In a decision that adopts the minority position of two courts of appeals out of a total of eight that have ruled on the issue, the Supreme Court held that ERISA health benefit plans may not seek reimbursement from third-party settlements plan participants receive when the participant has spent the funds on nontraceable items. While the case in question concerned a health benefit plan, the implications for other types of ERISA plans, including pension and disability plans, is unclear.
A new study by the MAPI Foundation, Productivity Dynamics in U.S. Manufacturing, analyzes productivity growth in a range of manufacturing subsectors over the past 25 years and provides compelling statistical evidence on the importance that capital investment and educated labor have on productivity performance.
The MAPI Foundation today released its latest U.S. Industrial Outlook, a quarterly analysis of 27 major industries, which found that manufacturing industrial production was unchanged from the third to the fourth quarter of 2015. The analysis indicates that such factors as high inventories, a strong dollar, falling commodity prices, and risk aversion have not dissipated and are the cause of this slow growth.
Virtual reality has many applications beyond video games, particularly for manufacturing. Companies are leveraging this technology for product development, prototypes, training, and factory floor layout. Ford and BAE Systems already have reputations for using virtual reality to shorten product design cycles and save costs.
Evidence shows that good physical condition, good mental health, and an absence of chronic illness correlate to low injury rates. Programs aimed at prevention, early detection, and managing conditions also improve safety. However, a growing body of research has found that companies that integrate health, wellness, safety, and benefits in a holistic approach can improve health, decrease injuries, and improve productivity by building a culture of workforce resilience.
Last year the world waited to see if the hype surrounding COP21 in Paris would produce a global commitment between heads of state to help stem the tide of rising temperatures. Since that historic week in Paris, 86 of the 197 countries who are party to the newly produced Paris Agreement have achieved ratification.
While the events most often planned for are site- or natural disaster–related, businesses should also include workplace violence, terrorism, and cyberattacks in their business preparedness efforts. This is especially true given the nature of black swan events as those that (1) take place outside of regular expectations, (2) carry an extreme impact, and (3) seem obvious, explainable, and predictable in hindsight.
Nearly half of manufacturing executives lack confidence their assets are protected from external threats, according to a new study from Deloitte and the Manufacturers Alliance for Productivity and Innovation (MAPI) on Cyber Risk in Advanced Manufacturing. Study results indicate 40% of manufacturing companies were affected by cyber incidents in the past 12 months, and 38% of those impacted indicated cyber breaches resulted in damages in excess of $1 million.
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