Analyzing the latest metrics, pouring over spreadsheets and personnel files, assessing the potential of team members. Another day at the office? Perhaps. But around this time of year, it’s just as likely to be your co-worker prepping for the fantasy football draft.
As fantasy sports and, more specifically, fantasy football continue to grow in popularity, so might the financial impact on the nation’s employers. However, one workplace authority says companies should not crack down on workers managing their teams at the office, but instead embrace the fantasy fanaticism.
While fantasy football could cost employers over $8B in lost productivity (based loosely on government employment data, average hourly pay, and number of fantasy players), fret not. The workplace more than benefits from the boost in morale as co-workers discuss trades, injured players, and heroic plays.
“This means that every hour of unproductive work time, whether it’s spent managing a fantasy football team or shopping for anniversary presents, costs an employer $23.98. That is not a very big deal when you are talking about one person, but when you multiply it across the roughly 23 million working Americans who are playing fantasy football, it starts to add up,” noted John A. Challenger, chief executive officer of Challenger, Gray & Christmas.
It adds up to $551,540,000, to be precise (23,000,000 X $23.98). Multiply that figure across the typical 15-week fantasy football season and it totals $8,280,000,000.