A 4-day workweek might be coming to Maryland: 'We could be on the verge of a win-win situation' (via CNBCMakeIt)
new bill introduced by Maryland lawmakers this month incentivizes both public and private employers to experiment with a shortened workweek without cutting pay and benefits. Under the program, businesses that shift at least 30 employees from a 40-hour week down to 32 could get a state tax credit.
The bill also encourages state and municipal government agencies to implement a shorter workweek and report their results. Employers can participate in the state-sponsored experiment for up to two years, and the entire program will phase out in 2028. It provides up to $750,000 in tax credits per year and will be overseen by the Maryland Department of Labor. "People want more free time to spend with their families," Del. Vaughn Stewart, representative of Maryland's 19th district and sponsor of the bill, tells CNBC Make It.four-day workweek experimentFollowing a six-month trial, workers said their performance improved and their levels of burnout went down. Businesses reported an 8% increase in revenue throughout the trial period, and each said they planned to continue with a shortened workweek in the future. "We could be on the verge of a win-win situation, where we can give workers more free time while not only doing no harm to businesses, but maybe even boosting productivity," Stewart says. Hearings on the bill are expected to come next month. If signed into law, the program would go into effect July 1.
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