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Comment by Scoundreller | Hacker News Reader

At least in North America we get every observed holiday on every year. There are places (hi France) where if it falls on Sat/Sun and if you're a M-F employee, you just don't get that holiday that year. Of course you have a pile of vacation time to use if you want.

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>At least in North America we get every observed holiday on every year.

Ah, but that's not so. For example, if New Year's Day falls on a Saturday, then the NYSE doesn't observe the following Monday as a holiday - happened in 2022, for example.

Look up NYSE rule 7.2 - a public holiday that occurs on a Saturday is typically observed on the Friday prior to the holiday, except in cases where that would interfere with quarter-ends and other unusual circumstances. This is why the New Years Day observance is sometimes skipped - December 31 is a quarter-end.

They also avoid being closed more than 3 consecutive days, which is why they are open for trading on Black Friday (but they do close early!).

ah, thanks for reminding me. I had some Canadian investments to move that day, and I could see if it made sense to move it at the "frozen" price that day (Canadian markets were closed), or better to wait for them to drop the next day. Saved me tens of tax dollars!

Dumb tangential question

When you guys quote salaries in monthly figures.. Is the hourly rate fluctuating month to month based on the number of weekends and holidays? Or it vis a vis some standard amount of work days?

Also in Finland your effective hourly rate can fluctuate by year. That is if your salary is monthly. Depends on sector, but the hours worked depend on things like if you do shift work.

Rate tends to be set annually and prorated monthly or biweekly. Bills tend to be monthly, so the latter is kind of a PITA.

You usually calculate it on a yearly basis.

Yearly wage / yearly hours works

I know our american friends live to work but 25 days vacation isn't even that much.

Most Americans have something like 0-15 paid vacation days.

It's a lot less than 365, it's true.

I could've expanded but for senior engineers or managers in europe it's generally easier to get better vacation packages even before adding in public holidays. I know I value extra 10 days of vacation more than like $50k/year extra on my salary.

In Italy you always get compensated for those holidays, always, either with money (so you're paid an additional day) or additional vacation days.

Doesn't France come with 25+10 holidays, though?

No. It's 25.

Th +10sih comes if you work more than weekly hours, or if you have a day-based contract (i.e. you don't count hours).

Most day-based contracts are written saying "you owe x days to the company in a given year", so a holiday on a weekend becomes irrelevant.

The +10 (or whatever it is) fluctuates by year is my point.

I'm not talking about public holidays, but turns out it's 2.5 days for each worked month - so 30 per year excluding the public ones

It's 30 days including saturdays, or 5 weeks ; which means it's actually 25 days.

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