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March Madness Costs US Employers Around $4B in Productivity

Video Credit: Newsy Studio - Duration: 01:11s - Published < > Embed
March Madness Costs US Employers Around $4B in ProductivityHowever, one employment firm says the tournament can improve office morale.
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March Madness Costs US Employers Around $4B in Productivity

Whether you're a college basketball fan or not, chances are you'll be watching or talking about  March Madness  at the office.

This year, Americans are expected to fill out 149 million tournament brackets - but that's not necessarily a win for employers.

Experts say spending time on the games instead of on work duties  affects office productivity  in a very big way.  WalletHub estimates  that in 2019, corporate losses will equal roughly $4 billion total due to unproductive employees during March Madness.

The same outlet  reported last year  that those losses were around $6.3 billion.

Another study  found the average worker spends up to six hours on sports-related activities in the office during the span of the tournament.

That includes things like watching the games at work, checking scores and brackets, and chatting it up with co-workers.  One survey  called March Madness the third biggest tech-related office distraction, next to texting and Facebook.  Even though productivity might get chalked up as a loss, there could be some positive news for U.S. businesses.

Employment firm OfficeTeam  says sports events can be major morale-boosters at work, meaning March Madness may do more good than harm overall in the office. 




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