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Rise Glossary

What is a Paid Holiday?

A paid holiday is a day off from work that an employee is paid for, instead of being docked for the time off. This is a benefit offered by some employers to their employees as a form of compensation or perk. Paid holidays may include recognized national holidays, such as Christmas or Labor Day, or other days designated by the employer, such as an employee's birthday. The number of paid holidays and the conditions for taking them can vary depending on the employer and the employee's contract or agreement.