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Rise Glossary

What is a Floating Holiday?

A floating holiday, also known as a personal holiday or a discretionary holiday, is a type of benefit offered by some employers that allows employees to take a paid day off on a day of their choosing.

Floating holidays are typically in addition to the traditional set of holidays that an employer offers, such as Christmas and Thanksgiving. They can be used for any purpose, such as personal or religious observances, family events, or simply to take a day off for rest and relaxation.

Employers may set certain guidelines for the use of floating holidays, such as requiring employees to give advance notice or to schedule the day off in accordance with the needs of the business.

It's important to note that the use of floating holidays varies from employer to employer, some may offer them as a benefit, while others may not. Additionally, the number of floating holidays offered may also vary, some employers may offer a single floating holiday while others may offer more.

It's also important to check your company's policies and procedures regarding floating holidays, as they may have different rules and regulations.