Tag: psychological safety

The Singapore MOM Tripartite Advisory on Mental Well-being at Workplaces highlights the critical need for employers to cultivate psychologically safe and trusting work environments. This recommendation underscores the importance of creating spaces where employees feel secure in speaking up, sharing concerns, and seeking help without fear of reprisal or stigmatization.

Fostering psychological safety is crucial for high-performing teams, especially in Singapore, where mental well-being is a growing concern. The World Health Organization estimates that depression and anxiety disorders cost the global economy nearly US$1 trillion annually in lost productivity, highlighting the economic imperative of supportive workplace environments.

Google's own research found psychologically safe teams outsell their targets by 17%, while unsafe teams miss by 19%. Here's what psychological safety actually is, and how to build it.