Archive for March, 2010

The first time I heard of emotional salary, I thought “They don’t know what else to invent for raises. Instead of a salary raise, let’s raise morale!”

As if it were a constraining, negative and an oversimplified thought, I started to research what this emotional salary was all about and I found an interview with Carmen Povedano of a few years ago. Three statements gave me a pretty good idea, “Compensation is important for anybody, but what is also important is that more and more people (including executives when their basic needs covered) prefer to renounce salary raises (and even promotions) for life work balance between their professional and family lives, and there are companies who are losing talent simply because they do not recognize this.”

Our culture is changing. Of course salary is vital. I know very few people who are privileged to work for fun.

Despite the undeniable importance of this “monetary” salary, society is talking of the work environment, compensation measures, equality, flexibility, teleworking, professional career development, recognition and rewards plans—unthinkable things 15 years ago. Given society is changing, it is also necessary to modify our ideas on work compensation, and that is where the latest buzzword emotional salary comes in. With the purpose of coming to grips with this concept, I jotted down on a piece of paper a list of salary compensation items that go beyond the usual ones, and once I identified (over 100!) and classified them, I had a good bird’s eye view of all the ones companies could use to better reward their employees.

How do you see the future of employee engagement over the next 10 years? How will this idea change in the decade to come? The writer, educator, coach and consultant, David Zinger, forewarning us of the risk of making such predictions, tells us what he thinks will occur in the next few years. You can [...]