Benefits
Holiday Pay
Compensation for company holidays or work on holidays.
Definition
Holiday pay refers to pay employees receive for company-designated holidays when they don't work, or premium pay for working on holidays. There is no federal requirement for private employers to provide paid holidays or premium pay for holiday work, though many employers offer both as benefits.
Quick Facts
- Term
- Holiday Pay
- Category
- Benefits
Related Terms
Helpful Resources
Explore More Terms
Short-Term Disability (STD)
Insurance providing wage replacement during temporary medical leave.
Long-Term Disability (LTD)
Insurance providing wage replacement for extended medical conditions.
State Disability Insurance (SDI)
State-mandated programs providing temporary disability benefits.
Workers Compensation
Insurance covering work-related injuries and illnesses.
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