The Value of an Open-Book Business

Many business cultures are built around hierarchy and secrecy (or at least staunch control of the information flow).  Allowing all of the employees to see the financials?  Of course not!  Everything on a “need-to-know basis”.  These companies’ tactics are intended to keep everyone “in line” and just focusing on their specific tasks and responsibilities. A different model, embraced by Gigunda, a marketing agency, subscribes to the opposite belief.  Their open-book policy allows any and all employees access to the books so they understand where and how money is being made and spent.  Gigunda’s culture centers around “camaraderie, collaboration and transparency” and their CEO says “…the less they wonder, the more productive they are.”

Author:  Emily Maltby

Source:  The Wall Street Journal, September 2, 2011

Today’s Workplace of the Day features the creative offices of Gigunda Group, a marketing agency. But beyond comfy couches, laundry and gym facilities and recreation space, the company offers employees another perk:  Insight into the books.

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