What's Driving the Demand for Psychological Safety?

We're kicking  the new year off with a five part series on "What's Driving Demand for Psychological Safety." Today's episode will kick off the series and give us an overview of where we've been, where we are, and introduce the key drivers. In the following episodes of this series, Tim and Junior discuss exclusion and social injustice, and innovation, engagement and retention, mental health and wellness. Each of these paths lead back to the need and the demand for higher levels of psychological safety.

(0:02:16) The way we work has changed. The 2020s are the decade of culture and we are able to hold conversations about psychological safety that can be productive and actionable.

(03:35) The concept of psychological safety has been around since 1965 when Warren Bennis and Edgar Schein at MIT coined the term in their academic research. 

(18:41) A global survey conducted by SHRM shows that workplace culture is the difference between success and failure in a post pandemic world. A good workplace culture was more important than salary for job satisfaction. Wellbeing is up 147% in mentions in the share of job posts and the number one reason for attrition was toxic corporate culture.

(36:10) Introducing the drivers of psychological safety such as employee engagement, physical safety, growth and development, mental health and wellness, innovation and competitiveness.

 (40:24) Younger generations like GenZ are more sensitive to workplace culture than the generations before them. You cannot treat workplace culture the same as we have treated in the past and expect to succeed as a business in 2023.

Important Links
LinkedIn Global Talent Trends 2022 Report Key Findings
LinkedIn Global Talent Trends 2022 Report
MIT Sloan Management Review "Toxic Culture is Driving the Great Resignation"
Glassdoor "Culture over Cash? Multi-Country Survey Finds More Than Half of Employees Prioritize Workplace Culture Over Salary"
SHRM "Healthy Workplace Culture: The Cornerstone of All Business Objectives"
What is Psychological Safety?
The 4 Stages of Psychological Safety by Timothy R. Clark