• Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Kube Suite - TL
Home News Workforce

How Psychological Safety In The Workplace Can Impact Employee Retention

Aayat AlibyAayat Ali
January 27, 2022
in Workforce
Reading Time: 2 mins read
A A
How Psychological Safety In The Workplace Can Impact Employee Retention

More stories for you

Rethinking the ROI of Healthcare Coverage with Robert E. Andrews

5 days ago

Fixing Healthcare in a Distributed World: A Conversation with Robert E. Andrews

1 week ago

How To Combat The 7 Self-Destructive Tendencies Holding You Back At Work With Vicky Oliver

4 weeks ago

How To Combat The 7 Self-Destructive Tendencies Holding You Back At Work With Vicky Oliver

1 month ago

New data from Ecsell Institute shows that psychological safety in the workplace has a direct impact on employee retention, communication, and performance.  

Psychological safety in the office is described as a worker’s ability to feel secure in their interactions with managers and colleagues. 

Advertisements
Nexudus - Tech Stack Lovers

According to the findings of over 36,000 employee responses, managers whose skills were rated a 9 or a 10 by employees saw an average psych safety score of 84%. However, those with skills ranked 6 or lower saw an average safety rating of 36%.  

Not only does improved managerial skills have an impact on the overall psychological safety of professionals, but those who ranked higher led teams to bring in an average of $4.3 million more in revenue every year.  

Advertisements
Yardi Kube automates flex and coworking operations

The research identifies four factors that can help managers improve the psychological safety of employees, including:  

  • Encouraging opinions 
  • Avoiding micromanaging tactics 
  • Supporting well-thought-out risk taking 
  • Moving past mistakes swiftly 

“A psychologically unsafe environment can be created, but sometimes it exists simply because it’s allowed to exist,” said Sarah Wirth, president of Ecsell Institute. “Once managers understand the impact of psych safety, we are able to teach them specific techniques to improve it.” 

Tags: Workplace Wellness
Share9Tweet6Share2
Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

Other Stories Recommended For You

FUTURE OF WORK Podcast

Rethinking the ROI of Healthcare Coverage with Robert E. Andrews

byFrank Cottle
5 days ago

Discover how to modernize healthcare for distributed teams with Robert E. Andrews, CEO of HTA. Tailored benefits, AI, and empathy...

Read more

Fixing Healthcare in a Distributed World: A Conversation with Robert E. Andrews

1 week ago

How To Combat The 7 Self-Destructive Tendencies Holding You Back At Work With Vicky Oliver

4 weeks ago

How To Combat The 7 Self-Destructive Tendencies Holding You Back At Work With Vicky Oliver

1 month ago
Advertisements
Maximize Flexible Space Revenue
Advertisements
Nexudus - Tech Stack Lovers

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00