Super Bowl Could Cost Employers Billions in Lost Productivity
With the Kansas City Chiefs facing the San Francisco 49ers in the Super Bowl this weekend, the impact of one of America’s favorite pastimes on productivity will certainly be felt in the office come Monday, according to an estimate from global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.
Challenger estimates this year’s Super Bowl could cost employers over $5.1 billion in lost productivity in the week leading up to the game, as well as from employees missing work on Monday.
According to a new survey conducted by The Workforce Institute at Kronos this year, 17.5 million Americans reported they were likely not going to work on the Monday after the Super Bowl. That is the highest number since the company began tracking this data in 2005. It surpasses the previous high tracked last year, when 17.2 million Americans reported they would likely skip work.
Additionally, the firm tracked 11.1 million Americans who reported they would come in late or leave early on the Monday after the Super Bowl.
“This year’s match-up might be a bit more interesting to NFL fans who do not live in or did not grow up in New England. The Patriots played in the Super Bowl four of the last six years, with 11 appearances in the franchise’s history. While clearly a successful franchise, football fans may enjoy watching two new teams face off next Sunday,” said Andrew Challenger, Vice President of Challenger, Gray & Christmas, Inc.