A good read from Entrepreneur lays out some of the benefits private companies get when they share financials with employees.
Key quote:
"When employees see the financial ramifications of their role and their work, those revelations minimize unintentional actions that undermine business goal."
The article also includes some essentials to consideration in order to make this kind of transparency work, including the need for employees to have some basic financial literacy so they understand the numbers they're seeing.
(Full disclosure: Some of our clients use our app to make financials available to their employees in a safe, secure, easy-to-understand way.)
_______________________________
Our Big Data, Analytics & Benchmarking Tools are built to give data-driven companies better insights.
Click here to see what they can do for you.
