Typetec will be the first Irish IT services company to introduce a four-day working week for all its employees from the start of February next year.
The IT and cyber security solutions provider will apply the '100-80-100 model' which will see all employees receiving 100% of their pay for 80% working hours while achieving 100% productivity for the company.
As one of first members of the Four Day Week Ireland programme, it will be initially introduced as a 6-month trial with plans to make it permanent for all employees upon successful completion of the trial.
The company has informed its team of the decision to introduce a four-day week. Its primary goal is to improve work/life balance and empowerment for all of its employees, while simultaneously maintaining productivity levels, company growth and its high-quality customer service ethos.
Typetec will measure the success of its four-day working week across multiple KPIs including commercial, financial and operational targets. It will also collaborate and share data with independent researchers from UCD and Boston College. Results will be analysed and shared at a macro-level, so that more Irish private and public sector organisations can be informed and encouraged to make a similar commitment to their employees.
Paul Dooley, CEO, Typetec, said the company is completely focused on creating and maintaining a great working culture and environment at Typetec.
"Long before the pandemic, we had introduced remote working for all employees, and this has proved to be highly successful with productivity levels and staff morale seeing a significant boost.
"As a company that specialises in workplace productivity solutions, we realised that a four-day week was an obvious next step for us. We held a town hall meeting to inform the staff and the reaction was so positive and there’s a tangible air of shared excitement as we look forward to next year.
"We are holding empowered and engaged staff-led discussions as to how this will work best for them, while also maintaining team and individual productivity targets," Mr Dooley said.
"We’ve also begun informing our customers and they have also received the news positively and are fully reassured by our continued focus on delivering service levels that are considerably ahead of industry norms."
Joe O’Connor, Global Pilot Programme Manager, 4 Day Week Global, said, "The future of work has arrived. 20 Irish companies have boldly embraced a productivity-focused, reduced-hour model of work with the support of 4 Day Week Global."
He said Typetec is one of these dynamic, innovative and progressive organisations, and the programme are looking forward to working with the company as the rollout of the six-month coordinated trial commences early next year.
Founded in 1982 and headquartered in Dublin, Typetec provides technology consulting and managed IT services based on security, productivity and engagement solutions. Its sister company, Wriggle Learning is part of the Typetec Group and provides digital learning solutions for the education sector.
The Typetec Group has seen strong growth this year and expects to achieve €31m in annual revenues for 2021, an increase of 32% over the past two years. Typetec is also announcing that it will hire eight new technical, consultancy and commercial roles by the end of next year.