From the course: Human Resources: Payroll
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Holiday pay
- To pay or not to pay is the question. Does your company pay for holidays and how do they determine who gets paid and when the pay occurs? In the US, the Fair Labor Standards Act does not require employers to provide time off, paid or unpaid for federal holidays. This is still a choice that an employer can make independently. The US is the only industrialized country in the world who does not have a national paid holiday policy. In contrast, Austria gives a minimum of 13 paid holidays a year. What I suggest is, when you're creating holiday policy, just be consistent with all of your employees. Floating holidays are a great way to honor every person's own personal or religious holidays by letting them choose what holidays they want to observe. If you have nonexempt employees, you do not have to pay for the holiday time off. Rather, you only have to pay your nonexempt employees for the time they worked. But it's a wise…
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