2.1.13 Paid Holidays (2024)

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Approved by the Vice President for Human Resources.

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Formerly Known As Policy Number: 22.12

This Guide Memo describes University policy on designation of and payment for holidays. Review current University holidays on the Cardinal at Work website.

Applicability:

Applies to Stanford University employees not covered by collective bargaining agreements. For policies that apply to employees covered by collective bargaining agreements, refer to the agreements between Stanford University and SEIU Higher Education Workers Local 2007 and Stanford University and the Stanford Deputy Sheriffs' Association. Agreements can be found at . This policy does not apply to contingent employees.

1. Eligibility for Paid Holidays

  1. Regular staff employees (those appointed for six months or longer on a continuing or fixed-term basis and for at least 20 hours a week) are eligible for paid holidays starting with the first day of employment. Contingent employees are not eligible for paid holidays.
  2. To receive holiday pay, an employee must work or be on previously approved paid leave status on their regularly-scheduled work day, both immediately before and after the holiday. The sole exceptions are employees on seasonal/temporary layoff, or employees with approved unpaid leave status beginning the day after or ending the day before the holiday.
  3. Employees whose last day of work precedes a holiday are not eligible for holiday pay.

2. Days Designated as Paid Holidays

a. Scheduled Holidays

The days designated by the University for the observance of the following holidays are scheduled each year by the Cabinet. Those dates are normally scheduled as listed below:

Days Designated as Paid Holidays
Holiday NameDate of Holiday
New Year's DayJanuary 1
Martin Luther King, Jr. DayJanuary - third Monday
Presidents' DayFebruary - third Monday
Memorial DayMay - last Monday
Independence DayJuly 4
Labor DaySeptember - first Monday
ThanksgivingNovember - fourth Thursday
Friday after ThanksgivingNovember - as stated
Winter HolidayDecember 24
Winter HolidayDecember 25
Floating HolidaysSee Section 5 below

3. Policy When A Holiday Falls on a Saturday or Sunday

A holiday that falls on Saturday is observed by the University on the preceding Friday. A holiday that falls on Sunday is observed on the following Monday. When December 25 falls on Saturday and the Winter Holiday is observed on Friday, the December 24 Winter Holiday is observed on Thursday.

4. Policy When a Holiday Falls During Winter Closure

The University may have a winter closure during the work weeks that include the Winter Holidays or New Year's Day holiday.Employees in operational units that observe winter closure will receive holiday pay for holidays that fall during the closure, and may use available PTO, floating holidays, accrued vacation, unpaid time off, or any combination of these, on the remaining closure days. See Administrative Guide Memo 2.1.8:Miscellaneous Authorized Absences.

5. Floating Holidays

a. Floating Holiday Policy

For regular, full-time employees, 16 (sixteen) hours of floating holiday are available on January 1 (or date of hire for employees hired after January 1) and can be taken on any day or partial day within that calendar year that is mutually agreed upon by the employee and supervisor. For employees working less than full time, the amount of time credited as floating holidays are prorated based on the employee's regularly scheduled work hours.

b. Reporting Floating Holiday Time

  • Non-Exempt Employees:Record all floating holiday time taken during a pay period in the human resources management system (Axess/PeopleSoft HRMS).

  • Exempt Employees:It is not necessary to report any floating holiday time less than four hours. For reporting purposes of four or more hours, record a minimum of four hours or the actual time taken if over four hours.

c. Floating Holiday and Winter Closure

Employees may "borrow" up to their full amount of the next year's floating holidays to cover time that would otherwise be unpaid during winter closure.

d. Guide to Supervisors: Floating Holiday in Cases of Termination

If an employee is to be terminated and the earned floating holidays have not been used by the employee, arrangements should be made for the employee to take the floating holidays prior to termination. If this is not possible, report the unused floating holidays on the Termination Web Form. The employee will receive regular pay for the holiday.

e. More information

For more information, contact your local Human Resources Manager (HRM). For a list of HRMs, please see thePublic Listing of Stanford HR Managers and Associates on the HR at Stanford website.

6. Holiday Pay Policy

a. When Day of Holiday Observance Falls on a Scheduled Work Day and Employee Does Not Work on That Day

  • Full-time and Part-time Exempt Salaried Staff- Full-time and part-time exempt salaried staff receive regular pay for the day.

  • Full-time Non-exempt Regular Employees- Full-time non-exempt regular employees receive up to eight hours of regular pay for the straight-time scheduled hours for the day.

  • Part-time Non-exempt Regular Employees - Part-time non-exempt regular employees receive pay either for their straight-time hours scheduled for the day, or for the number of hours obtained by dividing their normal number of scheduled weekly work hours by five days, whichever is greater.

b. When Day of Holiday Observance Falls on Employee's Scheduled Day Off and Employee Does Not Work on That Day

  • Full-time Exempt Salaried Employees- Full-time exempt salaried employees receive another day off with pay in the same calendar year, or when the employee's department determines that another day off is not feasible, eight hours are added to personal time off effective January 1 of the following calendar year.
  • Part-time Exempt Salaried Employees
  1. When a normal work schedule is thesame number of hours daily for five days per week, the employee receives another day off with pay. However, if the employee's department determines that time off on another day is not feasible, the hours are added to personal time off.
  2. When work schedule isfour or fewer days per week or varying numbers of hours dailyduring each week, the employee receives time off with pay on another work day for the number of hours obtained by dividing the normal number of weekly hours by five days. However, if the employee's department determines time off on another day is not feasible, the hours are added to personal time off.
  • Full-time Non-exempt Regular Employees- Full-time non-exempt regular employees receive another day off with regular pay, or when the employee's department determines another day off is not feasible; the employee receives an extra day's pay at one and one-half times the straight-time rate.
  • Part-time Non-exempt Regular Employees- Part-time non-exempt regular employees receive another day off with regular pay on another workday either for the straight-time hours normally scheduled for the alternate day off, or for the number of hours obtained by dividing the normal number of weekly work hours by five days, whichever is greater.

c. When Employee Works on Day of Holiday Observance

  • Full-time and Part-time Exempt Salaried Employees- Full-time and part-time exempt salaried employees may receive partial or full compensatory time off when authorized by the supervisor as appropriate for the operational circ*mstances.
  • Full-time Non-exempt Regular Employees- Full-time non-exempt regular employees receive time and one-half pay for the hours worked on the holiday and either another day off with regular pay in the same pay period, or, when time off cannot be provided, eight hours of extra pay (including shift premium, if applicable).
  • Part-time Non-exempt Regular Employees- Part-time non-exempt regular employees receive time and one-half pay for the hours worked on the holiday and either time off with pay for the same number of hours within the pay period, or, when time off cannot be provided, extra pay for this number of hours.
  • Temporary or Casual Employees- Temporary or casual employees, including student employees, receive the established straight-time rate of pay for the time worked or the overtime rate if any time actually worked exceeded eight hours in a day or 40 hours in a work week.

d. When Day of Holiday Observance Occurs While Employee is on Leave

  • When the employee is onvacation, sick leave, or other paid leavefrom which the employee is expected and scheduled to return to work, the time shall be charged as a paid holiday rather than as vacation, sick leave, or other paid leave.
  • When the employee is receivingLong-Term Disabilitypayments, theywill not receive holiday pay.
  • When the employee is ona seasonal/temporary layoffperiod not exceeding 25 calendar days, regular holiday pay for the employee's normally scheduled number of hours will be paid upon the employee's return to work.
  • When the employee is on anunpaid leave of absence,theywill not receive holiday pay.

Related Policies

  • 2.1.6 Vacations

    This Guide Memo describes university policy and procedures on accrual and use of vacation leave.

  • 2.1.7 Sick Time: Regular Staff Employees, Regular Academic Staff-Research and Regular Academic Staff-Professional Librarians

    This Guide Memo describes paid sick time accrual and usage policies for regular staff employees, regular academic staff-research staff, and regular academic staff-professional librarians, except clinician educators in the...

  • 2.1.8 Miscellaneous Authorized Absences

    This policy summarizes absences, paid and unpaid, approved by the university.

  • 2.1.17 Layoffs

    This Guide Memo outlines Stanford University's policies and procedures for carrying out the temporary, seasonal or permanent layoff of employees.

  • 2.2.1 Definitions

    This Guide Memo defines various types of academic and non-academic employees, and other groups who have a specified relationship with the University.

  • 2.3.5 Disability and Family Leaves

    This Guide Memo describes medical and other disability-type leaves, and the coordination of these types of leave with University benefit plans.

2.1.13 Paid Holidays (2024)

FAQs

What is a good number of paid holidays? ›

Though the national average is 7.6, statistics show that 21% of U.S. employees receive six paid holidays per year. The most common paid holidays in the United States are Thanksgiving, Christmas, Independence Day, New Year's Day, Memorial Day and Labor Day.

What is holiday pay calculator? ›

Method 2 formula: (Hours worked x hourly wage x 1.5) = Holiday pay. Based on the same numbers above, you'd use the second formula to calculate: 6 hours x $15/hour x 1.5 = $135. So, you'd effectively be paying the employee their standard hourly wage plus an additional 50% for every hour worked on the holiday.

What is an example of holiday pay? ›

If you offer time-and-a-half pay for working on a holiday, you take the employee's regular hourly rate and add half of that rate. For example, if an employee's regular pay rate is $12 per hour, their holiday pay would be $18 per hour.

Is 14 vacation days good? ›

If they're talking specifically about vacation days, then 10-20 days of paid vacation is very good. You'll be getting anywhere between two and four weeks off work per year, all of which is paid – and it doesn't include sickness or holidays!

What are 13 holidays? ›

Holidays
  • New Year's Day January 1.
  • Martin Luther King's Birthday 3rd Monday in January.
  • Washington's Birthday 3rd Monday in February.
  • Memorial Day last Monday in May.
  • Juneteenth National Independence Day June 19.
  • Independence Day July 4.
  • Labor Day 1st Monday in September.
  • Columbus Day 2nd Monday in October.

Is 13 days of PTO good? ›

Key Takeaways: The average PTO for someone who's worked for 5 years at a company with 1-99 employees is 13 days, but for a company with 100+ employees that number increases to 16 days.

How do you calculate holiday? ›

The basic way to work out how many days holiday an employee is entitled to is to multiply the number of days a week they work by 5.6. That gives someone working a five-day week the 28 days we've already mentioned. Someone who is part-time and only works three days a week would be entitled to 3 x 5.6 = 16.8 days.

What is time and a half for $20 an hour? ›

Assume an employee earns $20 hourly during a 40-hour work week. Their time and a half pay would be $20 x 1.5 for a total of $30 an hour.

What is time and a half for $15 an hour? ›

The standard overtime rate is 1.5 times the employee's regular hourly wage. This number is also commonly known as “time-and-a-half.” So if one employee makes $15 per hour, their overtime rate is $22.50 per hour ($15 x 1.5).

How is holiday pay calculated in the US? ›

In the United States, holiday pay is typically 1.5 times the worker's average pay. It implies that the workers are paid the regular rate +1/2 of their standard rate for each work hour on holiday. Several private and public companies offer holiday bonus checks or paid time off during holidays.

What is time and a half for $17 an hour? ›

What is time and a half for $17 an hour – to find out what time and a half is for $17 per hour, you can multiply your hourly wage by 1.5. Time and a half is $25.50 per hour for $17 per hour.

What states pay holiday pay? ›

The United States has no federal law requiring private companies to offer holiday pay. Two states, Rhode Island and Massachusetts, have special laws about holiday pay. Companies are not generally required to pay non-exempt employees for days they do not perform work.

How many days off a year is normal? ›

According to the US Bureau of Labor Statistics, the average number of paid vacation days is 11 days. This average is based on a US employee working in the private sector, with 1 year of service. Taking weekends into account, this works out to just over 2 full weeks of vacation leave per year.

How many hours of PTO is 2 weeks? ›

Based on a 40-hour work week, you may want to give 40 hours (1 week of vacation time), 80 hours (2 weeks), or some other number in between. Based on the accrual method you choose, you can calculate how much time employees accrue each pay period.

Is 2 days enough for a vacation? ›

If you arrive the night before and leave the day after then 2 days can be just barely enough time to get some sense of a new city, particularly if you skip most tourist attractions, walk a lot, use public transit during rush hour, and spend time in grocery stores, restaurants popular with the locals, and just watching ...

What is the average number of paid holidays for US employees? ›

How many paid holidays are in a year? There are between 7.6 and 10 paid holidays per year depending on where you work. The Federal government provides at least 10 paid holidays per year, while the national average is still 7.6.

How many PTO days is normal? ›

The US Bureau of Labor Statistics reports that civilian and private industry employees typically get: 11 days per year after 1 year of service, 15 days per year after 5 years of service, 18 days per year after 18 years of service, and.

How much PTO is normal per pay period? ›

Biweekly is 26 pay periods per year. Semimonthly is 24 pay periods and monthly is 12. If you receive 120 hours per year and are paid weekly, you divide 120 by 52 equaling roughly 2.3 hours of PTO per period. Biweekly is roughly 4.6, semimonthly is 5 and monthly is 10.

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