Psychological Safety in Today’s Global Workforce

Workplace Options (WPO) Debuts Data-Driven Study Across 9 Nations; Explores Workplace Issues, Need for Inclusive Leadership, and Renewed Commitment to Human-Centered Wellbeing

RALEIGH, N.C., April 04, 2024 (GLOBE NEWSWIRE) — Amid mounting pressures and unprecedented challenges across the globe, psychologically safe workplaces have become a necessity for building organizational resilience and sustainable success. Leaders at every level recognize that they need to cultivate cultures of trust, openness, and inclusivity, where every voice is heard, valued, and respected.

The financial consequences are straightforward: Psychological safety is the lynchpin of employee engagement and the heart of bottom-line business results. The benefits range from talent retention and enhanced innovation to better customer service and stronger brand value.

Data Directly from Employees – Not Surveys or Opinions
As the largest independent provider of customized and localized wellbeing services, with more than 116,000 clients serving 79 million people, Workplace Options (WPO) has deep insight on global psychological safety, derived from data via the human-to-human counseling our clinical team conducted with in nine countries: Australia, Canada, China, France, Germany, India, Mexico, United Kingdom, and the United States.

The findings comprise the “WPO Psychological Safety Study: Global Context for Organizational Success,” a website and multimedia content hub that presents information on how psychological safety affects employees in different countries. The site includes multimedia resources, white papers, videos, articles, infographics, and other information on the global significance of psychological safety.

The “WPO Psychological Safety Study: Global Context for Organizational Success” can be accessed here: Psychological Safety.

“A culture built on psychological safety has immense value. Deep-rooted employee engagement leads to greater creativity, innovation, and an environment where people can be their authentic self in every aspect of their life,” said Alan King, President and CEO, Workplace Options. “The results from this study will help leaders and organizations make a transformative difference in people’s lives by building resilient cultures focused on wellbeing.”

Study Results – Comparing and Contrasting Workplace Concerns Across Countries
Individual country information has been derived from clinician engagement with customers, providing insight into workplace symptoms manifest in the employee’s emotions, cognitions, and attitudes toward work. These include: workplace stress, anxiety/panic, low mood, job performance, conflict/tension with manager, lack of recognition, and others.

Leaders can utilize the data to understand the challenges their employees face. For example, in Australia, “lack of recognition” is the top issue on employees’ minds. In contrast, employees in India identify “conflict/tension at work with manager” as their foremost issue. A company with operations in these two nations/regions can utilize the study results to gain deeper insight into strategies and tactics that will build psychological safety and organizational resilience.

Country Workplace Concern (By Prevalence)
Australia Lack of recognition, Work-life balance, Job performance
Canada Concerns with daily work activities, Job performance, Conflict of values/ethical climate in the company, Conflict/tension at work with manager
China Concerns with daily work activities, Lack of recognition, Lack of professional development
France Lack of professional development, Job performance, Concerns with daily work activities
Germany Work-life balance, Job performance, Conflict/tension at work with manager, Concerns with daily work activities
India Conflict/tension at work with manager, Job performance, Work-life balance, Lack of professional development, Concerns with daily work activities
Mexico Job performance, Concerns with daily work activities, Lack of recognition, Conflict/tension at work with manager
United Kingdom Lack of recognition, Work-life balance, Concerns with daily work activities
United States Work-life balance, Job performance, Conflict/tension at work with manager


The Value of Psychological Safety

Given the constantly shifting global business environment, leaders must create workplaces centered on psychological safety, which is a cornerstone of inclusive leadership. Teams that feel psychologically safe are more innovative, productive, and resilient in the face of adversity.

“As part of an overall corporate wellbeing strategy on a global scale, it is important to create a framework that allows the cultures and practices to be considered and recognized at the local level,” said Mary Ellen Gornick, WPO Consulting Group Founding Partner. “The study gives leaders the information they need to create inclusive cultures in the locations where they have operations. But they should also keep in mind that variances might exist in how strategies are implemented at the country level.”

Benefits of psychological safety include:
– Deeper employee engagement: Greater creativity, innovation, and development of new products, services, and solutions.
– Improved Team Performance: Open communication, collaboration, and constructive feedback within teams.
– Increased Employee Engagement and Retention: Engaged, motivated, and committed to their roles and the organization leads to higher levels of job satisfaction, lower turnover rates, and greater retention of top talent.
– Enhanced Problem-Solving and Decision-Making: Open dialogue and the exploration of diverse viewpoints leads to more effective problem-solving and decision-making processes.
– Greater Employee Well-Being: Creates a supportive environment where individuals feel valued, respected, and cared for, resulting in lower levels of stress, anxiety, burnout, and promotes holistic health and wellness.
– Enhanced Organizational Resilience: Better equipped to navigate change, uncertainty, and adversity, employees feel empowered to adapt, innovate, and collaborate, creating agility and resilience in the face of external pressures.
– Improved Customer Satisfaction: Employees who feel supported and empowered are more likely to engage with customers in a positive and empathetic manner, leading to higher levels of customer satisfaction and loyalty.

About the Data
Workplace symptoms are the ways in which workplace stressors or uncomfortable working conditions manifest in the employee’s emotions, cognition, and attitudes toward work. Because employees contact WPO when they are under stress or need help, the company is in a unique position to observe the kinds of workplace issues and challenges that employees face.

The details with individual employees are confidential and are recorded in secure case notes to facilitate ongoing support. WPO also captures data in more quantifiable formats and report on these in aggregate (without compromising participant confidentiality) to help our customer organizations understand employee needs and recognize potential risks at the organization and location level.

We have limited our consideration to those countries where the sample size – the number of cases with work-related issues and symptoms – is sufficient to make variations in the data statistically significant.

ABOUT WORKPLACE OPTIONS
Founded in 1982, Workplace Options (WPO) is the largest independent provider of holistic wellbeing 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 56 percent of Fortune 500 companies, WPO delivers high-quality care digitally and in-person to more than 79 million people across 116,000 organizations in more than 200 countries and territories.

Contact:
Bob Batchelor, Director, Public Relations and Publications
Bob.Batchelor@workplaceoptions.com

Jennifer Dart, Corporate Communications Manager
Jennifer.Dart@workplaceoptions.com

A video accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/cc6d9ccb-51a0-4dcd-9354-3428d0ed00f0

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e2Companies Identifies Global Power Leader Cummins Inc. as Strategic Supplier for the R3Di® System

Supply Chain Expansion focused on Product Performance and Sustained Growth

BONITA SPRINGS, Fla., April 04, 2024 (GLOBE NEWSWIRE) — e2Companies, a leading provider of data-driven solutions for grid modernization, is pleased to name Cummins Inc. CMI as an official supplier for the R3Di® System. This agreement provides e2Companies access to Cummins Inc. industry-leading generator sets that deliver exceptional power with high electrical efficiency.

“We continue to expand our supplier network with one goal in mind: top-notch performance,” said James Richmond, CEO and President at e2Companies. “Our agreement with Cummins Inc. reflects this commitment since they have set the benchmark for reliability with power generation. This allows us to uphold these standards while keeping up with increasing demand across global markets.”

“We are excited with the opportunity to supply our generator sets to the R3Di® System, a power generation solution that will provide seamless resiliency and reliability to customers” said Lucio Kroll, Managing Director of Microgrids at Cummins.

Cummins Inc. generator sets will be paired with the R3Di® System’s Lithium Iron Phosphate (LiFePO4) battery energy storage and continuous performance monitoring (Grove365) to deliver stable and conditioned power independent of grid issues. Cummins Inc. joins an expanding supplier network for e2Companies that includes Nuvation Energy, EPC Power, MSI Tec, and ABB Ltd.

About e2Companies

e2Companies is the first vertically integrated Virtual Utility® for power generation, distribution, and energy economics in the marketplace. e2Companies’ patented technology, the R3Di® System, provides a synthetic utility BUS with inertia for continuous on-site power and seamless resiliency, independent of grid conditions. The R3Di® System is continuously monitored by the Grove365 to optimize resources, track ESG targets, and unlock new revenue opportunities for customers.

e2Companies officially entered into a merger agreement with Minim, Inc. MINM on March 12, 2024, to create a NASDAQ-listed, comprehensive products and services company focused developing proprietary solutions for Grid 3.0, Autonomous Grid Stability.

To learn more about e2Companies visit www.e2companies.com.

About Cummins Inc.

Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products include diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, batteries, electrified power systems, electric powertrains, hydrogen production and fuel cell products.

See how Cummins is powering a world that’s always on by accessing news releases and more information at www.cummins.com.

Media Contact: marketing@e2companies.com

GlobeNewswire Distribution ID 9084172

NYCB DEADLINE ALERT: ROSEN, A GLOBALLY RESPECTED LAW FIRM, Encourages New York Community Bancorp, Inc. Investors to Secure Counsel Before Important April 8 Deadline in Securities Class Action – NYCB

NEW YORK, April 03, 2024 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of New York Community Bancorp, Inc. (NYSE: NYCB) between March 1, 2023 and February 5, 2024, both dates inclusive (the “Class Period”), of the important April 8, 2024 lead plaintiff deadline.

SO WHAT: If you purchased NYCB securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the NYCB class action, go to https://rosenlegal.com/submit-form/?case_id=22391 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 8, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made materially false and/or misleading statements throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the Signature Bank acquisition would not be immediately accretive to the Company because it caused NYCB to be required to comply with materially enhanced prudential standards, including, among other things, risk-based and leverage capital requirements, and liquidity standards, and required that NYCB build capital, reinforce its balance sheet and strengthen its risk management processes; (2) NYCB failed to comply with the materially enhanced prudential standards; (3) NYCB overstated the quality of its commercial office loan assets; (4) NYCB was experiencing higher net charge-offs and deterioration in its commercial office portfolio than represented; (5) NYCB was reasonably likely to incur higher loan losses because it was experiencing higher net charge-offs and deterioration in its commercial office portfolio; (6) NYCB was reasonably likely to be forced to increase its allowance for credit losses due to its status as Category IV bank; (7) NYCB’s loan loss provisions were understated so it overstated quarterly earnings and/or understated quarterly losses; (8) NYCB failed to have adequate internal risk or disclosure controls and procedures; and (9) that, as a result of the foregoing, defendants’ statements about NYCB’s business, operations and financial condition were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the NYCB class action, go to https://rosenlegal.com/submit-form/?case_id=22391 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9084141

Agric-tech coy partners Netherlands bank on agroforestry practices

ThriveAgric, an agricultural technology company has partnered with Acorn-Rabobank, Netherlands, to empower about 30,000 smallholder farmers towards sustainable agroforestry practices and combating climate change. The partnership was unveiled on Wednesday in Abuja, at a roundtable organised by ThriveAgric in collaboration with Alliance for a Green Revolution in Africa (AGRA). The Chief Executive Officer, ThriveAgric, Mr Uka Eje, said the roundtable was focused on discussing sustainable agriculture that impacted the lives of everyone and carbon market development globally. Eje also said that the project was designed to enable more than 30,000 smallholder farmers with access to carbon credit and general benefits that could impact rural communities. 'Through partnership like the one forged with Acorn - Rabobank, we are confident in our ability to drive positive change and create lasting impact in the lives of smallholder farmers across Nigeria. 'The project aims to leverage the respective expertise and resou rces to implement innovative solutions that enhance the resilience and productivity of agricultural landscapes while promoting environmental stewardship and social inclusivity. 'The project is expected to spur deliberate actions for effective next level carbon credit and financing beginning from farmers,' he said. In her remarks, Acorn - Rabobank representative, Ms Marjolijn Hekelaar, expressed enthusiasm about the partnership and its potential to drive transformative change in the agricultural sector. Hekelaar explained that her organisation works with local partners to help farmers transit to agroforestry by giving them access to the voluntary carbon market. 'We work with companies like ThriveAgric that are implementing agroforestry to plant trees with farmers in the design that works for them. This will make them more resilient to climate change. 'They build their income by selling the biomass generated from planting trees and selling it at the Voluntary Carbon Market at a higher rate and making sure that 80 per cent goes back to the farmers,' she explained. Dr Kabir Yusuf, National Project Coordinator, Special Agro-Industrial Processing Zones, noted that climate change was a phenomenon that affected every category of individuals in the society. Yusuf said that smallholder farmers needed to be given incentives to enable them engae in climate smart agricultural practices, as well as go into livestock farming, and the practice of climate smart livestock management. 'We need to deploy carbon credit mechanism, incentivisation. 'Lots of countries, including some in Africa have started accessing diverse forms of climate change funds through carbon credits,' he said. According to him, Nigeria is still at the preliminary stage, in spite of being a signatory to the Paris Agreement of engaging in climate change activities. He added that the first step towards accessing carbon credit was to have a greenhouse gas inventory which would enable trading of emissions. Also, Country Director, AGRA, Mr Rufus Idris, s aid his organisation was working in collaboration with the federal government to enhance affordable and nutritious food productivity in the next ten years. Idris said that AGRA supports in addressing climate change, as well as increasing farmers support to ensure food security. The project seeks to enhance carbon sequestration, promote biodiversity, improve soil health, and provide economic benefits to local communities, impacting smallholder farmers across Kaduna, Gombe, Adamawa, Taraba, Bauchi, Jigawa, Niger, Nassarawa, and Kano states. The News Agency of Nigeria (NAN) reports that ThriveAgric is a fast-growing agricultural technology company, passionate about ensuring food security. The company empowers smallholder farmers, leveraging their technology to access finance, and improve productivity and sales to promote food security. Source: News Agency of Nigeria

Gen. Laka assumes office as new counter-terrorism boss

Maj.-Gen. Adamu Laka, on Thursday took over office as the new National Coordinator, National Counter Terrorism Centre (NCTC), with a pledge to sustain the commitment in the fight against terrorism in the country. The News Agency of Nigeria (NAN) reports that Laka took over from the erstwhile coordinator, retired Rear Adm. Yaminu Musa, who had been in the saddle at the centre since 2016. President Bola Tinubu has on March 26 approved the appointment of Maj.-Gen. Laka as NCTC National Coordinator under the Office of the National Security Adviser. In his remarks during the handing over, the new NCTC boss called for total support of all staff to be able to deliver in the mandate of the centre. He said the support required from the staff comes with commitment, dedication and discipline, adding that the NCTC was a multi agency centre with staff drawn from different ministries, departments and agencies. 'So I expect us to all drop our baggage outside, come together and work for the greater good of Nigeria. 'Ni geria and the world in general are facing the threats of terrorism and if we don't come together to address it now while we have the chance to, will it be when we go back to our villages in Obomosho or somewhere else that will be calling those in the realms of power to help us do this, do that? 'This is the time for us to come together to solve this problem so that we retire from the services and the various ministries we worked in peace. 'So I expect nothing less than 100 per cent from my team and I don't expect anything less,' he said. In his remarks, the outgone National Coordinator, retired Rear Adm. Musa, said the centre has pioneer key initiatives of providing leadership, coordination and strategic guidance to armed forces, security, law enforcement and intelligence agencies on counter terrorism matter. Musa said the role of the NCTC became more alive as a value adding entity to other strategic and international partners on counter terrorism effort in Nigeria due to emerging threats. He said the ce ntre was established following the enactment for the Terrorism Prevention and Prohibition Act 2022 so as to meet the increasing needs with the necessary requirements for effective coordination and collaboration. He said the centre had made progress in leading national efforts in countering terrorism and violent extremism by developing coordinated strategies and integrating all counter terrorism actions. He added that the centre has continued to provide terrorism analysis, intelligence and information sharing with national and international counterterrorism partner through various counter terrorism activities at the centre. 'So this achievement actually amplified the vision of NCTC which is to be a center of excellence for counter terrorism activity in Nigeria and mobilise a stronger response to counter all forms of terrorism and violence extremism through a coordinated action based on knowledge derive from research and innovation,' he said. Musa thanked President Tinubu and the NSA, for supporting the cen ter and creating the conducive environment for him to operate as the national coordinator. He also thanked members of staff for their support and urged them to extend same to his successor. He urged his successor to be committed to the mission and vision of the center in line with national security objectives. Source: News Agency of Nigeria

COAS seeks streamlining of efforts in countering security threats

The Chief of Army Staff (COAS), Lt -Gen. Taoreed Lagbaja, has stressed the need for the military, other security agencies, government and non-government actors to streamline efforts in countering all threats to national security. Lagbaja, represented by the Chief of Policy and Plans (Army), Maj -Gen. Abdulsalami Ibrahim, made the call during the Army War College Nigeria Inter-Agency Seminar for Participants of Course 8/2024, on Thursday in Abuja. The theme of the seminar is, 'Consolidating Existing Relationship towards Effective Inter-Agency Collaboration in Addressing Multi-dimensional Security Threats in Nigeria.' He said that the volatile, uncertain, complex and ambiguous security environment require operational leadership that understood the changing dynamics. According to him, the society is still faced with violent crimes and extremism that has led to radicalisation, terrorism, banditry, militancy and other criminal tendencies while traditional measures of countering these criminalities have been in sufficient. He therefore said it was necessary to streamline efforts by all actors and stakeholders to fully contain the security threats. 'For us to tackle the security challenges this nation is bedevilled with, the cooperation and coordination between relevant government actors is required. 'Additionally, dialogue and cooperation between government and non governmental actors is vital in preventing and countering terrorism and other forms of violence. 'As an armed force, we need to see the broader public, local communities and the private sector as partners and stakeholders in our collective efforts at countering the threats around us. 'They must no longer be viewed as passive but active objects of security and law enforcement activities. This we must achieve through streamlining our efforts for the collective goal of enhancing our national security. 'Streamlining all initiatives for the country's interests to security will be premised on effective partnership between all the actors,' he said. The CO AS also said that civil societies were important stakeholders that could help to create the space for constructive engagement between the state and its citizens, so as to foster trust and understanding as both take ownership of the strategies put in place to counter the collective threats. Lagbaja added that partnership between the stakeholders would eliminate mistrust, conceptual misunderstandings and differences in understanding national security issues. 'It is with the understanding that no stakeholder or single actor by themselves can successfully counter the internal security challenges in the country. 'Accordingly, this seminar on the theme 'consolidating existing relationship towards effective interagency cooperation in addressing multidimensional security threats in Nigeria', could not have come at a better time. 'Aside from serving as a medium for appraising our collective efforts at securing Nigeria, the seminar will also afford us an opportunity to appraise our collective performances in the co nduct of various ongoing joint and multi agency operations around the country,' he added. The Commandant of the college, Maj.-Gen. Ishaya Maina, said that the seminar was part of the college's course module for the participants drawn from the Army, Navy, and Air Force, as well as allied countries of Cameroon, Cordova, Liberia, DR Congo and Eswatini, among others. He explained that the interagency cooperation module was designed to equip participants with the knowledge required to operate with government and non-governmental agencies. He said the participants had been acquainted with the fundamentals of civil military affairs and legal considerations for their actions and inactions during operations. Maina added that the course had improved the knowledge of the participants on inter-agency cooperation and coordination, legal implications and competencies in joint operational environment. The News Agency of Nigeria (NAN) reports that National Security Adviser, Nuhu Ribadu, represented by Director of Defenc e Affairs, ONSA, Maj.-Gen. Peter Mallam, delivered the main paper on 'Consolidating Existing Relationship towards Effective Inter-Agency Collaboration in Addressing Multi-dimensional Security Threats in Nigeria'. Minister of Interior, Olubunmi Tunji-Ojo was among the panel of discussants. Source: News Agency of Nigeria