{"id":17537,"date":"2025-02-10T16:11:38","date_gmt":"2025-02-10T20:11:38","guid":{"rendered":"https:\/\/www.workplaceoptions.com\/ca\/news\/93-of-business-leaders-worldwide-believe-psychological-safety-boosts-bottom-line-yet-gaps-persist-in-addressing-psychosocial-risks\/"},"modified":"2025-03-05T14:31:19","modified_gmt":"2025-03-05T18:31:19","slug":"93-of-business-leaders-worldwide-believe-psychological-safety-boosts-bottom-line-yet-gaps-persist-in-addressing-psychosocial-risks","status":"publish","type":"news","link":"https:\/\/www.workplaceoptions.com\/ca\/news\/93-of-business-leaders-worldwide-believe-psychological-safety-boosts-bottom-line-yet-gaps-persist-in-addressing-psychosocial-risks\/","title":{"rendered":"93% of Business Leaders Worldwide Believe Psychological Safety Boosts Bottom Line, Yet Gaps Persist in Addressing Psychosocial Risks"},"content":{"rendered":"<p><b><span data-contrast=\"auto\">RALEIGH, NC, February 11, 2025<\/span><\/b><span data-contrast=\"auto\"> \u2013 A new global research study from <\/span><a href=\"https:\/\/www.workplaceoptions.com\/\"><span data-contrast=\"none\">Workplace Options<\/span><\/a><span data-contrast=\"auto\"> (WPO) and the International Institute of Risk &amp; Safety Management (IIRSM) reveals a critical disconnect in corporate wellbeing efforts: while 93% of business leaders around the world agree that psychological safety directly impacts business performance, many organisations lack clear strategies to address psychosocial risks. <\/span><b><span data-contrast=\"auto\">The study: <\/span><\/b><a href=\"https:\/\/www.workplaceoptions.com\/uk\/wp-content\/uploads\/sites\/21\/2025\/02\/WPO-and-IIRSM_The-Impact-of-Psychological-Safety.pdf\"><b><span data-contrast=\"none\">The Impact of Psychological Safety on Employee Engagement and Risk Management<\/span><\/b><\/a><span data-contrast=\"auto\">, underscores the urgent need for companies to evolve beyond traditional risk management and integrate psychological wellbeing as a core business priority.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">WPO, the leading independent provider of workplace wellbeing and psychological safety solutions, released a groundbreaking <\/span><a href=\"https:\/\/consulting.workplaceoptions.com\/wpo-psychosocial-risk-screener\/\"><span data-contrast=\"none\">Psychosocial Risk Screener<\/span><\/a><span data-contrast=\"auto\"> in November 2024. The cutting-edge tool, along with the new research study, were developed to help business leaders and managers identify and address critical issues such as harassment, social isolation, violence, occupational stress, and sources of trauma before they escalate into serious risks to employee health, wellbeing, and productivity.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Governments worldwide continue to issue mandates requiring employers to ensure the psychosocial safety of their workers. Countries including the European Union, Mexico, Chile, the UK, Canada, Japan, South Korea, Australia, and Colombia have passed legislation that directs organisations to identify, eliminate, and prevent psychosocial hazards in the workplace.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cAs these regulations force employers to implement top-down reviews of their work environments, job designs, and corporate cultures, the challenge lies in integrating these shifts into the DNA of their organisations,\u201d said Alan King, WPO President and CEO. \u201cThe research results of the study present a roadmap for business leaders to understand their risk profile and implement solutions that dive deep into the root causes of workplace issues. By addressing these challenges directly, organisations can target their resources effectively, ensuring meaningful, long-lasting change.\u201d<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Psychological Safety: A Competitive Advantage<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The study confirms that fostering psychological safety leads to greater innovation, higher employee engagement, and reduced turnover.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">93% of leaders agree<\/span><\/b><span data-contrast=\"auto\"> that a psychologically safe workplace boosts productivity and innovation.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">9 out of 10 respondents<\/span><\/b><span data-contrast=\"auto\"> estimate a return of at least 6% on investments in psychological safety, with over one-third projecting returns above 20%.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">A Widening Gap Between Strategy and Execution<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Despite widespread recognition of the importance of wellbeing, execution remains inconsistent:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">88% of organisations<\/span><\/b><span data-contrast=\"auto\"> have workplace wellbeing strategies, yet only <\/span><b><span data-contrast=\"auto\">29%<\/span><\/b><span data-contrast=\"auto\"> describe them as \u2018very comprehensive.\u2019<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">24% of respondents<\/span><\/b><span data-contrast=\"auto\"> say their wellbeing programmes are \u2018lacking\u2019 or \u2018somewhat lacking.\u2019<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">60% of organisations<\/span><\/b><span data-contrast=\"auto\"> either lack trained personnel to address psychosocial risks or are unsure if such roles exist.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">&#8220;Organisations need a clear health and wellbeing strategy,&#8221;\u202fsaid Sabreena Roberts, Director Professional Services at IIRSM, &#8220;One that focuses on both physical and psychological wellbeing and is at the centre of the organisational strategy. But that alone is not enough. Leadership must drive the adoption of the strategy across all levels of the organisation, and it needs to be effectively integrated within day-to-day operations in order for risks to be managed, performance to improve, and the business to excel.&#8221;\u202f <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">A Shift in Risk Management Priorities<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Historically, companies have prioritised physical safety over psychosocial risks, but this mindset is evolving. The study highlights the need for:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Stronger Coordination Across Functions<\/span><\/b><span data-contrast=\"auto\">: Risk management, HR, and wellbeing teams must collaborate with clear accountability, supported by executive leadership.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Regular Psychosocial Risk Assessments<\/span><\/b><span data-contrast=\"auto\">: Businesses should conduct frequent assessments tailored to different locations, job functions, and teams.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Manager Training and Support<\/span><\/b><span data-contrast=\"auto\">: Front-line supervisors play a key role in fostering team wellbeing and should receive training to identify risks and connect employees with support services.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comprehensive Wellbeing Strategies<\/span><\/b><span data-contrast=\"auto\">: Digital wellbeing apps are useful but should be one element of a broader, tailored wellbeing approach.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Crisis Preparedness<\/span><\/b><span data-contrast=\"auto\">: Organisations must have proactive response systems in place for crises and traumatic events, including post-trauma support.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">Leadership Must Drive Change<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cMost organisations today recognise the importance of employee wellbeing, but few are taking action with meaningful impact,\u201d said Dr. Mahua Ganguly, corporate medical professional and employee health strategist. \u201cAn effective strategy involves measuring, diagnosing, and evaluating risks, implementing programmes, and continuously improving them. Wellbeing is a leadership responsibility, and the benefits are too immense to ignore.\u201d<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Link to study: <\/span><\/b><a href=\"https:\/\/www.workplaceoptions.com\/uk\/wp-content\/uploads\/sites\/21\/2025\/02\/WPO-and-IIRSM_The-Impact-of-Psychological-Safety.pdf\"><b><span data-contrast=\"none\">https:\/\/www.workplaceoptions.com\/uk\/wp-content\/uploads\/sites\/21\/2025\/02\/WPO-and-IIRSM_The-Impact-of-Psychological-Safety.pdf<\/span><\/b><\/a><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">About Workplace Options (WPO)<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Founded in 1982,<\/span><a href=\"https:\/\/www.workplaceoptions.com\/\"><span data-contrast=\"none\"> Workplace Options<\/span><\/a><span data-contrast=\"auto\"> (WPO) is the largest independent provider of holistic well-being solutions. Through customized programs, and a comprehensive global network of credentialed providers and professionals, WPO supports individuals to become healthier, happier, and more productive both personally and professionally. Trusted by 57 percent of Fortune 500 companies, WPO delivers high-quality care digitally and in-person to more than 83 million people across 113,000 organizations in more than 200 countries and territories.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">About IIRSM<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The International Institute of Risk and Safety Management (<\/span><a href=\"https:\/\/www.iirsm.org\/\"><span data-contrast=\"none\">IIRSM<\/span><\/a><span data-contrast=\"auto\">) is a UK-based professional membership organisation with a global footprint. We help individuals and organisations around the world to feel safe, supported and empowered to identify and manage risks, protecting their environments and lives. We aim to drive the holistic evolution of risk management in organisations, educating and protecting their people through our unique communities.\u202f<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Find out more at <\/span><a href=\"https:\/\/www.iirsm.org\/\"><span data-contrast=\"none\">iirsm.org<\/span><\/a><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><strong>Media Contact: <\/strong><span data-contrast=\"auto\"><strong>\u00a0<\/strong>\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Jennifer Dart<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Global Corporate Communications Manager<\/span> <span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><a href=\"mailto:Jennifer.Dart@workplaceoptions.com\"><span data-contrast=\"none\">Jennifer.Dart@workplaceoptions.com<\/span><\/a><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n","protected":false},"featured_media":17538,"template":"","categories":[566,603],"tags":[520,595],"tipes":[32],"region":[],"class_list":["post-17537","news","type-news","status-publish","has-post-thumbnail","hentry","category-psychological-safety","category-wpo-partners","tag-leadership","tag-wpo-partners","tipes-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>93% of Business Leaders Worldwide Believe Psychological Safety Boosts Bottom Line, Yet Gaps Persist in Addressing Psychosocial Risks - Workplace Options - Canada<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.workplaceoptions.com\/ca\/news\/93-of-business-leaders-worldwide-believe-psychological-safety-boosts-bottom-line-yet-gaps-persist-in-addressing-psychosocial-risks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"93% of Business Leaders Worldwide Believe Psychological Safety Boosts Bottom Line, Yet Gaps Persist in Addressing Psychosocial Risks\" \/>\n<meta property=\"og:description\" content=\"RALEIGH, NC, February 11, 2025 \u2013 A new global research..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.workplaceoptions.com\/ca\/news\/93-of-business-leaders-worldwide-believe-psychological-safety-boosts-bottom-line-yet-gaps-persist-in-addressing-psychosocial-risks\/\" \/>\n<meta property=\"og:site_name\" content=\"Workplace Options - 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