2023-12-14 22:00:09
During the last years the emotional salary has become a decisive factor that improves health of workers in organizations. It is also an aspect that works as motivation to increase group performance. For this reason, it is worth knowing both its definition and all the benefits it offers.
What is emotional salary?
This concept refers to the set of emotional rewards beyond the monetary ones that companies offer their workers. It ranges from food vouchers to additional days off or being allowed to leave an hour earlier.
Currently it is a fundamental factor to be taken into account by companies. A high emotional salary translates into greater satisfaction and, consequently, a lower turnover rate and greater talent retention.
With this in mind, 6 out of 10 job seekers prioritize companies that care about personal well-being, flexibility and a healthy work environment, according to A study of the MX Internet Association.
“Given this, companies in the country must have schemes and strategies that allow them to offer their collaborators a balance between work and personal life. Therefore, emotional salary is a determining aspect to increase satisfaction, strengthen work culture and promote positive results even in times of salary restrictions, which results in cost optimization, while becoming an effective tool for attract and retain talent, reduce absences, reduce staff turnover rates and, ultimately, improve the productivity and profits of the company,” explains Mauro Borochovicius, Regional Director of Benefits Edenred for Latin America.
How does emotional pay improve workers’ health?
1. Reduced stress and increased well-being
To counteract burnout and job dissatisfaction, it is crucial to reduce stress and improve team well-being. To achieve this, it is very positive to implement flexible schedules or the remote work option, which facilitates a balance between work and personal responsibilities, reducing tension and stress.
Likewise, providing rest spaces in the workplace and fostering a positive environment are key elements for employees to relax and recover, significantly contributing to improving their physical and emotional well-being.
2. Greater productivity with recognition
When employees experience satisfaction and recognition, their level of productivity and efficiency usually increases. Offering growth and training opportunities contributes to the continuous development of their skills and knowledge, allowing them to perform more effectively in their roles and contribute greater value to the organization.
In this way, the focus on emotional salary highlights the importance of implementing continuous training, coaching and mentoring options.
3. Improves the prestige of workplaces
Companies that care about the well-being of their staff and strive to create a favorable work environment improve their employer brand image in the market, which attracts the best talent. One option to pay for this reputation is to offer benefits to candidates, which directly affect emotional salary, such as digital vouchers. Here, platforms like Edenred offer solutions for these specific uses, dedicated to food and motivation, such as gift cards, food and restaurant vouchers, transportation, daycare, among others.
In conclusion, the emotional salary emerges as a crucial factor given the growing preference of candidates for companies that prioritize personal well-being and a healthy environment.
In this panorama, it is important to address the need to balance work and personal life as an essential strategy for the growth of companies, where the reduction of stress, increased well-being, greater productivity and improved image stand as fundamental pillars for building environments. motivators and competitive companies from the present.
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