Increase Employee Ownership with Transparency

Posted on


Cperky's Blog

Transparency is a popular buzz word on Wall Street these days, and many investors are demanding it. However, transparency doesn’t only serve outsiders trying to understand the strengths and weaknesses of your company; transparency can play a valuable role inside the company walls, as well. By sharing numbers with employees, not just executives, you can increase employees’ sense of ownership. Especially when compensation depends on the numbers reported, employees will want to see the numbers move in the right direction.

However, being open is not enough. You need to be sure your employees are trained to understand financial statements and have enough insight into their own jobs to know how to affect the numbers you care about.

Adapted from “Transparency: The Buzz Word in Finance” by Karen Berman and Joe Knight.

View original post

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s