Last week, Mexican billionaire Carlos Slim used his speech at a conference in Paraguay to advocate for the three-day work week. While workers would clock 11-hour days to keep productivity at acceptable levels, Mr. Slim envisions a workforce that will be able to work longer into their lives while enjoying more work-life balance. He also sees peripheral economic benefits in the creation of new leisure and entertainment activities.
CHICAGO, June 24, 2014 -- Millions of Americans could be watching the US soccer team take on Germany this Thursday in a match that will play a crucial role in deciding the team’s fate in the World Cup. The problem is the big game will played mid-day on Thursday, when many of those watching the broadcast or internet stream should be working. So, what can the nation’s employers do to prepare for the potential collapse in productivity?
Probably nothing, according to one workplace expert.
Data Breaches Could Create Jobs
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.