Productivity Wanes As March Madness Flames; Businesses Will Lose an Estimated $1.4 Billion As Employees Follow the Basketball Tournament

Telegraph - Herald (Dubuque) › March 18, 2004

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Summary

Employees directing their attention to the NCAA basketball tournament cost U.S. businesses an estimated $1.4 billion, according to a leading Midwest job placement service.

Challenger, Gray & Christmas, a Chicago-based outplacement firm, calculated that if college-educated employees spend 10 minutes per day watching or talking about the tournament, $94 million in productivity is lost per day.

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Productivity Wanes As March Madness Flames; Businesses Will Lose an Estimated $1.4 Billion As Employees Follow the Basketball Tournament

CEO John Challenger said his firm's estimate is probably conservative, even though it is m...

See the full content of this document