The calculations are in...and it's not the rankings about which teams will make it to the NCAA basketball March Madness finals! It's the statistics about workers watching or listening to the games at work.
Workers who spend just 10 minutes a day during office hours watching, thinking or talking about the NCAA basketball tournament will cost employers a collective $1.7 billion in unproductive wages.
The calculations were performed by the firm Challenger, Gray and Christmas based on an estimated 37.3 million workers who earn the national average or $17.50 per hour spending 10 minutes a day following the annual tournament. Other notes were made that watching the games on streaming video could actually slow a company's computer network, resulting in compounded losses.
Is all this fair to employers? Your comments are welcome...
And thank you for making me Your Orange County Real Estate Connection.
Best regards, Michael Caruso