Why Transparency In The Workplace Can Help Your Business Grow

3 min read |

Last Updated on 16 July 2024

In organizations today, we see diverse work cultures. Each of them has its ideologies and beliefs to keep their business going. Leaders keep no stone unturned to adapt themselves to the new age cultures and values so that every member of the organization feels motivated and engaged in their jobs. When leaders are transparent, problems are solved faster. By being open and honest about company problems, employees can help find solutions.

Transparency in the workplace is one such core value that every organization should practice for better productivity, greater employee engagement, employee satisfaction, and more.

The characteristics of a transparent workplace are communication, honesty, regular feedback, respect, and admitting wrong. Transparency is the openness shared by the employer and the employees.

I think the currency of leadership is transparency. You've got to be truthful. I don't think you should be vulnerable every day, but there are moments where you've got to share your soul and conscience with people and show them who you are, and not be afraid of it. ~Howard Schultz

6 Key Steps To Promote Transparency In The Workplace

1. Build Stronger Teams

Teamwork is very crucial for any organization. Team members work relentlessly to complete the organizational tasks at hand. For a smooth process and better results, all the members must keep each other updated and maintain transparency. Transparency would allow them to communicate effectively, provide constructive feedback, solve problems, and inter-personal relationships. This helps build stronger teams and also increases their work efficiency collectively.

2. Builds Trust

Transparency in the workplace breaks unnecessary confusion in the workplace. It allows every member to put across their views and ideas. It helps build trust among co-workers and management. Trust is so vital in the workplace. It is that invisible thread that keeps any community or people to sustain a healthy relationship.

And in the workplace, it is of utmost importance since the work environment has diverse people. This gives enough room for conflicts and misunderstandings to grow. This directly affects the work environment and its productivity in the long run. Therefore, having transparency in the workplace is crucial.

3. Improves Motivation

We all are aware of the importance of employee motivation in an organization. It is one of the significant factors for productivity and organizational growth. Would you keep yourself motivated to do your job when you are not fully aware of the tasks or how it impacts your organization? Millennials must understand all the departments and organizational missions before they put their mind and heart to work.

Clarity gives them the motivation to function better and stay more engaged. When transparency becomes a core organizational priority, it fills this gap.

4. Improves Boss-Employee Relationship

An employer expects trust, respect, and productivity from its employees. An employee seeks the proper feedback and genuine appreciation for their work along with trust and respect. But often fail to build that rapport because of poor communication, or precise, transparent communication. When they bring more transparency in their approach, they create a better boss-employee relationship.

5. Better Engagement

Harvard Business Review’s 2013 employee engagement survey revealed that 70 percent of those surveyed say they’re most engaged when senior leadership continually updates and communicates company strategy. Transparency in the workplace gives open and candid space for the management and its employees. Employees are more accountable in a transparent culture and are more engaged in their jobs.

LinkedIn CEO Jeff Weiner fosters an organization built on transparency. He even takes the time to hold bi-weekly meetings. He updates employees on company matters and listens to their suggestions.

6. Improves Communication

Effective communication can take your business to great heights.

Business is for the people by the people. No matter how small or big your organization is or what kind of business you are into. To succeed in it and to grow, you need to establish effective communication.

To get work done, one needs to understand the delegated tasks effectively. There should be good communication between the teams and their managers. When the transmission of information is scattered, it will keep the employees confused and affect their productivity. Therefore, transparency in the workplace can fill those gap and makes the communication process run very smooth.

Finally!

It is for all to understand the fact that people run businesses. People in a workplace feed on each other's energies, and by practicing workplace transparency, they build respect and equality. Do let us know your view on transparency and what more steps we can implement to improve it.

This article is written by Braja Deepon Roy. He works as a Content Creator and Digital Marketer at Vantage Circle. He actively participates in the growth of corporate culture and keeps himself updated in this space. For any related queries, contact editor@vantagecircle.com