Floating holiday
Workforce Management Glossary
Floating holiday
What is a floating holiday?
A floating holiday is a paid day off that employees can take at a time of their choosing. It can be taken in place of a Public Holiday, but it doesn’t need to be. It’s called a floating holiday as the day it can be taken is not set and ‘floats’ or moves year-on-year.
Why would a company or organisation implement a floating holiday for their employees?
Floating holidays are different from sick leave, PTO (Paid Time Off), or regular time-off requests. They are a fantastic way for organisations to show their employees that they value flexibility, work-life balance, and support cultural and religious diversity. Multicultural employees and foreign workers may use their floating holiday to observe a day that holds significance for them. These occasions may include Chinese New Year, Diwali, Eid al-Fitr, Eid al-Adha, and Hanukkah.
How can an organisation manage the tracking of floating holidays – with remote employees, offshore teams, hybrid workers, and independent contractors?
Organisations that aren’t automating their workforce management, HR, and payroll are missing many benefits. It saves time, money, and unnecessary stress for both employers and employees.
Need a helping hand? With Roubler’s agile, scalable, all-in-one workforce management platform and online leave management calendar, dealing with floating holidays is always a breeze.