Holiday Pay is compensation provided to employees for working or being off on designated holidays, often at a premium rate or as a paid day off, depending on company policy.
- What is holiday pay?
Answer: It is compensation for working or being off on designated holidays. - Is holiday pay required?
Answer: It is not federally required but may be mandated by state laws or contracts. - What is a typical holiday pay rate?
Answer: It may be 1.5x regular pay for working holidays. - Who qualifies?
Answer: Full-time employees often qualify, per company policy. - How is it managed?
Answer: HR tracks holidays and adjusts payroll accordingly.
