Psychological safety is the foundation of high-performing teams. It empowers employees to speak up, share ideas, and collaborate without fear of judgment or negative consequences. In today’s workplace, where innovation, inclusivity, and mental well-being are paramount, fostering psychological safety is no longer optional—it’s essential. Testgrid’s Psychological Safety & Inclusivity (PSI) Indicator provides the tools to measure, understand, and improve psychological safety within your teams, driving productivity, engagement, and overall success.
Psychological Safety & Inclusivity
Low Psychological Safety
Low psychological safety is pervasive in workplaces and undermines team success. Most teams score just 3 out of 10 on psychological safety, preferring artificial harmony over genuine trust and openness. This lack of safety results in:
- A culture of blame, distrust, and fear of failure.
- Stifled innovation, creativity, and productivity.
- High staff turnover, wasted energy, and rework.
- Increased workplace injuries and absenteeism.
Additionally, recent updates to Work Health and Safety (WHS) laws now require employers to manage psychological risks with the same seriousness as physical workplace hazards. Organisations that fail to address these risk financial losses, reputational damage, and compliance issues.
Legal Ramifications of Psychological Safety in Australia
In Australia, psychological safety in the workplace is legally mandated, holding equal importance to physical safety. Employers are required to proactively manage psychosocial hazards to ensure the well-being of their employees. Key legal obligations include:
- Work Health and Safety (WHS) Act 2011: Defines ‘health’ to encompass both physical and psychological aspects, obligating employers to safeguard employees’ mental health.
- WHS Regulations: Mandate the identification and management of psychosocial risks, requiring employers to eliminate or minimise these risks as far as reasonably practicable.
- Codes of Practice: Provide practical guidance on managing psychosocial hazards, outlining employer responsibilities to prevent work-related psychological harm.
Non-compliance with these obligations can lead to significant legal consequences, including fines and prosecution, underscoring the critical importance of addressing psychological safety in the workplace.
PSI (Psychological Safety & Inclusivity Indicator)
The PSI Indicator is a revolutionary tool designed to elevate team performance by measuring and improving psychological safety. Backed by globally renowned psychological research and neuroscience, PSI provides actionable insights to create safe, inclusive, and high-performing teams.
How the PSI Works
Simple 4-Minute Survey
Employees complete a quick online survey designed to assess psychological safety and inclusivity within their teams. The survey identifies key risk factors and measures psychological health, team effectiveness, and engagement.
Data-Driven Insights
Results are collated into a secure, easy-to-navigate dashboard. This data informs workplace strategies by benchmarking team performance, identifying areas for improvement, and comparing results across teams or industries.
Customised Action Plans
PSI translates insights into practical, evidence-based strategies. Teams are guided on how to improve connection, collaboration, and inclusivity while reducing risks and enhancing well-being.
Continuous Improvement
PSI operates as a subscription service, allowing organisations to schedule regular surveys and track progress over time. Monthly or bi-monthly check-ins ensure improvements remain on track and challenges are swiftly addressed.
Why Choose the PSI?
- Enhances Team Performance: Drive innovation, creativity, and productivity through a culture of trust.
- Boosts Employee Retention: Prevent turnover by creating a workplace where employees feel valued and safe.
- Improves Compliance: Stay ahead of regulatory requirements with evidence-based psychological risk management.
- Delivers ROI: Reducing turnover and improving engagement can deliver up to a 580% return on investment.
75% of the global workforce will be millennials by 2025, demanding more inclusive and safe work environments.
Poor psychological safety costs Australian businesses $6 billion annually in lost productivity.
Teams with high psychological safety see a 27% reduction in turnover, a 40% reduction in safety incidents, and a 12% increase in productivity.
Psychological safety is ranked as the single most important factor for effective teams according to Google research.
Ready to Transform your Organisation?
If you would like to learn more about Testgrid’s Psychological Safety and Inclusivity assessment then simply fill in the form below.
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29%
Increase in sales performance
20%
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80%
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