New York Employers Could Lose Millions Of Dollars This Month

It is tough running a business whether it is big or small, but there is one issue that all locale businesses will be fighting against over the next couple of weeks.

That would be the NCAA basketball tournaments.

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Every year employers in New York lose millions of dollars to lost production because their employees are watching "March Madness" instead of working.

With so many marquee games on both the men's and women's brackets, this year could be a peak year for losses across New York State.

According to the latest research from Challenger, Gray & Christmas, employers across the country could lose around $13.3 billion in productivity during the tournaments. Employees will be on the clock to watch games as early as Noon in New York and in the opening rounds could be watching back to back to back games.

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Productivity is also lost before the games even start when employees use time during the day to fill out "March Madness" brackets.

According to the research about 75 million people will be spending around 6 to 10 hours of worktime on basketball.

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So if you are a business owner in New York you should plan on lower levels of productivity until the first weekend of April when the Final Four will take place.