Also known as floating holidays or personal days, are additional paid days off that employees can use at their discretion. Unlike traditional fixed holidays such as Christmas or Independence Day, floater holidays are not tied to a specific date or religious observance. Instead, they provide flexibility for employees to take time off for personal reasons or to observe holidays that are important to them but not recognized by the company's official holiday calendar. Floater holidays are typically offered as part of an employee benefits package and can be used for various purposes. Some employees may choose to use them for religious or cultural observances that are not covered by the company's standard holiday schedule. Others may use them for personal events such as birthdays, anniversaries, or family gatherings. Floater holidays can be used for mental health days, appointments, or other personal obligations. The specific policies regarding floater holidays can vary between companies. Some organizations provide a set number of floating holidays yearly, while others allow employees to accrue them over time. In some cases, unused floating holidays may expire at the end of the year or be forfeited if not used within a certain timeframe.
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What is a Floating Holiday?
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