Key Employment Laws and Acts: Definitions and Importance, Quizzes of Introduction to Business Management

Download Key Employment Laws and Acts: Definitions and Importance and more Quizzes Introduction to Business Management in PDF only on Docsity! TERM 1 Labor Relations DEFINITION 1 1974 Privacy Act1986 Immigration Reform & Control2003 Sarbanes-Oxley Act TERM 2 Privacy Act DEFINITION 2 1974Gives employees legal right to examine letters of references concerning them TERM 3 Immigration Reform & Control Act DEFINITION 3 1986Requires employers ot verify the eligibility for employment of all their new hires (including US citizens) TERM 4 Sarbanes-Oxley Act DEFINITION 4 2003Prohibits employers from demoting or firing employees who raise accusations of fraud to federal agency TERM 5 Employee Retirement Income Security Act (ERISA) DEFINITION 5 1974Sets rules for managing pension plans; provides federal insurance to cover bankrupt plans TERM 6 Family & Medical Leave Act DEFINITION 6 1993Requires employers to provide 12 weeks of unpaid leave for medical and family reasons, including for childbirth, adoption, or family emergency TERM 7 Health Insurance Portability & Accountability Act (HIPAA) DEFINITION 7 1996Allows employees to switch health insurance plans when changing jobs and receive new coverage regardless of preexisting health conditions; prohibits group plans from dropping ill employees TERM 8 Fair Minimum Wage Act DEFINITION 8 2007Increased federal minimum wage to $7.25 per hour on July 24, 2009 TERM 9 Health and safety DEFINITION 9 1970 Occupational Safety & Health Act (OSHA)1985 Consolidated Omnibus Budget Reconciliation Act (COBRA)2010 Patience Protection & Affordable Care Act TERM 10 Occupational Safety & Health Act (OSHA) DEFINITION 10 1970Establishes minimum health and safety standards in organizations