An HR Glossary for HR Terms

Glossary of Human Resources Management and Employee Benefit Terms

Vacation Pay

What is Vacation Pay?

Vacation pay refers to paid time off taken specifically for vacations. It usually consists of an amount paid to an employee for time spent on vacation, with the goal of increasing employee satisfaction, engagement, and turnover rates.

For example, here at BambooHR, we offer a "paid paid" vacation to all of our employees. You can learn more about it here.