Board Priorities 2024: Psycho-social safety

Psychological safety and mental health wellbeing of staff is a critical work, health and safety risk. During 2023, Directors sought to further their understanding of how to demonstrate psychological due diligence and how to effectively govern psychosocial and mental health wellbeing risks in the workplace.

Looking forward to 2024, Boards should capitalise on the work done so far and consider:

1. The positive correlation that exists when their organisation demonstrates a clear understanding of psychosocial and mental health wellbeing risks with an increase in business performance and employee productivity contributing to a strong culture and employee value proposition.
2. Continuing the governance of psychological safety and mental health wellbeing to reach parity with physical safety in both reporting and oversight.
3. Elevating psychological safety and mental health wellbeing as a work, health and safety risk.
4. Working more closely with management to create relevant leading and lagging indicators of employee psychological safety and mental health wellbeing that go beyond annual engagement and pulse surveys to provide proportionate, defensible and sustainable solutions. 

Read about the other Board Priorities for 2024

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