Sadly it's not widespread. And I fear most companies wouldn't be well prepared to actually execute on it.
It won't be publicly broadcast, but if you ask around it is an option.
At $75k/year $15k for a day off a week would be roughly "break even" on the hourly rate trade off.
Someone on $100k taking a pay cut to 4 days would see their time valued at an increase in hourly rate. Since you're getting 15% less money in exchange for 20% less time.
Broad brush strokes on the math there but you get the picture.
Being self-employed, I have to make that choice -- "How much value is a day off?" -- every time a customer asks me to take on a project. Converting a 4-day week to annual vacation: 1 day in 5 is about 50 days off the standard 250-day work-year. I'd pay a whole lot more than $15k for 10 weeks off.
We do have the typical stocked fridge and beer and foosball. But so does everyone else.
We've actually found that given the choice between a perk and more money, people almost always take the money up to about $100k. After that priorities change.
> How does your company handle IP assignment also for personal projects? If I can work on side projects freely without worrying about legal junk that weighs heavily into a decision.
Our CEO and myself are vigorously debating this one :)
I love the idea of not requiring that but the math just doesn't work out for us. We have specific goals we need to hit to make payroll and losing 8 hours a week from everyone wouldn't work.
We are actively working to improve our processes so we can make more money with less hours spent though. When we crack that nut we can consider something like that.