What is an Emotional Salary?
An emotional Salary is a reward that values employee emotions and motivates them to work harder and achieve their personal and professional targets. It provides intangible benefits that contribute to employee satisfaction, comfort, and motivation at work.
What are the Top 5 Factors of Emotional Salary?
An emotional salary is a non-monetary benefit, as well as employee job satisfaction and motivation to work harder. Salary slip and related finance documents are not needed here; instead, the employee-employer relationship is much required.
1. Acknowledgement
Recognizing and acknowledging the employees’ efforts and achievements and rewarding them can be a good option.
2. Supportive Work Environment
A supportive work environment with a welcoming work culture initiates good collaboration and enhances communication among colleagues.
3. Job Satisfaction
A good work-life balance for the employees ensures a sense of fulfilment and enjoyment derived from the work itself.
4. Growth Opportunity
Deliver Seamless opportunity to employees for their professional development and deliver customized training and other advancement prospects.
5. Job Security
End to end job security make the employee feel confidence in one’s position within the organization.
Top 5 Example of Emotional Salary
Here are the top 5 examples of emotional salary,
➔ Flexible Work Hours
Normal office hours in a workplace are generally 9 hours a day. When an organization offers flexible work hours without a strict timetable, it can be considered an emotional salary as it helps the employees maintain a work-life balance and initiate a positive work culture.
➔ Efficient Training
Provide timely training on products and services to help the employees be acknowledged when required. Timely training, assessment, and feedback are outstanding ways to motivate employees to continue learning and stay with the company for a long time.
➔ Child Care
Providing childcare facilities is a significant aspect of emotional salary. It makes employees feel happy and secure and ensures the concerns of many female talents who may hesitate to leave their child alone at home, especially during on-site requirements. By offering this support, organizations can attract and retain a diverse pool of talent.
➔ Leisure Spaces
Providing proper leisure spaces is definitely considered an emotional salary. In a workplace, people need a space where they can chill out. Setting up a leisure room helps the employee relax and disconnect from a tight work schedule and pressure.
➔ Custom Compensation
A company can compensate employees for their hard work and efforts with an emotional salary. The organization can promote them or provide them with bonuses based on their excellence and needs. When employees receive a monetary surplus from their employers, they put in extra effort to improve business productivity.
Regularly review and evaluate recognition and reward programs to make sure they remain relevant and effective in meeting employees’ evolving needs and preferences. Adjust programs accordingly to maximize their impact and effectiveness.
