THOUGHT LEADERSHIP
The Rise of Organizational Transparency
Transparency is here to stay. What level of transparency is best suited for your organization?
What is it?
- Transparency means being open and sharing information around processes, decision-making, and data, with the goal of increasing understanding, collaboration, and communication throughout the organization.
Why does it matter?
- Organizations are being pushed towards increasing transparency by external pressures including influential organizations and changes in legislation, as well as employee expectations.
- Organizations must exercise caution and determine the levels of transparency that are most suitable for them. Transparency is a spectrum and is most effective when approach with intention, rather than increasing transparency for the sake of it.
- Transparency in the workplace has several benefits including increased engagement, innovation, performance, inclusivity, efficiency, and employee trust.