Awesome, thank you for the link and the answer!
I have an employee who needed a 33% increase due to market pressures. While we were going to already meet 15% of that at his next annual, budgets didn’t easily allow for the other 18.
Instead, he got a significant raise and a 4-day week to boot. He’s happy. I’m happy. And, frankly, we don’t see any productivity loss.
It is absolutely possible.
Output hasn't changed
And if this ever becomes a company wide policy (e.g. 4 days for 100% or 80% salary), please let me know :)