OUR THOUGHTS ON:

Will March Madness Impact Employee Productivity?

Business Advisors

By Richard McKenna

Well, it’s that time of the year again. The NCAA college basketball tournament or March Madness begins this week and many organizations expect a drop in employee productivity, or worse yet, a disruption of the entire company network.

It has never been easier to connect to the outside world from work. Just ask anyone who plans to watch part, or all, of the NCAA tournament online.

Some experts expect more than 2.5 million workers to live-stream the games during the tournament. The NCAA actually reported that it had 26.7 million visitors and over 10.3 million hours of video streaming last year.

The outplacement firm of Challenger, Gray and Christmas estimates that this lost productivity might cost companies more than $175 million.

There is another issue of concerned as well. All the online tournament viewing will result in an increased burden on a company’s network. In some organizations the network will not be able to handle the extra load.

So, what should companies do?

On the one hand, companies should warn their employees not to get distracted and remain focused on running the business. Company managers need to limit access to the tournament online and protect the IT network from being affected. Lost productivity cannot be recovered and may be very costly. A crashed network can be even more disruptive.

On the other hand some companies will set up a television or two in the cafeteria or conference rooms to allow employees to stop in during their breaks to catch up on the games. This is a small price to pay in order to maintain almost normal productivity and reduce the burden on the network.

Either way, organizations need to be aware that lost productivity and a slow and sluggish internet or network can affect the organization in a less than positive manner.

Contact Schneider Downs Business Advisors to learn more about productivity improvement for your business.

© 2012 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

This advice is not intended or written to be used for, and it cannot be used for, the purpose of avoiding any federal tax penalties that may be imposed, or for promoting, marketing or recommending to another person, any tax related matter.

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2018 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

comments