Factors of Emotional Salary
The factors contributing to emotional salary vary across individuals. However, key factors that contribute to emotional salary are:
1. Relationship with colleagues:
Doing the job means one has to stay with employees that’s almost half the time of the day. So, good and cooperative relationships with colleagues and managers are very important for well well-being of individuals. And it directly affects your emotional salary. If relations among colleagues are bad, the work environment becomes unhealthy making the job a burden for the employees.
2. Growth:
Employees will feel demotivated if not promoted after working on the same title for years and this hampers the personal job growth of an employee. If a person does the same things for multiple years, he will get stressed up and bored from the work that’s why growth is necessary. Companies should have a good promotion culture so that employees enjoy their work and don’t feel like quitting.
3. Relationship with Manager:
If the manager hears issues of employees and has a good leadership style, guidance, and good communication, then it will be a determining factor of an individual’s emotional salary. If an employee has any problem, then the manager is the only person they can approach. If managers don’t respect them, then employees will hesitate to tell any of their problems and it will affect their performance.
4. Fair compensation and Practices:
While financial compensation is not part of the emotional salary, fair practices such as getting a salary according to market value and receiving a salary on time and equal pay for equal work are factors that contribute to emotional salary. If their salary is unfair or lesser compared to their colleagues, they won’t take the job seriously and feel ignored.
5. No Discrimination:
If there is discrimination done on any basis, such as gender, colour, or anything, then it will adversely affect the emotional salary of an employee. Equality is a factor that determines emotional salary. Discrimination in a workplace makes employees feel like he is not equal to other employees and he is not worthy. So, company officials should make strict regulations regarding equality in the organization.
6. Work-Life Balance:
Work-life balance is the ability to balance work responsibilities with personal and family life. An organization shall make flexible work arrangements that accommodate individual needs. Stress-free personal life has a positive impact on the professional performance of an individual.