Consumer Watch: Employees cost companies during tournament time

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by Andy Treinen

WHAS11.com

Posted on March 18, 2013 at 4:44 PM

LOUISVILLE, Ky. (WHAS11) – For college basketball fans, NCAA tournament time is the time they lie awake dreaming about all year long.

There is a firm every year estimating how much money and time they month-long NCAA tournament costs American companies in lost wages and as you might imagine the number is getting bigger and bigger by the year.

With conference tournaments now in the rear view mirror and the brackets now set – today even casual fans will be organizing office pools, researching teams and planning viewing parties.

Over the next month, basketball will take a big chunk out of work time.

Monday, the outplacement firm Challenger, Gray and Christmas estimated that American companies will lose $134 million in lost wages as an estimated 3 million workers spend between one to three hours watching hoops on company time.

Now with online streaming as advanced as it is, hoops junkies can watch the tournament practically anywhere on phones, tablets and desktops.

Just be aware that the bosses may be watching so when you shout “that’s a foul” he or she may be on to your game.

The survey also found that 7 percent of those polled said they plan to take time off work to watch the tournament.
 

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