Getting started with floating holidays?
Here’s a quick read that can help you set up floating holidays in your company. Looking for a tool that can help you with it?
A floating holiday is a paid day off that does not fall on a fixed date .i.e., it can fall on any day that the employee sees fit, or it can be a day from a preassigned list of cultural, religious, or governmental holidays. Also called optional holidays, they are offered in addition to the regular paid time offs.
Most organizations choose to provide floating holidays, although no laws mandate it. It is usually done to attract new talent and boost the morale of the existing employees. It is seen as an inclusive practice wherein you respect your employees’ diverse sentiments and give them the space to follow them. Employees can also choose to use this holiday to attend to their errands, spend time with their family, or chill out.
Although Floating holiday bears a resemblance to Paid Time off or PTO where it is the employees’ discretion to use it, it differs in terms of availability. That said, it is entirely dependent on the organization to enable floating holidays since there are no federal laws around the implementation of floating holidays.
Freshteam lets you handle floating holidays as optional holidays pre-assigned on certain religious/cultural holidays and allot a set number of days to each employee that can be used on these specified days
With holiday calendars, PTO policy, and optional holidays within their reach, your employees can plan their holidays way ahead and keep their managers in the loop beforehand to avoid last-minute deadlines and work pressure.
PTO meetings often seem to be confrontational. With PTO approval, every manager knows about the employees’ unavailability, helping them plan and ensure that work happens smoothly.
Identify employees who have been defaulting on time offs, check your team’s availability, see who has availed or exhausted optional leaves, and a lot more, with Freshteam’s insightful HR Analytics.
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