Secured loan lender Evolution Money has announced it is taking part in the government-sponsored four-day working week trial.

Employees across the firm’s two biggest customer-facing departments are taking part.

The trial will take place over a six-month period and Evolution employees in its mortgage adviser and collections department team will work for four days a week, with no impact on pay or holiday entitlement.

Staff receive a different day off each week – decided by rota – and Evolution stressed to all stakeholders that it will be business as usual across all departments. The firm said it would review the performance of the trial regularly, with a focus on service levels and a continuation of KPIs being hit.

Evolution Money CEO, Steve Brilus, commented: “We’re all very pleased to be taking part in this four-day working week trial and have put a considerable amount of thought and effort into how this might work in practice, what we wanted to achieve, and included a great deal of staff and stakeholder feedback in order to get this right.

“This is phase one of the trial, with our two largest customer-facing departments taking part, and we aim to quantify and evaluate its success – or otherwise – at the three and six-months point to ascertain whether we include more departments and whether we broaden this out to the whole business.

“Our priorities remain focused on continuing to deliver excellent consumer outcomes and support to our extensive introducer network, and this will be front of mind at all points during this trial.”

After the six-month pilot is completed at the end of 2022, Evolution indicated it will weigh up the introduction of the four-day working week across the entire business.

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