How Trust and Psychological Safety Impacts the Bottom Line

Leaders and employees both have a role and responsibility related to improving psychological safety; leaders must do their work to provide support for employees to do their work.

Studies show that psychological safety allows for an open exchange of ideas, creativity, and risk-taking, — just the types of behavior that lead to market breakthroughs. It’s about creating an environment where it is safe and encouraged to express diverse ideas, solutions and innovative thoughts without fear of reprisal.

Psychological safety is key to high performing leaders, teams and organizational success.  We become more open-minded, resilient, motivated, and persistent when we feel safe. In fact, the highest-performing teams have one thing in common: psychological safety — the belief that you won’t be punished when you make a mistake.

Bottom line, growing and maintaining psychological safety is not just a good idea, it is necessary for great business outcomes!  When people feel psychologically safe, they contribute and perform at higher levels.  

Today, we’re talking with Roxanne Derhodge about creating healthy, respectful and harmonious corporate culture to attract and retain next generation talent in a global economy.

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