Restricted Holiday | Meaning and Definition

What is the meaning of a restricted holiday?

In Indian leave management policies, restricted holidays are given. Holidays of this type are optional, and it is up to the employee to decide whether he/she would like to take advantage of them or not. There is a limit to the number of holidays an individual can take in a year. Rakshabandhan, for instance, is a Hindu festival that can be celebrated optionally or with restrictions. In order to promote the cultural pluralism of the country, employees are allowed to take leave of the holiday.

A list of available leaves that were created by the HRM can be accessed by employees voluntarily, but the quantity is limited by company policy.

HRMs should explain clearly how and when floating holidays are to be implemented because it may negatively affect the productivity of the business. It could result in the employee taking optional leave during the important week of the month.