Fundamentals of Management, 8th ed

Employee

Retirement Income

Security Act of 1974

(ERISA)

A law that sets

standards for

pension plan

management and

provides federal

insurance if pension

funds go bankrupt

Family and Medical

Leave Act of 1993

Requires employers

to provide up to 12

weeks of unpaid

leave for family and

medical emergencies

National Labor

Relations Act

Passed in 1935 to set

up procedures for

employees to vote

on whether to have a

union; also known as

the Wagner Act

Chapter 8: Managing Human Resources in Organizations

2 2 9

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an organizing campaign. The Taft–Hartley Act also contains the National Emergency Strike

provision, which allows the president of the United States to prevent or end a strike that

endangers national security. Taken together, these laws balance union and management

power. Employees can be represented by a legally created and managed union, but the busi-

ness can make non-employee-related business decisions without interference.