The data indicates psych safety also makes a difference to a company’s bottom line. Managers whose overall skills are rated higher in areas like psych safety lead teams who bring in an average of $4.3 million more in revenue per year.
Position tenure and generational differences do not impact psych safety scores, according to Ecsell’s research, and neither does the size of a team – an indication that all managers, regardless of their team make-up, have the ability to create a psychologically safe environment for their employees.
According to the research, there are four things managers can do to increase psych safety:
- Encourage unique opinions.
- Avoid micromanagement.
- Support smart risk-taking.
- Move quickly past mistakes.
“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.”
To learn more about psych safety and how Ecsell Institute helps managers achieve maximum performance, visit ecsellinstitute.com.
About Ecsell Institute
Founded in 2008, Ecsell Institute measures the impact coaching effectiveness has on employee performance. Ecsell has collected and researched over 300,000 documented coaching interactions and works with a myriad of businesses, athletic teams, and school systems to ensure employees, athletes, and students are receiving research-backed coaching to achieve maximum performance.
SOURCE Ecsell Institute
