Greece's New Six-Day Workweek: A Strategic Workforce Planning Perspective
On July 1, 2024, Greece introduced a six-day workweek for private sector employees, diverging from the global trend towards shorter workweeks. This move, driven by the need to boost productivity and address workforce shortages, has sparked significant debate about its implications for worker rights and economic growth.
The Context Behind Greece's Decision
Greece's economic struggles, including high unemployment rates and a shrinking working-age population, have pressured the government to find solutions to revitalise the economy. The introduction of a six-day workweek aims to enhance productivity and reduce undeclared work by integrating EU labor directives into national law.
Application of the Six-Day Workweek
The new six-day workweek in Greece applies to specific sectors and roles within the private sector, particularly those with high productivity demands. Notably, the policy affects:
Workforce Planning as a Strategic Alternative
Effective strategic workforce planning (SWP) could not only offer Greece a more sustainable path to economic recovery without overburdening workers, but serve as a lesson to other businesses and governments who would wish to avoid a six-day workweek in their own country. Here's how:
Greece's population has been aging, and the working-age population has been declining. Addressing these demographic shifts through policies that encourage higher birth rates, attract skilled immigrants, and retain young talent is crucial. Implementing family-friendly policies, such as flexible working hours and improved childcare support, could make a significant difference.
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Investment in education and vocational training can equip the workforce with the skills needed for emerging industries. This approach not only boosts productivity but also prepares workers for high-demand sectors, reducing the mismatch between job vacancies and available skills.
Encouraging higher participation rates among underrepresented groups, such as women and older workers, can mitigate labor shortages. Policies promoting gender equality in the workplace and incentives for older workers to remain employed longer can expand the available labor pool.
Leveraging technology to automate routine tasks can free up human resources for more complex and creative roles. This transition requires strategic investment in digital infrastructure and continuous learning opportunities for workers.
Automation offers significant potential to alleviate labor demand pressures by increasing efficiency and productivity. Integrating advanced technologies in sectors such as manufacturing, logistics, and services can reduce the need for extended work hours while maintaining or boosting output. This shift not only addresses workforce shortages but also enhances the competitiveness of Greek industries on a global scale.
Summary
While Greece's six-day workweek aims to address immediate economic concerns, strategic workforce planning offers a more balanced and sustainable solution. By focusing on demographic trends, upskilling, workforce participation, and technological innovation, Greece can achieve long-term economic growth without compromising worker rights and well-being.
Optimising business outcomes through Workforce Planning and Strategy, Total and Contingent Workforce Management, People Analytics and Org. Design.
4 个月Some lessons here for UK sectors experiencing challenges. Thinking patient waiting lists
Align People Strategy with Business Strategy
4 个月Another great article from Adam Gibson ! Thanks for sharing Adam! And good luck for tomorrow’s game!
Data and Workforce Planning Analyst with a focus on recruitment, employment, and diversity within organizations that are highly regulated and policy driven (views on LinkedIn are personal and my own)
4 个月Well stated. Agreed re cybersecurity. Adding individual development plans is a good step while focusing on the skill gap by work role and integrating training for those skills is better (and harder)