Insomnia Costs Employers More Than Snow

Snow Chart

With the back to back ice/snow storms that hit the Washington, D.C. area earlier this week, the Federal Government along with many businesses were either shutdown for the day, opened late, or employees were given the option of taking leave for the day. Depending on the weather going forward, this could end up being a common occurrence this winter. Even if it is, though, it turns out that snow storms don’t really cost businesses all that much money:

[A]s much of a hassle as snow removal is, what’s more costly to employers?

Snow removal may cost a couple billion dollars a year, but even fantasy football is a lot more expensive for employers—as are the flu and insomnia, among other things.

The article does note that the study from which the chart above comes, which is based on data from the Department of Transportation, National Institutes of Health, and other sources, does not include any lost productivity from snow, which is apparently difficult for economists to estimate.

FILED UNDER: Economics and Business, Quick Takes
Doug Mataconis
About Doug Mataconis
Doug holds a B.A. in Political Science from Rutgers University and J.D. from George Mason University School of Law. He joined the staff of OTB in May 2010 and contributed a staggering 16,483 posts before his retirement in January 2020.

Comments

  1. Rafer Janders says:

    Well, one thing to note is that very large portions of the country, especially Hawaii, the Southwest, the Pacific Coast, the Gulf states, and the Southeast, get little to no snow.

  2. JohnMcC says:

    The title “Insomnia costs employers more than snow” implies that employees who are trying to sleep on the job but find themselves wakeful are a drain on their employers. Possibly that is not what you meant?