2023 Holiday Practices Survey Executive Summary2023 Holiday Practices Survey

Guide / Time Away From Work

Organizations offer various versions of paid time off (PTO) to their employees—sick time, vacation, holidays, sabbaticals, parental leave, and floating holidays. As organizations focus on attracting and retaining top talent, updating or creating a solid holiday pay plan is one way to demonstrate your employee value proposition (EVP) to future and current employees. While there is no law that requires an employer to pay employees for unworked holiday time, it is a valuable benefit for employees in all positions and industries.

Holiday time off, or holiday pay, is unique to each employer, with many factors going into determining the right fit for each organization. Paid time off benefits, including holidays, should be clearly outlined in the employee handbook. It is important to clarify which holidays will be observed, when the office will be closed, and whether employees will be paid. It is also suggested to include how missed days prior to and following the holiday will affect eligibility for pay on those designated days.

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