You’re probably familiar with the final scene in National Lampoon’s Christmas Vacation when Clark, expecting a large Christmas bonus, instead receives a one-year membership to the Jelly-of-the-Month Club instead.
While this swing-and-a-miss by his boss is (hopefully) an exaggeration of pay around the holidays, it does showcase how people depend on their paychecks and bonuses. This sentiment is even more true in winter when spending increases significantly.
It’s therefore critical for companies to understand, plan for, and deliver holiday pay on time. So, how do holidays like Thanksgiving and Veterans Day affect direct deposits?