Overtime is 1.5x the hourly wage in the U.S. This is federal law.
Holiday pay is usually 2-2.5x the hourly wage if the company requires people to work on set holidays. If it’s a day off, then it’s paid as PTO. This is not required by federal law but some states have requirements.
Shitty companies that view employees as costs, don’t pay Holiday pay. Around 20% of the workforce.
Good companies that view employees as assets have policies to keep employees. Like my companies most recent e-mail about the holiday schedule.
We will be closed from December 25th to January 1st. This is considered holiday pay and will not be deducted from your PTO.
Fo some reason have zero issues with recruiting good staff and keeping them.