How do floating holidays work?

Several things to remember when determining your company's policies concerning floating holidays include:

• Exactly when can employees use floating holidays? You can give your employees free reign in determining the use of their floating holidays or designate certain days when they might be used.

  This all depends on your own business and its operations. You can also specify that floating holidays can only be used for certain days, like the ones listed above.

• The number of floating holidays granted to employees. You also have to determine the number of floating holidays you will allow employees to take in a given work year.

  Most companies with a floating holiday policy limit it to two days per work year. Other factors can also determine this, like how long each employee has worked for the company.

• The specific protocols for requesting the use of a paid holiday. Lastly, you need to figure out how far in advance your employees must request a floating holiday.

  Also, you should determine if they must first seek the approval of a manager or supervisor before they can request the usage of a floating holiday. You can employ a tracking system to help organize the process. It can be a system much like ones for:

  • Paid leave

  • Sick leave

  • Vacation time