Atom Bank has reported a 500 per cent increase in applications for open roles following its announcement of a four-day week.

The bank said that the introduction of a shorter working week has been a success with “no negative impact on customer service or operations”.

It’s been two months since Atom became the UK’s largest business and the first bank to move all employees to a four-day week.

It said that since the announcement, there has also been a dramatic increase in searches for jobs at Atom.

According to staff surveys, employees are feeling less stressed and look forward to work each day with the change in working practice.

“Our adoption of a four-day working week has been a huge success, and we are proud of how well our employees have adapted, continuing to offer the excellent level of customer service that Atom is known for. We firmly believe that a four-day week is the future of work for many,” said Anne-Marie Lister, chief people officer, Atom. “The new year often brings about a desire in many people to change something about how they live their lives.

"We want and expect to see more companies introducing increasingly flexible working practices in 2022, as people continue to reconsider what they want from their careers. COVID-19 continues to impact us all, and we believe companies can do more to help their employees maintain a healthier work/life balance.”

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