Have you heard about emotional salary ?
Whatever your area in a company, you need to know what emotional salary is and its importance. If you are a company owner or human resources manager, do you know why you should offer it in your business?
Currently, emotional salary is a much discussed concept in the area of people management.
Today, a company needs to fight to keep its great talents collaborating in the company and for that it is necessary to take several actions that make the employee stay in the company.
Therefore, not only is money enough, it is necessary to be concerned about employees, and think about factors such as health at work, training and qualification of professionals, career plans and motivation in times of crisis.
We at Conexa Corporate will better explain all the details of the emotional salary, what it is, its importance for the company and its employees, what types of emotional salary are, how to offer it in your company and much more.
What is Emotional Salary?
Emotional salary is a set of actions and benefits related to health at work offered to employees of a company, something that goes beyond financial remuneration.
Therefore, this concept is applied to take care of employees, taking care of their mental health and preventing diseases such as Burnout Syndrome (mental illness that develops after an individual goes through exhausting work situations).
How important is emotional pay at work?
Emotional salary is of great importance in its application, both for the company and for its employees.
For this reason, this concept is so much discussed in the area of people management , as professionals in this area seek to guarantee its benefits for all parties involved in a work environment.
For the company
Many business owners may think that investing in emotional earnings is a waste of money.
However, they do not know that this investment positively affects the company. Investing in this application makes the company guarantee good results and become more competitive.
This happens because by investing in employees, you preserve and invest in unique talents for your company.
That way, if employees are doing well, then they work well and don’t look for other job opportunities.
In addition, employees who receive an emotional salary guarantee better results compared to employees who do not receive it.
This happens because many end up seeing work only as something exhausting and stressful, leading to poor performance, working in a discouraged way and looking for opportunities in other companies.
It is almost unanimous among human resource managers that demotivation leads to an increase in absenteeism rates , lack of punctuality and unwanted employee turnover.
for collaborators
Emotional salary is of great importance to employees, as it is directly linked to their mental health.
Therefore, this application, linked to emotional and motivational factors, generates several positive results for the employee, which makes his work less stressful, making him like and want to continue in this work.
The benefits given by the proposal of the emotional salary make the employee’s work routine less stressful, as it helps him in several situations that cause stress and, in the future, dislike for work.
In this way, the employee feels motivated to work , as he knows that he will be rewarded in the way he deserves.
Types of Emotional Salary
There are several types of emotional salary and these are very important for the employee and result in great results for the company.
Each company and each segment can work the types of emotional salary in different ways. The main types of emotional salary are:
- Agile and clear communication between the entire team;
- Flexibility in the work routine;
- Pleasant, positive, healthy and stimulating professional environment;
- Rewards and other benefits;
- Opportunities for personal development and professional growth;
- Recognition and appreciation for work and positive feedback;
- Individual Development Plans (PDI);
- Stimulus to new challenges and personal projects;
- Leisure programs such as gym, cinema and other activities;
- Inspiring and effective leadership;
- Actions on commemorative dates;
- Programs and training with a motivational focus and to promote self-knowledge.
What factors determine emotional salary?
To determine the emotional salary, it is necessary to rely on some factors. Therefore, the 9 factors that determine this application are:
Autonomy: Autonomy is a very important factor to determine emotional salary, as it guarantees more freedom to the employee to manage his own projects.
Belonging: It is important that the employee has a sense of belonging to the company, participating in a group that values and recognizes him.
Career plan: Having a career plan makes the employee have a projection of his future in the company. Thus, the employee creates a medium and long-term perspective on his career.
Creativity: Betting on and investing in the employee’s creativity is a good attitude to obtain new ideas and projects for the company, in addition to encouraging and valuing the employee’s talents.
Mastery of the role: Upon completing a job with good results, the employee feels satisfied and proud. This satisfaction makes him increasingly improve this function, becoming proficient in what he does and generating good results for the company.
Pleasure: Pleasure at work is fundamental for the employee and for the company. When we talk about pleasure, we mean enjoying pleasant moments of joy and fun at work.
Personal and professional growth: Personal and professional growth are two key factors in determining the emotional salary, as in personal growth the employee faces various challenges at work that help him or her to improve as a person.
Professional growth, on the other hand, is due to the results and improvements in their skills obtained after facing these challenges, making them a better professional.
Inspiration: Moments that inspire employees and give a new perspective and a new way of analyzing situations are very important for the employee. This makes the employee feel that he can expand his possibilities in his career.
Purpose: Having a purpose makes the employee resignify their work. This is important and essential for your work to contribute to your personal purposes and those of the company.
Top examples of emotional salary
There are several examples of emotional salary to apply in a company.
We brought 6 very important examples that are the most applied in business management, namely flexible hours, training and qualification, leisure spaces, social benefits, day care and child care and variable remuneration.
flexible hours
Offering a flexible schedule for the employee is an example of a very important emotional salary.
In many professions, especially those that can work remotely or from home offices, they do not require a specific work schedule.
In this sense, depending on your function, the company may allow a more flexible schedule.
This means that its employees can carry out a more adequate routine not only for work, but also for their hobbies, leisure activities and care for the home and family.
In addition, remote work can also be a good option for the employee, especially in times of a pandemic.
Therefore, if your function can be performed on a computer, letting you do your work at home can be a good option.
Promoting this type of work brings little cost to the company, but it can be configured as something extremely beneficial for the employee and for the company itself, which will have a more motivated employee.
In addition to the remote model, there are companies that also opt for hybrid models, where part of the week the employee stays at home and another part is at the company for meetings or deliberations that require their presence.
Training and qualification
Professional training and qualification is important for both the employee and the company.
Offering specialized training with specialists in the field for employees is an example of emotional salary.
Therefore, this investment is a great way to motivate employees to continue learning, improving their skills and expanding their knowledge in their area.
In addition, by investing in improving the skills of employees, the company invests in itself, because with a well-provided service, there are better results and, consequently, a good financial return.
leisure spaces
Another example of emotional salary is the creation of leisure spaces in the company. Space and work conditions directly affect the environment and the health of employees.
Therefore, creating a leisure space for the company’s employees is a good investment, as in this environment they can relax, rest and disconnect a little, renewing their energies.
Therefore, if there is a space in your company that is not being well used, create a leisure area.
This will certainly be a good investment and will bring more comfort and happiness to your company’s employees.
social benefits
Offering social benefits is yet another example of emotional pay. Therefore, in this application, the company must offer assistance and professional referral to employees, such as psychologists and other services related to mental health.
These benefits help prevent diseases such as burnout syndrome, anxiety disorders , as well as depression and acute stress .
In addition, offering treatment for the employee’s mental health shows that the company recognizes the performance of its employees and makes it able to maintain its talents.
This happens because employees feel appreciated and valued and therefore work better and more productively.
Nursery and child care
Another example of a very important emotional salary is aimed at employees who have children.
This application is related to a way to help employees with children to manage their care, offering assistance.
Therefore, companies can help their employees by offering vacancies in daycare centers, daycare assistance or other services that help provide care and attention to children.
In this way, employees are more relieved, as their children are receiving the necessary attention and care, which makes employees work more productively.
Variable salary
Variable compensation is another example of emotional salary and allows employees to choose, among the services offered by the company, the one that best fits their needs.
In this case, remuneration presents flexible ways of remunerating employees, which may be through days off, benefits, financial remuneration and others.
Therefore, to offer variable remuneration, the company should not focus only on target commissions.
It can also offer profit sharing and annual bonuses, in addition to other benefits, which can be chosen by the employee.
This is a way of recognizing the efforts of employees and valuing employees who are most committed and guarantee good results for the company.
In this way, the rewarded employee feels more and more part of the company due to the variable remuneration, increasing their engagement and leading to better results.
What is the relationship between emotional salary and organizational culture?
Organizational culture is a pattern of shared basic principles and ideas that have been learned by a group as they solve problems of external adaptation and internal integration.
In addition, organizational culture is one of the factors that contributes to the application of emotional wages, seeking the development of employees.
In this context, it is necessary to strengthen the company’s culture to guide its processes and achieve the best results in implementing emotional wages.
This brings even greater consequences, making the company even more attractive to new talent.
By doing this, that is, making the company attractive and creating a relaxed and motivating work environment, it creates an organizational culture with positive impacts in the short, medium and long term.
An example of a company with a great organizational culture is Google , which is one of the most attractive companies to work for and where many talents want to enter and continue their career .
How to offer emotional salary to your employees
To offer emotional salary to employees, it is important to recognize some points and qualities that professionals usually look for in companies and that also help to keep these talents in a company.
These points can be the opportunity for internal growth, healthy organizational climate, recognition for work, investment in your professional and personal learning and benefits and rewards.
By recognizing these points, it is enough to study its application and actually execute it. For example, many employees seek balance between their professional and personal lives.
That is, they don’t want to spend all their time working and miss important moments in their life, have stress problems or get sick.
Thus, the company can adopt a posture of attention to these matters, offering benefits such as more flexible hours, health benefits, as well as moments of relaxation (and decompression).
Get to know the profile of the collaborators
To implement emotional wages in your company, you need to carry out constant analyzes and know the profile of your employees.
This attitude must be taken by managers to understand what will be the best solutions to increase the satisfaction and productivity of the company.
It is necessary to know the profile of employees to offer benefits that are really advantageous for the team, after all, there is no point in offering benefits that are very good but do not fit the profile of your employees.
Have an engaged leadership
Another factor to think about when implementing emotional wages in your company is leadership.
In this sense, it is important that managers work to lead the development process of the entire team, providing a good organizational climate.
From there, managers can begin to build the foundations for applying emotional wages.
Therefore, if leadership has a good engagement to transform the work environment and increase employee satisfaction, many good results will be achieved.
Provide opportunities for everyone
To implement emotional wages in your company, it is important that there are no distinctions between employees. Therefore, the possibilities for development and career growth must be made available to all employees.
Have departments with the same goals
To promote emotional wages in the company, it is necessary to involve all areas of the company’s organization, that is, the departments need to act together so that everyone seeks to achieve the same goals.
Thus, a strong organizational culture can be built , demonstrating to the company’s employees the various existing possibilities for personal and professional growth and in the company’s hierarchy.
When departments act in pursuit of the same goals, business strategies gain more strength, causing more impacts in the search for competitive advantage in the market.
offer training
Offering training on emotional salary is a great option for all employees to understand what it actually means, its benefits and how they should promote it in the company.
In this way, the emotional wage can be implemented correctly and guarantee good results.
HR’s role in implementing emotional wages
The human resources area has a fundamental role in the implementation of emotional salary in a company.
This area is one of the main responsible for knowing the profile of employees and concluding what types of benefits will create satisfaction among employees.
This will make them feel motivated and engaged when exercising their functions in the company.
Get to know Conexa Corporate
Conexa Saúde is the largest integrated care platform in Latin America. In addition, the platform connects patients, doctors and health institutions through telemedicine, in addition to offering complete digital health solutions for clinics, hospitals and companies. Conexa Saúde also has other business units: Conexa Corporate, Conexa Operadoras and Docpass.
Conexa Corporate is a Conexa Saúde product aimed at companies.
This product offers solutions and services in digital health for organizations, regardless of location, providing health and well-being for the teams of these organizations and helping to reduce costs and optimize their business.
To get to know our website and have access to other content like this, click here .
Conclusion
We can conclude that emotional salary is a concept in the area of people management that is very important to motivate employees of a company, keeping talent in the company and generating positive results for the business.
There are several types of emotional salary and to apply them in a company it is necessary to pay attention to several factors and to know the profile of the employees.
