Asda’s four-day-week trial is doomed to fail – here’s why
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With accusations of a “toxic atmosphere” swirling at Asda and workers on the verge of a historic first strike, the billionaire owners of the supermarket chain have pulled out what they clearly think will be a trump card – offering staff a four-day-work week.
The Issa brothers are hoping that a shorter working week will help to appease store managers, who are reportedly “leaving in their droves”.
But the grievances held by the grocery store’s staff run far deeper.?If Asda truly wants to address the attrition it’s seeing among retail managers, it must rebuild trust between staff and the company’s leadership. After all, explains Sam Forsdick , working four days a week in a toxic work environment is just as undesirable as working for five. Read the full piece here.
‘I never fancied a dynasty’: Sir Tim Martin on responsible profit and why his successor won’t be?family
JD Wetherspoon’s outspoken boss, who was recently knighted in the New Year’s Honours List, discusses the importance of consistency, Brexit, and the value of staff and customer?feedback with Rohan Banerjee . Read more.
‘Wake-up call’ for UK CEOs as a fifth think their company will not survive the?decade
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There are mixed sentiments among the UK’s CEOs as growing positivity about the global economic outlook continues to be offset by concerns about the longevity of their companies’ own business?models.
A majority of UK CEOs (61%) expect the global economy to improve over the next 12 months – which is far greater than last years’ prediction (21%) and exceeds the global average of 38%, according to PwC’s latest Global CEO Survey.
However, there has been little change in optimism with regards to business leaders’ own companies. A fifth (21%) of UK chief executives believe their business will not be economically viable in 10 years’ time, unless changes are made. Read the full piece here.
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