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Billion-Dollar Loss After Super Bowl

Time for the NFL to reschedule America's most-anticipated event?

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What's going on?

Workforce Institute at Kronos released its annual Super Bowl Fever Survey on January 28, 2020, and discovered a new record of employed adults in the United States admitted to missing work the Monday after the Super Bowl. With the results of 1,148 participants, the online survey enabled Workforce Institute at Kronos to give an estimate of 17.5 million absent American workers the day after Super Bowl LIV. This figure makes February 3, 2020, the largest absenteeism number related to the Super Bowl since this was first tracked in 2005.

 

The average private-sector employee earns $28.32 an hour and works five 8.5-hour days a week, costing $4.2 billion in labor disruptions post-Super Bowl. Kronos’ survey in 2014 with the Society for Human Resource Management (SHRM) unveiled the cost of employee absence to be up to 22% of base payroll. The figure takes into account costs such as employee pay, replacement expenses, overtime, and net lost productivity. Taking all of this into consideration, the Super Bowl poses a problem for the economy of the U.S, especially with the absenteeism costing companies $1 billion in losses.

 

Furthermore, it affects the morale of managers and colleagues. 11.1 million employees state they will take preapproved leave to allow their managers time to plan for shift changes or rescheduling of work, but 4.7 million employees will call in sick, and another 1.5 million employees won’t show up for work. However, a solution might be in place as this year’s survey shows that 40% believe making Super Bowl Monday a national holiday will prevent this annual phenomenon. Alternatively, it was suggested that the National Football League should adjust the season so that the Super Bowl falls on the Sunday before Presidents Day.

SOURCE

The $1 Billion Reason to Never Play the Super Bowl on Sunday Again

https://www.ccn.com/the-1-billion-reason-to-never-play-the-super-bowl-on-sunday-again/
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