Financial Transparency: Driving Momentum Through A Culture of Clarity

In many organizations there’s a mischaracterization between employees and leadership. Employees think leaders are living in luxury as a company grows or succeeds, and meanwhile leaders are wondering how they’ll make payroll because expenses are increasing. One way to create better direction, trust, and clarity is by developing a culture of financial literacy and transparency. Stacey Frye from ProCFO Partners shares how opening the books can positively transform an organization. Learn how when employees understand the stakes better they can be incentivized to perform better, and how one company doubled income in a particular business unit simply by not “giving away” what at one time felt inconsequential to employees.