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.
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CHALLENGER LISTS THE TOP WORKPLACE STORIES OF 2013
As the year comes to a close, global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc. presents some of the most outrageous, unbelievable, and compelling workplace stories of the year. Challenger, which released the compilation Monday, remembers Yahoo’s major decision, government impasses and how the climate has impacted jobs.
TOP 10 UNBELIEVABLE WORKPLACE STORIES OF 2013
While hiring remains subdued throughout most of the country, the latest government data show that the number of American voluntarily leaving their employers is on the rise, which, according to one employment authority, suggests that the job market is indeed improving along with job seeker confidence.
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.