March Madness takes a toll on productivity

Personal Finance

But across the U.S., all that time spent on sports brackets instead of actual work has a serious impact on the bottom line. In fact, unproductive workers during March Madness amounted to an estimated $6.3 billion in corporate losses last year, WalletHub said.

A separate survey by Seyfarth Shaw at Work, a subsidiary of the law firm Seyfarth Shaw, found that March Madness ranked third among tech-related office distractions, directly behind texting and Facebook. The findings are from a poll of more than 400 managers and human resources specialists.

Although 81 percent of human resource professionals said their organizations don’t have policies to police office pools, employees are happy to leave well enough alone. Ninety percent of workers agreed March Madness was good for employee morale, WalletHub found.

The NCAA will reveal on Sunday which 68 teams have made the cut for this year’s basketball championships. The tournament starts two days later and concludes April 2.

More from Personal Finance:
NBA star Ben Simmons: College sports is a dirty business
How an NBA All-Star learned to be smart about money
Pitfalls of joining the office Powerball pool

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