Consumer Watch: Tournament madness and the workplace

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by Andy Treinen

WHAS11.com

Posted on March 18, 2014 at 4:32 PM

Updated Tuesday, Mar 18 at 4:52 PM

LOUISVILLE, Ky. (WHAS11) -- As the annual NCAA Men's Basketball Tournament tips off, so does the annual frenzy of basketball brackets with competition on the court often extending to the office.

Each year, employment firm challenger, Gray and Christmas crunches the numbers no how much productivity is lost to workers watching daytime games, surfing the web, staying up late for nighttime games and managing their pools.

By their calculations, 50 million Americans will craft a bracket. Multiply that by an average hourly wage of $24.31 and there's the potential loss of $1.2 billion for every unproductive work hour.

Still, most workplace experts encourage employers to embrace March Madness rather than clamp down on it.

Experts say managers should embrace the tournament as an opportunity to boost employee morale. Besides, it's just a few days out of the year.

Also, in the era of smartphones and streaming content, most sports fans will find a way to turn a workday into game day anyway.

If you have a consumer issue you’d like us to look into send an e-mail to consumerwatch@whas11.com.

 

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