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.)