Transparency in the workplace means welcoming open and honest criticism, sharing all the good and bad news with employees, and keeping them in the loop. Building business transparency promotes positive working culture and it strengthens the employee’s engagement and loyalty. Today, we’ll discuss the importance of transparency in the workplace; and tips for leaders to become visible, and achieve transparency.
Strategies to Become Transparent Leaders
- Setting up a consistent policy and regulations for leaders and managers
- Conducting regular meetings to let them know about the latest development
- Encouraging employees and team members to give them honest and constructive feedback
- Implementing open door policy and asking the top management to do the same
- Having one-on-one meetings with employees and building a personal connection with them
Characteristics of Transparent Workplace Culture
- Builds a better workplace culture
- Improving customer relationships
- Personal commitment of employees to great transparency
- Promotes trust and accountability among employees and workers
- Gathering the latest information, so that they could perform their job efficiently and effectively
Statistical Facts about Workplace Transparency
- 46% of employees said that limited transparent communication from the leadership makes them find a new job
- 55% of the managers and leaders said that their companies are very transparent; only 18% of the employees agreed to it
- 80% of the employees and team members want to know about the decision-making method of their leadership
- 87% of the employees want to work in a transparent working environment
- 50% of the workers said that limited transparency is holding them back
Importance of Transparency in the Workplace
Let’s discuss the importance of transparency in the workplace; they’re as follows;
Building Trust to Improve Working Culture
In order to earn the trust and confidence of employees and stakeholders, companies focus on becoming transparent and visible. When businesses and companies can freely share information, it encourages their employees to do the same and they perceive the organization as trustworthy.
However, when there is trust between the employees and the organization, it strengthens their bond and relationship. People love to work in a team and collaborate with each other, and it flourishes the working culture. According to an estimate by Edelman Barometer, one in every three employees doesn’t trust their employers and management.
Employee Engagement
Many research studies have shown that employees and team members trust those who exhibit advocacy and higher user engagement. According to an estimate by Gallup, 96% of the engaged employees trust their management; 46% of the disengaged employees trust their management. When the leadership and the top management share all the information with their employees and team members, they serve as brand ambassadors and advocates for the company.
Boosting Motivation Level
If the company’s working environment promotes transparency, then it boosts the morale and confidence level of employees. According to an estimate, approximately 33% of the employees said that limited open and honest communication would negatively impact their morale and confidence level.
Improving Innovation & Knowledge Sharing
A transparent and open working environment decentralizes the power and encourages them to make decisions. They may try and experiment with new things and they may fail, but this is how you empower them and allow them to become the best version of themselves. Employees and team members would share the information and learn from each other. Innovation and creativity happen when they openly and selflessly share knowledge and information.
Promoting Accountability
Many research studies have shown that a transparent working environment promotes accountability among employees and leadership. An open and transparent working culture would promote innovation and accountability in the working environment. The research study of Rawlins and Tomlinson showed that the transport working environment has a great implication for promoting trust and accountability among employees and team members.
Improved Business Performance
Many research studies have shown that 30% of businesses and companies perform better than their competitors with a transparent and open working culture. Successful CEOs, managers, and leaders promote and foster an open and transparent working culture. In short, transparency plays a key role in making the organization successful and sustainable.
Better Team Collaboration
Transparent working culture promotes open and honest communication. Open communication among employees and team members improves collaboration and coordination while working. In remote work, people spend approximately 50% of their time more in collaboration and user engagement. Approximately 97% of the employees and workers believe in the fact that team collaboration would play a key role in the success of the project.
Conclusion: Significance of Transparency in the Workplace | How to Build and Maintain Transparency in the Workplace
After an in-depth study of the importance of transparency in the workplace; we have realized that transparency and visibility are highly significant for a company’s growth and success. If you are learning about the transparent working environment; then you should keep in mind the abovementioned factors, characteristics, steps for leaders, and statistical facts.
Ahsan is an accomplished researcher and has a deep insight in worldly life affairs. He goes Live 3 days a week on various social media platforms. Other than research writing, he’s a very interesting person.
