There are rules and regulations that protect employees’ physical safety while at work, but psychological safety often doesn’t get the same level of attention.
Eighty-four percent of employees agreed that psychological safety — which is defined as a belief that no one will be punished or humiliated for speaking up with ideas, questions, concerns or mistakes — was the quality they valued most out of the workplace, according to a 2023 study conducted by Oyster HR. It beat out both higher pay and flexible work, making it a worthy investment for employers.
