U.S. employers could lose billions over March Madness - WRCBtv.com | Chattanooga News, Weather & Sports

U.S. employers could lose billions over March Madness

Posted: Updated:
Source: WBIR Source: WBIR

Our NBC News partners at WBIR are reporting that the NCAA March Madness has finally arrived, bringing joy to lots of sports fans and dread to some employers.

The reason - employees are more likely to become glued to their computers, smartphones, and TVs to watch teams duke it out. Plus, the competition extends from the court to the office, as co-workers go head-to-head in their basketball brackets.

Employment Firm Challenger, Gray & Christmas calculates that employers could lose $1.2 billion for every unproductive work hour due to the Big Dance, reports CNN.

Here's how they came up with that amount:

  • About 50 million Americans will make a bracket
  • Multiply that number by an average hourly wage of $24.31
  • This equals out to about $1.2 billion

But instead of fighting an uphill battle, experts say managers should embrace the tournament as a opportunity to boost employee morale.

Powered by Frankly