It’s
time for the NCAA men’s and women’s basketball tournaments. Millions of
Americans have filled out their brackets, started office pools and are
prepared to stream games to their mobile devices
at work – potentially costing businesses billions of dollars in lost
productivity.
But
instead of fighting March Madness, corporate America should embrace the
opportunity toboost morale and forge a more cohesive workforce, said
Ben Wright, a Ball State marketing professor.
He believes companies should integrate college basketball into the workplace.
“We
have to remember that some fans — which is short for fanatics — spend
months simply anticipating this time of year, spending untold hours to
create and then meticulously follow their brackets,”
said Wright, who noted a recent estimate by the Bleacher Report
suggests that as many as 70 million brackets will be filled out in 2017.
“As the popularity of March Madness has grown, it is nonsensical for
managers to expect employees to enjoy the tournament
only outside work hours. In fact, instead of blocking, banning or
slowing down streaming capability during March Madness, many companies
are encouraging employees to watch the games.”
The
two NCAA tournaments run from until early April,
providing basketball fans with high quality basketball across 12
different platforms.
To
avoid liability issues, Wright advocates businesses have clearly defined
policies(e.g., live streaming at work, employee banter, presence of
office pools, etc.) for acceptable practices regarding
the tournament.
“Moreover,
most companies have moved to an ‘ante-free’ pool, where no money is
required for entry to a March Madness bracket competition due to legal
reasons and the increased awareness of potential
gambling addictions.”
Wright
pointed out that a report by the American Gambling Association
estimated last year’s March Madness betting total exceeded $9 billion.
“So,
as we prepare for another year of buzzer beaters and upset wins,
managers should be aware of the effects of March Madness on
productivity, but focus more on the benefits and potential opportunities
this time of year creates. The tournament pulls people together,
allowing people to share very special moments. That makes for a better
workplace.”
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