Why Emotional Salary Matters?
In today's competitive employment market, attracting and retaining great talent goes beyond traditional compensation packages. There is much data to confirm that employees seek more than just a pay cheque; they crave a fulfilling and supportive work environment. This is where the concept of "emotional salary" comes into play.
Emotional salary encompasses the intangible benefits and rewards employees derive from their work, fostering a sense of belonging, recognition, and personal growth. We know that investing in our employees' emotional wellbeing is essential for building a thriving and high-performing business.
What is Emotional Salary?
Emotional salary revolves around acknowledging and valuing employees' contributions, emotions, and needs. It's about creating a workplace culture where individuals feel respected, supported, and appreciated. By prioritising emotional wellbeing, we can boost employee engagement, productivity, and loyalty.
Our curiosity is what led us to question traditional HR practices and explore new ways to prioritise employee wellbeing. We are dedicated to creating a workplace where our crew can thrive. We believe that a strong emotional salary is fundamental to our success.
Here's how we're putting it into action:
Comprehensive Wellbeing: Wellbeing is at the heart of our culture. We've invested in health and wellness initiatives far beyond the basics. Every employee receives free (with no excess) Bupa private medical, ensuring access to top-tier healthcare when needed. We've also partnered with YuLife, a cutting-edge wellbeing and benefits platform that rewards healthy habits. Through this innovative app, our people earn money to spend on essentials like food shopping, leisure activities, and gym memberships - the more active they are, the more they earn. Our commitment to wellbeing extends further with a 24/7 GP service and EAP, ensuring our team has round-the-clock support.
Recognition & Rewards: We believe in tangible appreciation. Every contract has a 'Love & Hugs' pot that managers can use for fun social events, birthday celebrations, and rewarding achievements with Virgin Experience Day vouchers and impromptu surprises. This approach ensures that recognition is immediate, personal, and meaningful.
Balancing Home & Work: We prioritise the wellbeing of our people as we recognise our jobs cannot be completed at home. Unlike many in the industry, we offer 25 days of holiday as standard, surpassing the industry norm of 20 days. We've also implemented enhanced maternity, paternity, adoption and fertility leave policies - a stark contrast to the typical unpaid leave.
Development Opportunities: Our commitment extends beyond physical and mental wellbeing. We champion growth by fostering a culture of learning and development. We offer comprehensive training programs tailored to individual needs and career aspirations. Monthly development reviews ensure ongoing growth opportunities, empowering individuals to reach their full potential.