01/10/2024

New Report Cites the Benefits of a Psychologically-safe Business Culture

These workplaces lower attrition rates to 3 percent

A psychologically safe workplace can significantly reduce attrition in an organization, and leaders will play a major part in fostering this, according to a new report.

Why? A psychologically safe workplace enables employees to speak up without fear of being blamed or criticized. Additionally, these employees are 2.1 times more motivated, 2.7 times happier and 3.3 times more enabled to reach their full potential at work, according to the Boston Consulting Group (BCG).

It also found that the attrition risk is only at three per cent for employees working in environments where psychological safety is high.

Please select this link to read the complete article from Human Resources Director.