What Is the Definition of a "floating Holiday"?
Last Updated Apr 3, 2020 6:21:03 AM ET

Floating holidays are flexible paid days off which are sometimes granted by employers. Although employees in salaried positions are often granted days off in observance of common religious and civic holidays, there may be employees who do not celebrate the same holidays as the majority of their colleagues.
It is not a legal requirement for employers to allow floating holidays, but it is in the best interest of a growing number of diverse workplaces. A Jewish employee can use a floating holiday to observe Hanukkah if it falls on a different date than Christmas. Otherwise, employees are allowed to use floating holidays for any reason they see fit.
More From Reference

What Is the Financial Independence, Retire Early Movement — and Has the Pandemic Changed It?

4 Investing Lessons We Can Learn From Warren Buffett's Stock Portfolio

Here's How a Pre-IPO Investment Helps You Fund Startups

Where to Buy Cryptocurrency: A Guide for Beginners

The Question of Congressional Term Lengths and Limits

PPP Loan Forgiveness Requirements for Small Businesses