Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The provided text describes the positive outcomes of Atom Bank, a UK - based bank, after it shifted to a four - day workweek. The

The provided text describes the positive outcomes of Atom Bank, a UK-based bank, after it shifted to a four-day workweek. The decision was driven by the need for revitalization after COVID-19 and to retain talent. Despite initial reservations, the transition turned out to be receptive among employees, leading to increased productivity. The bank witnessed reduced recruitment expenses, decreased staff turnover, and enhanced employee engagement. The CEO of Atom Bank, Mark Mullen, acknowledges the challenges faced by older companies in adapting to remote work and emphasizes the importance of flexibility and adaptability. He believes that the pandemic has disrupted traditional work norms and highlights the need for organizations to prepare for a new era of work, driven by technological advancements. Final answer: Based on the given information, the rephrased statement would be: Atom Bank, a UK-based bank, implemented a four-day workweek to revitalize after COVID-19 and retain talent. Despite initial reservations, the transition was well-received by employees, leading to increased productivity and positive outcomes. The bank experienced reduced recruitment expenses, decreased staff turnover, and enhanced employee engagement. The CEO emphasizes the challenges of adapting to remote work and emphasizes the importance of flexibility and adaptability. He believes that the pandemic has disrupted traditional work norms and highlights the need for organizations to prepare for a new era of work driven by technological advancements.
Rephrase it in very simple langauge

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Statistics For Contemporary Decision Making

Authors: Black Ken

8th Edition

978-1118494769, 1118800842, 1118494768, 9781118800843, 978-1118749647

More Books

Students also viewed these General Management questions