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Should you open the books to employees?
At Tony Dicker we can advise business owners in the Bristol area on many of the issues you face. Here are some of the possible advantages of opening the books to your staff...
Opening the books to employees is a strategy that has been tried to varying degrees by business owners over the years, and has often proved to be successful in motivating the workforce and improving performance.
Those who have taken this route report a number of benefits:
Not every owner would want to go so far as to reveal everything to the staff, but it might be worth considering at least a little more transparency for your business.
For the strategy to succeed you will need to develop a system of reporting that provides your employees with timely financial information in a form they can work with. We would be happy to help you.
If you are in the Bristol area and are looking for support and advice from a team of professional accountants and business advisers, contact Tony Dicker.
18 May 2018
HMRC has added two new software providers to its Making Tax Digital (MTD) for income tax pilot scheme, bringing the current total to four.
17 May 2018
A study carried out by insurers Royal London has suggested that UK workers will require a pension pot of 'at least' £260,000 to ensure a comfortable retirement.
16 May 2018
A survey carried out by the Chartered Institute of Personnel and Development (CIPD) has suggested that the UK is on course to experience 'strong growth' in demand for labour during the second quarter of this year.