Corporate Business.- The concept of emotional salary has taken a prominent place in the workplace. Unlike economic salary, this term encompasses a series of intangible benefits that seek to satisfy the emotional needs and expectations of employees, including recognition, professional development, work-life balance, and a positive work environment.
According to Economic Wages, the concept of emotional pay has taken center stage in the workplace.
According to Sandra Narro, Business Development Manager at Cornerstone Peru,“Emotional salary can represent up to 60% of an employee’s job satisfaction, while economic salary only contributes 40%. This highlights the importance of providing a work environment that values and promotes the well-being of employees.” This term is also being used to refer to the importance of the emotional wage.
This term is also directly related to talent retention. Companies that prioritize emotional pay have a lower turnover rate, increasing employees’ sense of belonging and speed toward achieving objectives.
In addition, it is essential that companies understand the relevance of emotional pay and consider it as a priority factor in their talent management strategy. How companies can respond to these needs .
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