<ul data-eligibleForWebStory="true">Rising attrition rates, especially among Gen Z and Millennial workers, are influenced by the absence of psychological safety in the workplace.Psychological safety involves feeling safe to express opinions, make mistakes, and share feedback without fear of judgment.Younger employees consider psychological safety essential in a workplace.Today's workforce seeks purpose, autonomy, respect, and validation beyond just a paycheck.Employees want to be trusted to do their job without micromanagement and to have their ideas heard and valued.Failing to meet these needs leads to disengagement and high employee turnover.Companies prioritizing psychological safety retain talent, foster innovation, and create thriving environments.Psychologically safe employees are more innovative, collaborative, loyal, and resilient during challenges.Fear-based leadership is declining, giving way to trust, empathy, and transparency in successful workplaces.In today's workforce, people leave cultures, not just companies.Psychological safety is a valuable investment for companies in retaining talent and fostering a positive work environment.The article emphasizes the importance of psychological safety in workplaces to attract and retain talent.