Juneteenth, Now a Federal Holiday, Puts Companies to Work on a Response

  • 📰 WSJ
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

When President Biden signed legislation making June 19, or Juneteenth, a new national holiday, employers rushed to decide whether and how to give paid time off for the first new federal holiday in nearly four decades

& Co. said in a letter to employees that it will recognize the new federal holiday this year by giving all eligible U.S.-based employees one floating day off, and will recognize Juneteenth in the bank’s regular holiday schedule next year.

In a note to employees Friday, Goldman Sachs CEO David Solomon said the firm will give all of its U.S. employees a day off that can be used before the end of the year. Juneteenth—also known as Emancipation Day, Black Independence Day and Jubilee Day—marks the 1865 date when Maj. Gen. Gordon Granger arrived with federal troops in Galveston, Texas, and issued an order informing the last enslaved people in Texas that they were free. The day was observed at 9% of businesses before Congress moved to cement its status as a new federal holiday, according to a spring survey of 405 companies conducted by employer consulting firm Mercer LLC.

As more employers add Juneteenth to their holiday rosters, they may decide to subtract another holiday, such as Columbus Day or a floating personal day, but this year most will just add it to the calendar without tweaking other days, said Rich Fuerstenberg, a senior partner at Mercer.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

“Employers rushed” 😂😂😂 give me a break. The most that was likely done was send out a dumb email to their employees. Man you really are a shitty publication.

So which is it? June 19th or June 10th?

No word yet on USPS paying employees extra for working today

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here’s how big tech companies are celebrating Juneteenth, the new national holidayTech companies say they've planned observance programs amid the newly official federal holiday Juneteenth. No day off = They don't really care 😂
Source: CNBC - 🏆 12. / 72 Read more »