Should You Share Financials?
Should I share financial data with my company? As a professional EOS® implementer, this is a question that I hear often. I believe that employees need enough data to know if they're winning...to know if they're doing a good job. I've seen companies successfully share just a few numbers with their staff, and I've seen companies successfully share every number with their staff.
If you decide to discuss financial data with your team, you MUST teach them basic finances first (Finance 101). Here's a few tips to get you started:
Remember one of our favorite EOS® sayings, "You have to say it seven times before you're heard for the first time." Take every opportunity to teach your team, and don't be afraid to repeat yourself.