Employers expected to lose $17.3 billion in lost worker productivity during March Madness

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Employers expected to lose $17.3 billion in lost worker productivity during March Madness
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Employees tend to spend on average 25.5 minutes each day doing March Madness-related activities while the tournament is going on, according to a survey.

, a global outplacement and career transitioning firm that has published calculations of March Madness productivity loss in the past. The 2023 projected losses are the highest the company has recorded. Because of increasing employment and wages, the total losses have risen from last year, the report states.The total is generated based on an estimation of U.S. workers likely caught up in March Madness and the time spent making brackets or watching games.

About 48 percent of workers use company time to build their brackets, according to a 2018 TSheets survey. Given that, and the 160,315,000 Americans employed as of February, there are 76,951,200 workers doing their March Madness upkeep while on the clock.Houston Cougars in 2023 NCAA basketball tournament: What to know, how to watch and more

Employees tend to spend on average 25.5 minutes each day doing March Madness-related activities while the tournament is going on, according to a 2019 survey from OfficeTeam. That statistic brings us to a total of 6.8 hours spent on the tournament during work hours throughout the month. Lastly, for calculations, based on data from the Bureau of Labor Statistics, average hourly earnings were $33.09 as of February.

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