HR know-how

The definition is vast, experts assure. Emotional salary is defined by how employees feel motivated and involved with the organisation and describes much more than the remuneration paid by each company to its people as a reward for their work. Gym classes, yoga classes, a comfortable office, remote work budget, team activities or informal get-togethers are often drivers of better involvement of people with organisations, creating a culture of cooperation and collaboration that raises the emotional salary every month.

Salary is no longer the only condition for attracting and retaining talent in companies. Monthly remuneration is insufficient to keep talent motivated and involved and it is more and more complemented by personalised offers, adapted to each person and each phase of their lives.

Tested in several countries around the world, the four-day work week has aroused curiosity and even involvement of companies in Portugal. Among the biggest challenges of its implementation is the need to work more and more in an asynchronous way while maintaining a cohesive and collaborative business culture.

From important to fundamental. The importance of flexible benefits in people's compensation plans, within companies, has evolved increasingly over the years. Whereas, a few years ago, flexible compensation was seen as a complement only accessible to a few, time has made it a fundamental principle in many companies. This transformation was the topic of conversation in Coverflex's first webinar, “Compensation: back to basics”, about the growing importance of flexible benefits in attracting and retaining talent. João Franqueira, Head of People at Coverflex, Marta Santos, Human Resources Director at Grupo Arriva, and Rui Soares, Corporate Human Resources Director at DESFO Holding, talked about the management of flexible benefits in companies and the crucial trends in what comes to compensation in the current context.

Compensating employees to motivate them and involve them in the organization is a trend that increasingly aligns with flexibility. Welcome to the era of flexible compensation.