Wednesday, February 20, 2008

Sharing Financial Information

We recently discussed teaching business literacy in In the News: Using Analogies to Teach Business Literacy. We also discussed how 17 of the 18 Winning Workplaces' fourth annual Best Bosses practice open-book management and are teaching employees how to read and understand financial documents. The latest Employee Ownership Blog post asks
Does Your Company Share Financial Information with Employee Owners?:

“Obviously handing a packet of financial information to a person will not help increase his or her interest level nor will it make him or her a more motivated worker. If he of she is like most people, they probably won’t have any idea as to what they are looking at. If a company is planning on sharing financial information with employee owners, it’s very important to provide the information in the proper context. Teaching employee owners the basics is the first step and then making sure there is an open forum to ask questions would be another.”

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