March Madness Could Cost $2 Billion In Company Time
Employers could stand to lose nearly $2 billion worth of employee time thanks to this year's NCAA basketball tournament.By Evan Thomas | March 13, 2015
March Madness could cost employers close to $2 billion this year, according to some estimates.
Outplacement firm Challenger, Gray & Christmas, Inc. multiplied together estimates of how many people get sucked into March Madness (about 60 million), estimates of how much time they spend working on brackets and streaming game footage at work (about 77.7 million man-hours), and the average hourly wage ($24.78).
It comes out to $1.9 billion worth of employer time.