Floating holidays are a kind of paid vacation offered to employees by the company. The employees use these holidays, especially during religious or cultural festivals that aren’t included in the company’s paid holidays list. Floating holidays promote healthy work-life balance, contribute to flexibility, and boost company’s and employees’ morale.
Floating holidays are essential as it provides a sense of flexibility for the employees. These are the additional benefits offered by the organization to the employees to promote a healthy and balanced work-life and boost employees' morale.
Floating holidays are not mandatory for any organization but it is acceptable to provide the employees an optional holiday based on the religious observations.
Floating holidays are taken as a single-day off and vacation leave is taken as a combination of various leaves. In addition, floating holidays are paid but a vacation holiday can be paid or unpaid depending on the number of days.
Floating holidays are divided by the organization on how many days can be granted as holiday. However, the employees can decide upon when to use them.
As floating holidays do not fall under a certain date or time, they can be used as per the employees needs.
Floating holiday policy should consist of the following aspects;