What is a floating holiday and why is it different than PTO (Paid time off)?
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They’re basically the same for most companies. The only difference is typically PTO hours roll over from year to year, and floating holidays are use them or lose them.
Some companies also designate what days can be used for floating holidays. For example, they may say you can use your floating holiday on presidents Day, MLK day, Veteran’s Day, etc.
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