U.S. employers could lose billions over March Madness
KNOXVILLE (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.
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
instead of fighting an uphill battle, experts say managers should
embrace the tournament as a opportunity to boost employee morale.