Spain: Labour Revolution: Reduction of Hours for a Better Balance

After the recent increase in the minimum wage, the government is preparing to take a significant new step: reducing the workweek from 40 hours (8 hours a day) to 38.5 hours (7 hours and 42 minutes a day).

This measure seems to have a notable impact on the financial statements of many companies. As working hours decrease, the cost per hour worked will increase, which will raise operational costs and, consequently, reduce company profits.

However, this decision could represent progress towards work-life balance.

Furthermore, this reduction will also affect part-time contracts. Employees may work fewer hours for the same pay, or alternatively, maintain their current schedule and see an increase in their salary.

It is important to note that some agreements already include a workweek of less than 40 hours. However, those who have not yet adapted to this trend will be most affected by this new regulation.

This initiative is pending approval in Congress, but it is worth considering this regulatory change that can affect both the organization and productivity of the company and the workers, allowing them to better balance their work and personal lives.