We All Want Transparency in the Workplace
Posted: Tue Jan 21, 2025 6:53 am
Employees in your organization want to be communicated with openly, companies are boasting the policies that support this style. This is due in part to findings from reports saying 46% of employees are seeking new employment because of their current organization's lack of transparent leadership.
As with any employee management tactic, the practice is far more complicated in implementation. We talk a lot about balance, in diet, leisure and so on. When it comes to a career, we often associate the term with its relationship to work and life. Of course, if asked about transparency in the workplace, more often than not the simple answer is, “we want more, more, more.” And, just like anything else deemed desirable, the answer should be, “we want more balance.”
Embracing Transparency
Recently, Business Insider took a deep look at Bridgewater Associates, a billion dollar oman phone number library company of 1,700 employees who take their recruiting process very seriously. It takes hours, surveys, personality assessments and phone interviews to be deemed a cultural fit for the organization. They call it “radical transparency,” a term that refers to the practice of encouraging employees to constantly challenge each other and reflect on decisions and mistakes. They choose a sometimes painful approach because of the company’s devotion to constant improvement. Subordinates challenge the decisions of leaders and vice versa. No one is immune and that means everyone experiences progress.
This linear approach to feedback is considered desirable because it is believed to build better company alignment along with development. Studies have shown that 97% of employees and executives believe a lack of alignment impacts the outcome of a task or project. However, businesses with effective communication are 50% more likely to have lower employee turnover. Projects are more efficient and employees are more connected to their responsibilities, growing individual accountability.
As with any employee management tactic, the practice is far more complicated in implementation. We talk a lot about balance, in diet, leisure and so on. When it comes to a career, we often associate the term with its relationship to work and life. Of course, if asked about transparency in the workplace, more often than not the simple answer is, “we want more, more, more.” And, just like anything else deemed desirable, the answer should be, “we want more balance.”
Embracing Transparency
Recently, Business Insider took a deep look at Bridgewater Associates, a billion dollar oman phone number library company of 1,700 employees who take their recruiting process very seriously. It takes hours, surveys, personality assessments and phone interviews to be deemed a cultural fit for the organization. They call it “radical transparency,” a term that refers to the practice of encouraging employees to constantly challenge each other and reflect on decisions and mistakes. They choose a sometimes painful approach because of the company’s devotion to constant improvement. Subordinates challenge the decisions of leaders and vice versa. No one is immune and that means everyone experiences progress.
This linear approach to feedback is considered desirable because it is believed to build better company alignment along with development. Studies have shown that 97% of employees and executives believe a lack of alignment impacts the outcome of a task or project. However, businesses with effective communication are 50% more likely to have lower employee turnover. Projects are more efficient and employees are more connected to their responsibilities, growing individual accountability.