What is emotional salary?

Emotional salary refers to the non-monetary compensation that an employee receives, whether:

Personal growth, free time, and opportunities for professional and personal growth are just some examples of emotional salary. The purpose of emotional salary is to positively achieve employee satisfaction and engagement, which translates into improved performance and a better work environment.

The new generations no longer just want a good salary, but need a different kind of compensation. Compensation that helps them maintain a balance between their personal and professional lives.

People who have the opportunity to have flexible schedules and have their work recognized are more productive.

Furthermore, having a boss who recognizes good work, a high level of autonomy in performing tasks, and opportunities to learn and grow can foster commitment and generate employees who are loyal to the company.

What are the advantages of emotional salary?

There are many, however, we can point out the most important and fundamental ones for the company:

• Reduce staff turnover.

• Improves the company's positioning and recognition as a best place to work.

• Satisfied and motivated employees with high levels of productivity.

• Considerable reduction in absenteeism.

• Reduction of staff training costs.

It's important to listen to employees' needs, keeping in mind that these actions can lead to better results. And remember that making employees' lives easier helps them balance work and family life.

All of these actions, which complement the salary, make employees feel happy, but above all, valued and listened to, and this positively impacts their quality of life.