A new survey by Challenger, Gray & Christmas reveals that March Madness will cost employers millions in lost productivity time.
- Collectively, college basketball fans will spend 8.4 million office hours watching the tourney on TV, their smartphone or on a computer. If you multiply that by the average hourly earnings of $22.87 among private-sector workers, the financial impact is more than $192 million.
- men watch up to three hours of sports games a day online
- when it comes to March Madness office pools, 33% of companies prohibit workplace gambling. Only 6% of companies have ever disciplined or terminated an employee for violating the policy.
