March Madness is one of the most exciting sporting events of the year, and it is once again right around the corner. In addition to potential heartbreak for diehard fans of certain teams, it also can cause some major headaches for employers. Accordingly, this is a good time to consider what should be done to prepare your business for the madness to come.
The biggest impact March Madness has for employers unquestionably is the loss of productivity. While other sporting events like the Super Bowl take place during nontraditional work hours and consist of a single event, March Madness goes on for weeks, and many of the early games take place during the normal workday. The outplacement and coaching consultant firm Challenger Gray & Christmas Inc. estimates that 60 million Americans fill out brackets for March Madness. All of them need time to fill out the brackets as well as research their choices.
