Vol. 13 No. 30 - ISSN: 1533-3698 March 10, 2012
Dear People:
For employers, March Madness, the men's college basketball tournament, marks the arrival of several annual rituals: employee-organized office betting pools, a potential dip in employee productivity and a decline in Internet speed, as employees watch live streaming broadcasts of the tournament games during office hours. March Madness also provides a team building opportunity for your workplace.
According to John Challenger, chief executive officer of Challenger, Gray & Christmas, Inc., an outplacement company that tries to predict the impact of March Madness on workplaces, "March Madness and the subsequent office pools have been going on long enough, that employers can no longer claim to be caught off guard by the annual event. Some have tried to squash these pools, most simply ignore them and others have found ways to embrace the tournament as a team-building and morale-boosting opportunity." He estimates that workers distracted by March Madness could cost employers as much as $1.8 billion in unproductive employee time during the first week of the tournament, alone, based on 20 minutes of daily time wasting. Read more...
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Regards and wishing you and yours the best this weekend,
Susan
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