# Spain offers to pay companies testing a 4-day work week
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-04-13
Category: BUSINESS
Category URL: https://financedigest.com/category/business
Meta Title: Apply Now for Spanish 4-Day Work Week Pilot Scheme
Meta Description: Spanish government offers pilot programme for small companies to transition to 4-day work week with full pay. Limited slots available, apply now!
URL: https://financedigest.com/spain-offers-to-pay-companies-testing-a-4-day-work-weekhtml

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By Belén Carreño

MADRID (Reuters) – Spanish companies with fewer than 250 workers have one month to apply for a pilot government scheme to reduce their work week to four days with full pay, the leftist administration said on Thursday.

The 9.6 million euro ($10.6 million) scheme will focus on small and medium-sized industrial companies, the government said as it outlined requirements for participation in the project first announced in December.

Around 25% to 30% of employees will [work at least 10% fewer hours](https://www.financedigest.com/low-use-of-shortened-work-hours-points-to-mild-german-recession-ifo.html "Low use of shortened work hours points to mild German recession – Ifo") on full salary. Employers will be partially compensated for up to 200,000 euros per applicant and the consultancy [costs of designing new work](https://www.financedigest.com/finance-teams-have-been-left-in-the-dark-on-the-real-cost-of-working-from-home.html "Finance teams have been left in the dark on the real cost of working from home") schemes.

The government has until November to respond to applications and [companies are asked](https://www.financedigest.com/why-more-companies-are-asking-new-employees-to-commence-employment-before-christmas.html "Why more companies are asking new employees to commence employment BEFORE Christmas.") to run the trial for at least two years, after which their performance results will be audited.

In parallel, the coastal city of Valencia is running a month-long trial of the four-day work week, with the city [council arranging for local holidays](https://www.financedigest.com/happy-parents-head-to-the-sunshine-as-uk-councils-drop-term-time-holiday-cases.html "HAPPY PARENTS HEAD TO THE SUNSHINE AS UK COUNCILS DROP TERM-TIME HOLIDAY CASES") to fall on four consecutive Mondays for the city’s entire population of 800,000 people.

It will [study the impact](https://www.financedigest.com/first-listener-wide-study-reveals-brand-impact-of-radio-livestream-and-podcasts.html "First listener-wide study reveals brand impact of Radio, Livestream, and Podcasts") on aspects including fuel emissions and people’s wellbeing, with results to be published by July.

In Britain, [employees at 61 companies](https://www.financedigest.com/hundreds-of-tyson-foods-employees-to-depart-as-company-closes-offices-wsj.html "Hundreds of Tyson Foods employees to depart as company closes offices – WSJ") worked an average of 34 hours across four days from June to December 2022 on full salaries in the world’s largest trial of a four-day work week so far. Most participants decided to retain it in what activists hailed as a breakthrough for a better [work-life balance](https://www.financedigest.com/find-your-work-life-balance-at-great-kneighton.html "Find Your Work-Life Balance At Great Kneighton").

($1 = 0.9050 euros)

(Reporting by Belén Carreño; Editing by Aislinn Laing and Richard Chang)


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