How does a floating holiday differ from a regular holiday?

Regular holidays are fixed dates set by the company when all employees typically take paid time off. In contrast, floating holidays offer flexibility, allowing employees to choose when to take paid time off according to their personal, cultural, or religious preferences.

How many floating holidays can employees receive per year?

Floating holidays are completely up to the specific company policy; there is no legal requirement as of 2025. Some companies provide floating holidays in addition to standard vacation time, while others may substitute certain fixed holidays with floating options. The number often depends on the company's overall benefits package and the diversity of its workforce.

Can employees use floating holidays for any reason, or are they restricted?

Floating holidays typically have fewer restrictions than other types of time off, such as volunteer time off. Companies can require advance notice and manager approval to ensure adequate staffing. Some organizations may restrict their use during blackout periods or busy seasons.