Holiday Pay

What is Holiday Pay?

This refers to the alternative compensation an employer gives employees during holiday that may be a fully or partially paid time off, a bonus, or additional hourly pay for work performed on a holiday.

Why Holiday Pay Matters

Holiday Pay plays a key role in an organization’s total compensation strategy. Getting this element right helps attract qualified candidates, retain top performers, and maintain internal pay equity.

HR and payroll teams should regularly benchmark against market data and review calculations to ensure accuracy, fairness, and compliance with applicable wage and hour laws.