The Social Exchanges of Psychological Safety

In this week's episode of Culture by Design, Tim and Junior discuss The 4 Stages of Psychological Safety in a way you might not expect. Using social exchange theory, they'll do a deeper dive to add some color to The 4 Stages model and give you additional tools and frames to use when you look at psychological safety.What is social exchange theory? (01:47) According to social exchange theory, people are motivated to engage in social exchanges that they perceive as beneficial. Tim and Junior discuss four key concepts related to social exchange theory: Costs, benefits, reciprocity, and power. What is psychological safety? (13:03) Psychological safety is a culture of rewarded vulnerability and lies at the heart of healthy social exchange. In order for a culture to be truly psychologically safe, the environment must provide something and then the participant must provide something. Tim and Junior explain that each stage within The 4 Stages of Psychological Safety has a social exchange. The social exchange for Stage One: Inclusion Safety (16:39) In stage one, we are given inclusion in exchange for lack of harm. Tim and Junior explain how this works and what the difference is between worth and worthiness.The social exchange for Stage Two: Learner Safety (23:30) In stage two, we are given encouragement to learn in exchange for engagement in the learning process. Tim and Junior explain how this works and who has the first-mover obligation.The social exchange for Stage Three: Contributor Safety (30:02) In stage three, we are given autonomy with guidance in exchange for results. Tim and Junior explain how this works and the ratio between autonomy and accountability.The social exchange for Stage Four: Challenger Safety (38:15) In stage four, we are given air cover in exchange for candor. Tim and Junior explain how this works and how to protect our people in their most vulnerable state.