Innovation
‍ Google and Dr Amy Edmonson conducted separate studies which demonstrated that teams which made more mistakes were more productive and successful than others. When people feel more comfortable to take risks, this fosters an environment of innovation at the workplace. A key trait of a high-functioning team is the ability to brainstorm, strengthen plans of action and troubleshoot concerns where employees have a supportive relationship with each other.
‍
Emotionally Strong Workplace
‍ When we get to know our employees on a human level, we build employee trust through positive interactions and conversations. This psychological safety results in happier teams and increased employee engagement where employees are more willing to share unspoken reservations. When we are able to destigmatize failure as an inevitable bump along the road to success, employees are more courageous to take risks.

‍Talent Retention
‍ With supportive relationships at work, employees feel more confident about raising genuine concerns and are more equipped to prevent or handle failure. When employees are fully committed, organizations have an opportunity to leverage the strength of all their talent. Churn rates are lowered with talent retention, and we notice decreased costs related to recruitment and absenteeism. Organizations are also four times more likely to retain top performers, two times more likely to hit revenue goals as the employees are two times more likely to achieve their first-year performance goals in a psychologically safe environment.

‍Productivity
` Teams move into a learning zone, when accountability for performance interacts with psychological safety. When a safe environment is ready, members facilitate learning from failures, and members' feedback-seeking behavior and adaptability could be strengthened (Gong and Li, 2019). This results in healthier, more inclusive and more productive teams where there are higher levels of engagement, more learning and development opportunities. When employees feel cared for and are happy, they have more intrinsic motivation to work hard and are more innovative too.