When You May Want to Pay for Extra Bank Holidays<\/h2>\n\n\n\nPaying for an additional bank holiday is a gesture of goodwill between you and your employees. It recognises that your team needs an extra break. This will help build loyalty and trust with your talent. Some considerations you can make are around how productivity is managed in the days running up to and after the bank holiday. These days could make up for the lost time in work.<\/p>\n\n\n\n
When You May Not Want to Pay for an Additional Bank Holiday<\/h2>\n\n\n\n
If your business has been hit hard by the pandemic or Brexit then it may not be feasible to offer an additional paid bank holiday. Not every industry closes for bank holidays and for some, this may give them an additional boost to cash flow following a very disrupted couple of years.<\/p>\n\n\n\n
How you communicate your decision on the bank holiday is crucial. If you are closing your doors for the day but asking staff to take it from their statutory leave or unpaid, make sure you explain the decision and the reasons behind it to your employees.<\/p>\n\n\n\n
Remember that extra bank holidays will also impact childcare. While many parents and carers will plan for this as it is likely to fall into a half-term period, other carers may find their childcare options closed for the day. Take this into consideration when deciding whether or not you want to pay for the extra ba\\nk holiday or even open on that day. <\/p>\n\n\n\n
Finally, whatever decision you make as a business around the bank holiday you need to make sure that it is fairly applied across all members of staff. This means taking into account anyone who works part-time, flexible or on a zero-hours contract. By doing so, you\u2019ll be reducing your risk of grievances from employees who feel unfairly treated.<\/p>\n","protected":false},"excerpt":{"rendered":"
There is a new bank holiday to celebrate the Queen\u2019s Platinum Jubilee in June 2022. Extra bank holidays can cause confusion for employers. Do you need to pay for extra bank holidays? Is it an unpaid day off? Do you need to close up shop for that day at all? Or does it come from […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-756","post","type-post","status-publish","format-standard","hentry","category-holidays"],"yoast_head":"\n
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