This is overtime /vacation pay for our manufacturing company:
A holiday week is considered 32 hours actually worked at your regular rate of pay, plus 8 hours holiday pay at your regular rate of pay (for any observed holiday) which equals 40 hours. If you work on a paid holiday, you will receive an extra 8 hours regular pay.
Is this standard? Or is it a requirement that the employer pay 1 1/2 times the regular rate for the hours actually worked on the holiday, plus their paid time off for the holiday?

What does your company do? Your comments are appreciated.

While working for a major law firm in Denver, if a staff member (secretary or word processor) was requesting by an attorney to work on a holiday, the staff member would be paid double time. This policy was used in order to reduce the number of staff members being asked to work on a holiday. The attorney/paralegal was reminded that the staff member would be paid double time and most of the time, the attorney/paralegal would reconsider and not ask the staff member to work that day.

Otherwise, holiday pay was the normal hourly rate paid to the employee.

It is the law to pay employees AT LEAST 1 1/2 your hourly rate. If they pay you more, that's better for you!!!