Post by rabia994 on Mar 9, 2024 23:10:28 GMT -5
There is something that new generations of collaborators seem to value equally or even, on certain occasions, a little more than economic remuneration... it is Emotional Salary . This concept refers to all those benefits that directly contribute to the well-being of employees and their perception of being appreciated by the company, which impacts their performance and business results. Therefore, it is worth it for companies to rethink the need for an emotional salary strategy, both for the benefits to attract talent, as well as to increase retention and improve the sense of belonging. What is emotional salary? It refers to the additional incentives to the economic aspect, which are granted to employees by the organization, in order to make the workday more pleasant and improve their quality of life and their relationship with the company. Although it has gained greater interest, the reality is that for a long time—and to the extent of their possibilities—companies that recognize that the satisfaction of their employees is directly related to productivity, have carried out these strategies. Benefits of emotional salary It is clear that looking for alternative forms of financial remuneration, which impact the happiness of the workforce, brings enormous benefits for both employees and the company itself.
The most immediate would be the emotion and the improvement of the collective mood, which over time becomes: Motivation Commitment Sense of belonging Gratitude Pride Interest What it could bring with it: Greater involvement Reduction of absenteeism Talent loyalty Lower staff turnover Higher productivity Lower operating costs In addition to transform America Cell Phone Number List ing each collaborator into an ambassador of the organization, an "emissary" who, whenever they have the opportunity, will talk about how incredible it is to work for them. How does it benefit employees and the company? Even a good financial remuneration may be insufficient to make a collaborator feel satisfied…. Imagine someone who earns a good sum of money, but wakes up every day discouraged and goes to work forced by responsibilities, facing stress and a negative environment where they also do not feel valued. On the contrary, a person who may earn the same amount or less, but who is motivated every day to attend a job that he likes, with pleasant people and environments, where he knows that his work is recognized and gratified... This is what the impact of emotional salary looks like from the employee's perspective! According to Harvard Business Review, a study found that the average worker was willing to accept % less pay for the option to work from home. Which indicates that workers assign monetary value to flexibility.
As for companies… The emotional salary that a company provides can be decisive in attracting and retaining valuable talent, without the need to increase salaries significantly. Which is especially convenient for newly created companies, which do not have sufficient financial resources. According to the th online job search study in Mexico by the MX Internet Association, flexible hours, dining room service and days off are important aspects for Mexicans when deciding to accept a job offer. In fact, % of the most sought-after and offered benefits are a good work environment, even above economic bonuses. How to implement a strategy based on the happiness of collaborators? If you already recognized the importance of this type of measures, you should take into account some recommendations to start implementing them: Stop thinking that emotional salary is something for big companies They are all made up of humans just like yours, and they all want to feel fulfilled and happy in their jobs. Adjust to your needs and above all to your possibilities Consider whether there will be a budget and think about how else you can offer incredible benefits without investing large sums. Also consider what you are hoping to get out of it, plan, determine some objectives and think about how you will let them know. Find out what makes YOUR employees happy What may work for some may not work for others.
The most immediate would be the emotion and the improvement of the collective mood, which over time becomes: Motivation Commitment Sense of belonging Gratitude Pride Interest What it could bring with it: Greater involvement Reduction of absenteeism Talent loyalty Lower staff turnover Higher productivity Lower operating costs In addition to transform America Cell Phone Number List ing each collaborator into an ambassador of the organization, an "emissary" who, whenever they have the opportunity, will talk about how incredible it is to work for them. How does it benefit employees and the company? Even a good financial remuneration may be insufficient to make a collaborator feel satisfied…. Imagine someone who earns a good sum of money, but wakes up every day discouraged and goes to work forced by responsibilities, facing stress and a negative environment where they also do not feel valued. On the contrary, a person who may earn the same amount or less, but who is motivated every day to attend a job that he likes, with pleasant people and environments, where he knows that his work is recognized and gratified... This is what the impact of emotional salary looks like from the employee's perspective! According to Harvard Business Review, a study found that the average worker was willing to accept % less pay for the option to work from home. Which indicates that workers assign monetary value to flexibility.
As for companies… The emotional salary that a company provides can be decisive in attracting and retaining valuable talent, without the need to increase salaries significantly. Which is especially convenient for newly created companies, which do not have sufficient financial resources. According to the th online job search study in Mexico by the MX Internet Association, flexible hours, dining room service and days off are important aspects for Mexicans when deciding to accept a job offer. In fact, % of the most sought-after and offered benefits are a good work environment, even above economic bonuses. How to implement a strategy based on the happiness of collaborators? If you already recognized the importance of this type of measures, you should take into account some recommendations to start implementing them: Stop thinking that emotional salary is something for big companies They are all made up of humans just like yours, and they all want to feel fulfilled and happy in their jobs. Adjust to your needs and above all to your possibilities Consider whether there will be a budget and think about how else you can offer incredible benefits without investing large sums. Also consider what you are hoping to get out of it, plan, determine some objectives and think about how you will let them know. Find out what makes YOUR employees happy What may work for some may not work for others.