Is it the day after St. Patrick's Day? Jan. 2? Monday after
the Super Bowl? Which ones are the worst and what do employers
think about it?
An annual study by global outplacement firm Challenger, Gray
& Christmas estimates that March Madness will cost American
companies at least $134 million in lost wages over the first two
days of the college basketball tournament. Between extending
lunches, streaming videos and researching team statistics, the
study reveals that there is a significant drop in productivity as
well as internet speeds at work.
Although the federal Bureau of Labor Statistics doesn't
track absenteeism at work on specific days, studies such as the one
by Challenger and academic research paint a good picture of how
employers nationwide scramble to prepare for massive blows to
productivity during certain times of the year.
