Emotional salary, how can you apply it in your office?

by time news

2023-10-14 01:00:56

The most important factors for candidates to accept a position are the work environment, professional development opportunities and, above all, a balance between work and personal life.
From food vouchers to flexible schedules, these are some of the emotional salary modalities most valued by employees.
According to Randstad’s Employer Brand Research 2021, for 35% of young people aged 18 to 24, salary is not the main element to accept a job.

Being in charge of a health business is quite complicated due to all the responsibilities it entails. One of the biggest is forming a successful work team. To foster a pleasant environment, it is necessary to offer all the tools to carry out their tasks. While one of the most valued remunerations is the emotional salarybut do you know what it consists of?

In recent years, the priorities of companies in Mexico when it comes to attracting human talent have been transformed like never before. And there is a key element in the labor market that new generations of collaborators value in the same way or, on some occasions. In addition to financial remuneration, there are also other benefits that they wish to receive.

“In this context marked by high turnover and the difficulty of attracting the most suitable collaborators to fill new vacancies, emotional salary is positioned as an excellent strategy to stand out in this strong competition to attract the best talent,” explains Haydeé Jaime. , Marketing Communications Specialist at Pandapé.

What is emotional salary?

We can define emotional salary as a set of benefits, beyond the purely economic ones, that make a company’s teams feel comfortable. These contribute to improving your quality of life, well-being, and positively impact your perception of being appreciated. In turn, it drives their performance and, therefore, the business results, which in this case can be a doctor’s office, clinic or hospital.

Some hard data reflects this change in the work paradigm. According to this recruitment and talent management platform, the most important factors for candidates to accept a job – even above the salary offered – are the work environment (27%), professional development opportunities (41%) and of course the long-awaited balance between work and personal life (35%).

Emotional salary: how to implement it?

It is for this reason that companies must understand that to attract the most suitable candidates, they must begin by addressing these needs. Thus, implementing a policy of emotional salary and contributing to the work happiness of employees requires a strategic vision and tools that allow better decision-making.

Most common types of emotional salary

Flexible schedules. Food vouchers. Reconciliation between personal and work life. Work environment and company culture. Opportunities to develop skills and knowledge. Recognition of achievements and compensation, where visibility is decisive.

According to Employer Brand Research 2021 de Randstadfor 35% of young people between 18 and 24 years old, salary is not the main element to accept a job, something that does not happen in the case of employees between 55 and 64 years old.

The happiness of employees no longer depends solely on the amount of money that a company can offer them, which is why emotional salary is becoming increasingly important, although it must be accompanied by a fair salary.

Also read:

Main disadvantages of being a doctor today: Salary, emotional exhaustion and more

Ranking of the medical specialties and subspecialties with the highest salaries (2023 edition)

Emotional salary, what are the best payments for your collaborators?

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