Companies can do many things to make employees feel that they are valued. In the quest to attract and keep stellar employees, companies showcase what they’ve got in store for them. A generous mix of retirement plans, paid time off, leaves, health benefits, and dental benefits are some examples. Some companies also have what is called a floating holiday. Let’s find out more about it.
What is a floating holiday?
A floating holiday is a type of benefit provided by employers. It is a paid day off that an employee can take whenever they want. A floating holiday is independent of the employer’s roster of paid holidays and is not subtracted from an employee’s paid time off (PTO) and other vacation or sick days.
Are organizations required to offer a floating holiday?
No, a floating holiday is not a requirement for organizations. There is no federal law or anything in the Fair Labor Standards Act (FLSA) that requires employers to give floating holidays. This benefit is solely at the discretion of the organization.
What are the benefits of having a floating holiday?
It is no secret that work-life balance empowers employees. A floating holiday provides employees with an opportunity for flexibility and accommodates a plethora of diverse needs that employees have. It offers extra time that an employee can take to spend however they choose.
For example, employees can use a floating holiday to celebrate religious holidays that are not part of the organization’s paid holiday schedule. Having family and friends over for a birthday dinner? How about a special event at a child’s school? Do you need to take a day off for a mental health break? A floating holiday can be used for any of these reasons and more. The bottom line is, it is up to the employee to decide the reason.
Giving a floating holiday can make employees feel valued, improve employee satisfaction, and boost employee engagement.
I am an employer and I am thinking of giving employees a floating holiday as a benefit. What are some things that I must consider?
Just like any company requirement, benefit, and guideline, a floating holiday should be established through a written policy. In creating a floating holiday policy, you should be able to answer the following questions:
How many days is a floating holiday?
What is the period that an employee can take a floating holiday?
Is there a specific season or time in the year that an employee can take it?
Who is entitled to a floating holiday? Full-time, part-time, seasonal employees?
How long before a newly-hired employee can take a floating holiday?
What is the process for requesting a floating holiday?
Is there a lead time that an employee must follow before taking a floating holiday?
Who approves a floating holiday request?
Are there any restrictions on how an employee can spend a floating holiday?
Can an unused floating holiday be carried over to the next calendar year?
If an employee resigns without using a floating holiday, will it be converted to cash and included in the final pay?
The floating holiday policy must be clear and objective to avoid confusion. It must also be included in the employee handbook for reference.
Try out Workstream to hire employees for
A revolutionary hiring process for Hourly positions
A revolutionary hiring process for Hourly positions Hiring hourly staff in San Francisco can be a tough job. Workstream can help accelerate the process by letting you post on job boards like Indeed within seconds.
1-Click Job Posting
No more tedious copy and pasting. We integrate with all the top job boards. All applicants funnel into one intuitive dashboard.
Print out your unique QR code and text message number. Applicants scan/text to see all open positions and apply right away.
Automated & 2-Way SMS
Engage with applicants via text. Include links to screening questions, forms, and more. Use 2-way text to answer questions.
Connect Workstream to your calendar so applicants can schedule interviews. Streamline onboarding with background check & HR integrations.
Candidate Tracking & Scoring
View all your applicants and employees in one place. Make notes on their progress. Access their docs anytime from anywhere.
We provide templates for everything from job postings to offer letters. Send links to docs and tax forms via text message so new hires sign digital copies.
What other owners
think about hiring through Workstream
"It has cut my screening process significantly, allowing me to multi-task other duties and responsibilities instead of countless phone calls."
Air Ventures LLC
Currently hiring on Workstream for:
Host at Harbor Grille - $1000 Sign ...
Line Cook at 400 Degrees Hot Chicke...
Line Cook at Great Lakes Brewing Co
"Hiring faster. "
Currently hiring on Workstream for:
Chef Louie's Inc.
Post a job for free!
Try Workstream for free to post a job.
Workstream is an all-in-one hiring & texting solution based in San Francisco. Join thousands of happy hiring managers. Call or text message us:(415) 767-1006