I had a blog reader pose this question recently:
Short Answer? No. The federal law controlling overtime, the Fair Labor Standards Act (“FLSA”) make no distinction about which days employees can or cannot work. The FLSA requires overtime for hours worked in addition to 40 in one work week. Holidays do not receive any different treatment.
Practically, many employers pay more for working on holidays simply to be fair and motivate people to work on days when most people do not want to work.
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