Callie
02-24-2007, 05:55 PM
The so-called "madness" that will stem from the NCAA (http://www.bizjournals.com/search/bin/search?q=%22NCAA%22&t=baltimore)'s 64-team postseason men's basketball tournament could result in $1.2 billion of lost office productivity, according to a survey released Friday.
One hundred human-resource executives told Chicago-based research firm Challenger, Gray & Christmas Inc. (http://www.bizjournals.com/search/bin/search?q=%22Challenger%2C%20Gray%20%26%20Christmas %20Inc%22&t=baltimore) that the 19-day tournament could take a big chunk out of the bottom line of companies across the country.
The survey shows that only 6 percent of the participants will prevent employees from accessing Web sites and streaming video geared to the annual tournament.
The other 94 percent said they either do not consider the tournament to affect their employees' work habits or will allow the "March Madness" habits as a reward for hard work put in throughout the rest of the year.
Challenger estimates that with the NCAA streaming games for free on it's Web site, the first two days of the tourney has the potential to cost employers up to $260 million in lost work.
Additionally, 23 percent of the executives who responded to the survey said they will encourage the tournament amongst its employees. Office pools and television breaks are several of the perks those companies are planning to offer its employees.
"Companies rightly figure that many workers are going to be distracted by March Madness, so why not take advantage of the situation to build morale and camaraderie among the staff," said John A. Challenger, CEO of Challenger, Gray & Christmas, in a news release.
http://www.bizjournals.com/baltimore/stories/2007/02/19/daily43.html?from_rss=1
Haha! :lol For some reason... this doesn't surprise me!
:woo I'm so looking forward to March Madness!!!!!!!
One hundred human-resource executives told Chicago-based research firm Challenger, Gray & Christmas Inc. (http://www.bizjournals.com/search/bin/search?q=%22Challenger%2C%20Gray%20%26%20Christmas %20Inc%22&t=baltimore) that the 19-day tournament could take a big chunk out of the bottom line of companies across the country.
The survey shows that only 6 percent of the participants will prevent employees from accessing Web sites and streaming video geared to the annual tournament.
The other 94 percent said they either do not consider the tournament to affect their employees' work habits or will allow the "March Madness" habits as a reward for hard work put in throughout the rest of the year.
Challenger estimates that with the NCAA streaming games for free on it's Web site, the first two days of the tourney has the potential to cost employers up to $260 million in lost work.
Additionally, 23 percent of the executives who responded to the survey said they will encourage the tournament amongst its employees. Office pools and television breaks are several of the perks those companies are planning to offer its employees.
"Companies rightly figure that many workers are going to be distracted by March Madness, so why not take advantage of the situation to build morale and camaraderie among the staff," said John A. Challenger, CEO of Challenger, Gray & Christmas, in a news release.
http://www.bizjournals.com/baltimore/stories/2007/02/19/daily43.html?from_rss=1
Haha! :lol For some reason... this doesn't surprise me!
:woo I'm so looking forward to March Madness!!!!!!!