On regular holidays, the covered employees are entitled to holiday pay equivalent to a regular daily wage even if no work is done. If the employer required work on a regular holiday, the employee is entitled compensation equivalent to twice the regular rate. There is no holiday pay in retail and service establishments regularly employing less than 10 employees.
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May the employer convert the holiday pay to other benefits?
During the long Christmas holidays, some businesses operated on regular holidays resulting in work being rendered by their employees. Although the law expressly requires that holiday pay should be paid, businesses looking to save tend to pay their employees through other benefits instead of the statutory monetary benefit. May businesses do so? Continue reading here.