HR Glossary

What is Bank Holiday?

A public holiday in the United Kingdom on which banks, most businesses, and government offices close, with employees entitled to a day off under their employment contract rather than by automatic statutory right.

Why it matters in hiring

Bank Holiday comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with B

• Background Check
• Background Verification
• Bahrainization (Bahrain)
• Balanced Scorecard
• Base Salary
• Behavioral Interview
• Behaviorally Anchored Rating Scale (BARS)
• Bell Curve (Forced Distribution)

Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.