Holiday for 4-Day Work Week?

How do you handle the following situation?

You have a FT, exempt level employee who works a 4-day work week (M-Th). There are a few company-observed holidays this year that fall on a Friday. I believe it's up to the company policy as to how they want to treat this, but the employee is asking if she then can take a "floating holiday" at another time since the rest of the company has that Friday off.

Two questions:

- Any legal requirements this company has to give her this day at another time?

- If not, what are other employers doing in similar situations? Are you giving the employee an extra day off or not?

 

Thank you in advance!

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