Productivity dips as World Cup fever takes hold

Productivity dips as World Cup fever takes hold: 48 hours lost during business hours

A new study has found that workers in the UK will be exposed to up to 48 hours of the World Cup, potentially costing businesses millions in lost productivity. The report, conducted by Santiago Safdie, Data Journalist at InvGate, analyzes the overlap between World Cup matches and business hours, revealing that companies in the UK could lose up to 2 days in working productivity during the tournament.

“The potential impact of this World Cup on workforce productivity could be higher compared to other editions, as this is the first time this event happens after the 2020 pandemic, when 30% of the UK workforce works remotely at least once a week according to the Office for National Statistics.”, said Santiago Safdie, Data Analyst at InvGate.

Productivity dips as World Cup fever takes hold
  • Businesses in the UK could lose up to 48 working hours based on the overlap of match and business hours.
  • This is the first World Cup after the pandemic when 30% works remotely at least once a week.
  • For the analysis, it was taken into account the standard working hours (Monday to Friday from 9 AM to 6 PM) and the conventional length of the matches (120 minutes, consisting of 90 minutes of play, 15 minutes of rest, and 15 minutes of overtime and additional time).
  • Each country was sampled by grouping them according to their respective Greenwich Mean Time (GMT) and determining the overlap between matches and the number of working hours in which they coincide.
  • A study conducted in 2010, using minute‐by‐minute trading data for fifteen international stock exchanges, showed that when the national team was playing, the number of trades dropped by 45%. [source]

 

- Businesses in the UK could lose up to 48 working hours based on the overlap of match and business hours. - This is the first World Cup after the pandemic when 30% works remotely at least once a week. - For the analysis, it was taken into account the standard working hours (Monday to Friday from 9 AM to 6 PM) and the conventional length of the matches (120 minutes, consisting of 90 minutes of play, 15 minutes of rest, and 15 minutes of overtime and additional time). - Each country was sampled by grouping them according to their respective Greenwich Mean Time (GMT) and determining the overlap between matches and the number of working hours in which they coincide. - A study conducted in 2010, using minute‐by‐minute trading data for fifteen international stock exchanges, showed that when the national team was playing, the number of trades dropped by 45%. [source]