I too have doubts on this concept.....
but one thing is sure, it is to support and encourage the flexible timing concept to help the employees. It helps when you need only few hours off from the work, but you will have to lose the whole day for the same, you may feel waste of holiday, this helps you to utilise the same holiday twice. helps a lot when you have medical appointments, need to attend a social function.......
I have observed lot of myths as to this concept, like employees think as I said above merging two half in to one, some think, if you take holiday three days in a row but in between day was holiday, yet your leave will be considered for three days instead of two.......
some others say, it is taking half day on Saturday and half day on Monday, and also Saturday and Monday merged with Sunday as three days paid leave......
It would be helpful if anyone can explain in details if it's adopted in their companies and have utilised such leave options and understood well..... Thank you