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Jul05

Holiday Pay

July 4th falls on Saturday this year. My company needs to stay open on Friday due to client demands. How should we handle holiday pay? Is there any law in Colorado that I must pay workers time-and-a-half for working on July 3?

There is neither federal nor Colorado state law that requires private employers to provide employees with time off for holidays or special compensation for working on a holiday. Such benefits are a matter of agreement between employer and employee.

It’s important to consider how your vacation policy is worded, if applicable. Do you guarantee employees holiday pay if they work only on July 4th? Or does the policy state that employees will receive holiday pay for working on the day in which you chose to recognize the July 4th holiday? Does your policy guarantee employees a day off in recognition of the July 4th holiday?

You don’t want to go against your own policy and you don’t want to create resentment amongst your employees. So, consider the wording of your policy and what you can financially afford to offer your employees.

This entry was posted on Sunday, July 5th, 2015 at 7:35 pm and is filed under
Benefits, Compensation.
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