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Holiday Pay

What is a Holiday Pay?

Any type of alternate compensation offered by an employer to workers during the holidays is referred to as holiday pay. That may be in the form of fully or partly compensated vacation leave, as well as a bonus or increased hourly wage for a job done on a holiday. Employers paying "time and a half," or 150 percent above regular hourly earnings, to workers who serve on holidays is the most prevalent concept synonymous with holiday pay in the United States.

Related: Paid Holidays, Federal Holidays