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Posted March 19, 2013 by

Does March Madness Boost Morale in the Workplace?

It is that time of year again when college basketball fans brace themselves for March Madness.  However, can all of this excitement affect morale in the office?  Learn more in the following post. (more…)

Posted March 13, 2013 by

Sequestration Far Worse Than March Madness for Job Numbers

John Boehner

U.S. House of Representatives Speaker John Boehner

With the first round of the 2013 NCAA Division 1 men’s basketball championship tournament set to tip off next week, the nation’s employers should be readying themselves for the inevitable drop in productivity that coincides.  One new survey found that nearly one-third of workers spend at least three hours per day following the Tournament during work hours.

In the annual “study” hated by working basketball fans everywhere, global outplacement firm Challenger, Gray & Christmas, Inc., estimates that March Madness will cost American companies at least $134 million in “lost wages” over the first two days of the Tournament, as an estimated 3.0 million employees spend one to three hours following the basketball games instead of working.

“At the end of the day, March Madness will not even register as a blip in the overall economy.  Sequestration is going to have a far bigger impact.  Will March Madness even have an effect on a company’s bottom line?  Not at all,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas. (more…)

Posted March 12, 2012 by

March Madness Costs Employers 3.75 Million Hours Per Day

With the field of 68 teams now selected for the NCAA Division 1 men’s basketball championship tournament – affectionately known as March Madness – companies around the country are preparing for is likely to be a week with noticeably diminished productivity as workers begin the annual tradition of organizing office pools, filling out brackets and watching streaming broadcasts of the games from their desks.

John Challenger of Challenger, Gray & Christmas“Monday could be particularly dreadful on the productivity front, as a new study out today from a Penn State University assistant professor suggests that the loss of sleep stemming from the annual change to daylight savings time results in workers to spend more time than normal surfing the web. The ‘cyberloafing,’ as it has been coined, could be particularly robust today as many workers take to the Net to research teams and study match-ups in an attempt to generate a winging office pool bracket,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas. (more…)

Posted March 01, 2012 by

March Madness Means Millions of Lost Hours of Productivity

Kentucky Wildcats MascotThe annual NCAA Division 1 men’s basketball championship tournament, affectionately known as March Madness, kicks off in less than two weeks and companies around the country know what that means: it is time once again to remind employees that streaming live video slows down everyone’s internet speed.

In its annual “study,” that gives legitimate scientific studies a bad name, outplacement firm Challenger, Gray & Christmas, Inc. predicts that while March Madness will not be the downfall of the American economy, it could result in millions of hours in lost productivity, or at least diminished productivity, as workers across the nation take time from their work schedules to watch games online, check scores and manage their office pool brackets. (more…)