March Madness! Is it time to crack down on office gambling? — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

March Madness! Is it time to crack down on office gambling?

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in Discrimination and Harassment,FMLA Guidelines,Human Resources,Leaders & Managers,Performance Reviews

by Maureen Q. Dwyer, Esq.

It’s once again time for “March Madness,” the NCAA basketball tournament. The 65 teams have been selected, brackets announced—and office-betting pools printed out. Now comes the agony of whether to select a Cinderella team or your alma mater. If your workplace is like many, talk of picks and the Final Four are everywhere.

USA Today sports analyst Danny Sheridan estimates that $6 billion will be wagered illegally on the NCAA basketball tournament, making it the fourth largest sports betting event. A fair amount of that $6 billion will be bet on office pools—usually just a few bucks at a time.

While work pools are a lot of fun, they also can present some risk for employers. Anti-gambling groups often urge employers not to sanction office pools.

Should employers be concerned about office pools and the bigger issue of gambling in the workplace?

Bet on a few problems

Most office pools don’t signific...(register to read more)

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