MONEY MATTERS

Most countries around the world have labor laws that mandate employers give a certain number of paid time-off days per year to workers. Nearly all Canadian provinces require at least two weeks, while in most of Europe the minimum is higher. US[1] Where law does not mandate vacation time, many employers nonetheless offer paid vacation, typically 10 to 20 work days, to attract employees. Under US federal law, employers usually must compensate terminated employees for accrued but unused vacation time. Additionally, most American employers provide paid days off for national holidays, such as Christmas, New Years, Independence Day, Memorial Day, Labor Day, and Thanksgiving.

While US federal and most state law provides for leave such as medical leave, there are movements attempting to remove vacation time as a factor in the free-market labor pool by requiring mandatory vacation time.[citation needed]

Countries (such as the United Kingdom and Denmark) or particular companies may mandate summer holidays in specific periods. These present issues to parents planning vacations, since holiday companies charge higher prices, and parents have an incentive to use their work vacation time in term time.all inclusive resorts

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