Floating Holiday
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A paid day off granted by an employer that an employee may use at any time during the year, often to observe a personal, cultural, or religious holiday not covered by the standard company calendar, such as Diwali, Lunar New Year, or Yom Kippur. Common in the United States, floating holidays reflect growing employer recognition that holiday schedules are not culturally neutral and that flexible leave is essential to building an inclusive and equitable workplace.