What is a floating holiday and why is it different than PTO (Paid time off)?
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Different regions have different laws regarding what you must be paid out for when you are fired/quit
Your employer may be required to pay out PTO but not floating holidays since they don’t pay out normal holidays (you don’t get paid for christmas if you quite in June)
Having “days off” in different buckets can let the employees get more flexibility and have more days without increasing the company’s liability. Aka you effectively get +1 vacation day per floating holiday but they don’t have to worry about paying you for it if they fire you
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