Engagement experts can’t agree on whether or not fantasy football is a waste of time or a valuable tool. With the NFL season kicking off on September 8, over 57 million people across the United States and Canada have drafted or are preparing to draft their fantasy football teams. Chances are a significant number of your employees are taking part. So the question is: what effect does fantasy sports, especially football, have on your company’s productivity?
Time spent on fantasy football could lead to lost profit from an hourly productivity perspective. It is estimated by the Fantasy Sports Trade Association that 66% of full-time employees play fantasy and will spend an average of 12 hours in a full week on some fantasy related activity, whether it be researching, managing a team, or following coverage. Recent research suggests that only one hour per workday per employee who plays fantasy football could result in up to $16 billion in lost wages in the US over the 17 week-long NFL season.
But that doesn’t mean fantasy football leagues are entirely negative. In fact, there are multiple benefits to allowing or even promoting involvement in a league, including boosting morale, building camaraderie, and encouraging a horizontal introduction of employees who would otherwise not interact. When done in moderation, you may even notice fantasy football leads to an increase in productivity, since it is well documented that periods of focusing on work followed by short periods of rest actually lead to higher work efficiency.
If you plan to host office-wide fantasy leagues, double check to ensure that no laws are being broken and the company’s interests are protected. Most states do not allow online gambling so a pay-to-play policy could land you in hot water. Some states allow it under murky social gambling laws, but bragging rights are generally enough of a reward. In order to avoid issues with employment law, a published gambling policy that defines parameters of what is allowed and is consistently enforced is recommended. And with everything Tribe preaches, remember that this isn’t about fantasy football, it’s about employee engagement. So it’s key to offer other opportunities that bring employees together to avoid sport-apathetic associates feeling left out.
Are you interested in more employee engagement ideas? Tribe can help.