What is the term for time allowed away from work with pay for holidays, illnesses, and personal matters?

The term that refers to time allowed away from work with pay for holidays, illnesses, and personal matters is "paid leave." This concept is essential in the context of employee rights and benefits, as it provides workers with the opportunity to take necessary time off without the risk of losing their income. Paid leave encompasses various types of absences, including vacation days, sick leave, and personal days, allowing employees to manage their personal and health needs while maintaining financial stability.

In contrast, other options refer to different scenarios. Unpaid leave indicates a period off work without salary, which does not support financial wellness during necessary absences. Mandatory leave typically involves required time away, often enforced by an employer or for compliance reasons, rather than being a benefit available upon employee request. Furlough generally refers to a temporary leave of absence typically due to economic necessity, where employees might not be paid or might receive reduced pay, unlike paid leave which ensures full compensation during the absence.