The Oregon Biz Report - Business News from Oregon

Read about accutane journal moderate acne here

Data shows March Madness helps office productivity

March 26, 2012

By U.S. Chamber of Commerce
Free Enterprise

Attention business owners: There’s more to cheer about than your favorite team making it past the first round in the NCAA Tournament this year. According to University of Richmond psychologist Donelson Forsyth, participation in company betting pools, checking score updates, and coffee chatter about March Madness are all good for an office – they can even be profitable.

“Certainly time will be taken away from tasks we’re doing, but the gain in terms of energy and overall cohesiveness in the long run will have a positive yield,” Forsyth told The Huffington Post.

A 2011 Robert Morris University survey showed that employees who watched tournament games on company time viewed their jobs more positively in the long run. The survey also revealed that denying workers the guilty pleasures of March Madness will stir resentment that will last well beyond the championship game.

With the tournament tipping off tomorrow in Louisville, employees can look to learn a lot about each other based on their brackets. Do they make decisions based on emotions? Is their favorite team their chosen winner? Did they pick only first or second seeds, or did they take big risks?

Opposing research points out the man-hours wasted during March Madness, with one study estimating $192 million in lost productivity. Forsyth recognizes the research, but suggests that the office pool and other tournament rituals can override a temporary dip in output.

Click here to read the full post on Forsyth’s thoughts about the NCAA Tournament and its impact on business.

  
Print This Post Print This Post    Email This Post Email This Post

Discuss this article

no comments yet

Leave a Reply

Your email address will not be published. Required fields are marked *


seven − = 6

Recent Articles

Press Releases



Top Business News

 

Top Women's News

 

Top Natural Resource News

 

Top Faith News

 

Copyright © 2014, OregonReport. All Rights Reserved. | Terms of Use - Copyright - Legal Policy | Contact Oregon Report

Stay Tuned...

Stay up to date with the latest political news and commentary from Oregon Business Report through daily email updates:

Delivered by FeedBurner

Prefer another subscription option? Subscribe to our RSS Feed, become a fan on Facebook, or follow us on Twitter.

RSS Twitter Facebook

No Thanks (close this box)