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.
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