Emotional salary: the key to a productive and motivating work environment

Emotional salary encompasses all the non-monetary rewards that a company offers its employees. This concept emerged a few years ago as a complement to the more familiar financial rewards. With the emotional salary, the company aims to meet the personal, family, and professional needs of its employees in order to improve their quality of life and foster their growth.

Initially, the emotional salary was considered a utopian model, difficult to implement and associated with large companies. With the passage of time, and particularly in the wake of the pandemic, this form of compensation has spread to all types of companies, adapting to their needs.
The aim of these benefits, which go beyond economic incentives, is to improve the quality of life of employees. At the same time, it promotes their professional development, reduces staff turnover, and helps to retain talent. The ultimate goal is for the team to feel more satisfied with the company and, as a result, more motivated in their work.
Although this concept is relatively new, there are companies and HR departments that are probably already applying it by offering various benefits to their employees.

Some examples of emotional salary are:

• Education provided by the company for the professional development of employees.
• Teleworking, a practice that has become much more common since the shutdown.
• Flexible working hours, which allow employees to adapt their working hours to suit their needs, always respecting agreed hours or targets.
• Recognition and communication: appreciation and listening are fundamental to a positive working environment.
• Childcare services to help employees balance work and family life.
• Pleasant workspaces with attractive decor and comfortable rest areas.
• Opportunities for internal promotion to show that effort is rewarded.
• Benefits such as gym discounts, insurance, team-building activities, etc.

While there is no one-size-fits-all approach to emotional salary, it is important to analyse the situation and understand what the company can offer to motivate and satisfy employees. At Axxon People Consulting, we can guide and advise you through this process.