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February 2016 - MBA Business Magazine

ACA Reporting Extensions

INTERNAL REVENUE SERVICE ANNOUNCES NEW DEADLINES FOR EMPLOYERS Preparing for the new Affordable Care Act (ACA) reporting requirements has been a long and complicated process, as this is the first year that employers and insurers are required to report certain information about health coverage to employees, other individuals and the Internal Revenue Service (IRS). Recently, the IRS announced in Notice 2016-4 that employers will have two more months — until March 31 — to give...

Overexertion Tops List of Workplace Injury Causes

The most disabling, nonfatal workplace injuries cost U.S. employers nearly $62 billion in 2013, according to Liberty Mutual Research Institute for Safety’s 2016 Workplace Safety Index. The 10 leading causes of the most disabling work-related injuries, which caused employees to miss six or more days of work, account for more than $51 billion, or 82.5 percent, of these costs, according to the index. Overexertion — or injuries related to lifting, pushing, pulling, holding, carrying or...

Survey Reveals Unusual Team-Building Activities

Why break bread with colleagues when you can break dance? That’s what one company did for team building, according to a survey of 400 U.S. advertising and marketing executives by The Creative Group, a specialized staffing service for interactive, design and marketing professionals. Advertising and marketing executives were asked, “What is the wackiest or most unusual team-building activity you’ve ever participated in or heard of a company participating in?” Among the responses: “A dance-off.” “We...

Return-to-Work Programs

EFFECTIVE STRATEGIES CAN REDUCE COSTS, IMPROVE PRODUCTIVITY Your company’s medically restricted return-to-work (RTW) program is a key component in the case management of work-related injuries or illnesses, and some long-standing statistics support this as fact. The Bureau of Labor Statistics (BLS) reports that the longer an injured/ill employee is off work, the chances of the employee ever returning to work decreases dramatically. According to BLS, if an employee is off work for six months due...

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