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How 8-hour Recreation leads to Double Profit Margins

During the Industrial Revolution, companies attempted to maximize the output of their factories by keeping them running as many hours as possible,

Typically implementing a “Sun up to Sun down” workday. 

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On May 1, 1886, the first-ever May Day parade was held with 350,000 workers walking off their jobs protesting for the 8-hour workday.

Progress was still slow though and it wasn’t until 1905 that industries began implementing the eight-hour workday on their own accord.

 
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One of the first businesses to implement this was the Ford Motor Company, in 1914,

 

Ford not only cut the standard workday to 8 hours but also doubled their worker’s pay in the process. 

 

Everyone was shocked as this resulted in

  • Doubling Ford productivity off of these same workers but with fewer hours
  • Ford’s profit margins also doubled within two years after implementing this change

 

Eventually, this encouraged other companies to adopt the shorter, 8-hour workday as a standard for their employees.

 

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Let us remind our leaders again that we still can

  • Shock our peers,
  • Increase productivity
  • Double profit margins

All we need to do is to enjoy 8 hours !

 

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Abhinav Paliwal

Abhinav Paliwal

CEO

PayNet Systems

Member since

08 Jun 2021

Location

India

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