Share Financial Information with your People

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What?  Are you saying I should tell employees how much money we make and where it all goes?

Yes.  Giving out your financials to people on your payroll may seem like a big mistake.  Why would anyone want to do that?  You may think it’s none of their business and if they know too much they may use the information against you with jealous motives.

For more get the eBook:

https://www.smashwords.com/books/view/483259

enviroment cover

 

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10 thoughts on “Share Financial Information with your People

  1. Jon says:

    A great piece of solid advice here. Not only will creating a sense of ownership through sharing financials encourage them to be better stewards when dealing with the companies resources, it will also increase their performance and satisfaction at work. Ownership, autonomy, and mastery are often the 3 traits employees desire to be satisfied with their work (and we all know happy workers are better workers).

  2. Have been doing this for 10 years and I can say it works. It leads to a committed workforce who are engaged with the business.

  3. Excellent post. The only information I don’t share is the other employees salaries. Beyond that, we make sure that everyone knows how we are doing fiscally. It does promote a sense of pride and ownership between everyone.

  4. I have to agree with you. We tell our staff all of the financials for our practice. They feel like it is there business as well and we are doing well they get excited and when things are tight they have excellent ideas of how to save. 🙂

  5. Bravo Cranston – I totally agree with this post!
    Diana

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