what are floating holidays

A floating holiday is a paid day off that employees can take as a substitute for a public holiday. Unlike federal US holidays, which are set by the employer and typically include days like Christmas, Juneteenth, or Fourth of July, a floating holiday can be used by employees on any day they choose, such as personal or religious holidays, birthdays, or other special occasions. It is called a floating holiday because it "floats" or moves to the date when the employee takes it. A floating holiday is generally given in addition to the typical paid holidays that most employers provide as a benefit. Employers offer floating holidays to boost employee morale and attract top talent. A floating holiday can accommodate diverse needs and interests, such as taking the day off for a holiday that isnt part of the company's paid holidays but is important to the employee, or using it for any reason at all, whether it's to go fishing at the lake or just enjoy a quiet day relaxing at home. Some organizations only allow employees to choose their floating holiday on specific days, and some have policies on acceptable reasons to take a floating holiday.