Providing your employees with paid holidays and vacations is a very basic benefit that isn't too costly to businesses. After all, payroll is a fixed expense each month. You plan on spending so much money per month on salary and wages. The companies that don't provide holiday and vacation pay benefits are very rare these days, and those that do exist probably won't neglect this benefit much longer.
In addition to paid holidays and vacations, businesses sometimes provide employees with time off with pay for their own personal business, a death in the family, jury duty and military reserve training. Some larger companies also provide predesignated coffee breaks for employees during work hours.
When forming your own time-off-with-pay program, you need to balance the benefit with what you can afford to provide in both compensation and productivity loss, and what your competition is providing.