Floating holidays: not just your trip on a cruise ship, it’s also an important term to know when determining your paid time off policy.
Floating holidays are days of paid vacation that employees can choose to take throughout the year. They are typically intended for people who celebrate some holidays in addition to the ten federally recognized holidays many employees have off.
There are no laws requiring you offer floating holidays, but some employers choose to offer them as one of their perks to employees. To stay compliant it’s typically best to treat them like any other paid vacation time you offer, and as always, make sure you lay out your full PTO policy in writing so your employees have everything at their fingertips.
Updated September 26, 2017
This article provides general information and shouldn’t be construed as legal, benefits, or HR advice. Benefits and insurance regulations may change over time and may vary by location and employer size. So, please consult a licensed broker or appropriately certified expert for advice specific to your business’s benefits options.