UK employees are leaving their jobs because they are denied information about their organisation in the workplace, according to new research released today by KPI dashboard specialist, Geckoboard.
The research found that a quarter (26%) of workers have left a job due to a lack of business transparency. Over four in five (80.4%) respondents said they wanted their bosses to share more information with them, with less than one in 10 (9%) reporting that they are aware of company progress in real-time.
Paul Joyce (@paulmjoyce), CEO of Geckoboard, said:
“They say no news is good news; however our research shows that this is far from the case when it comes to business management. Without a clear view of the company position, how can we expect our employees to make the right decisions and perform against business KPIs to drive business growth?
“Ditching the style of mushroom management and instead adopting a clear, transparent data position with staff will not only boost morale, but will help a business get the most out of its employees.”
The lack of transparency appears to be building a culture of mistrust, with four in five (79%) saying that they did not trust their bosses who failed to share company data. Over a quarter (28%) of employees also believed the dearth of company information provided stemmed from their bosses playing power games. This level of suspicion is creating a vicious circle, with half (52%) of employees resorting to their own detective work to discover what’s really going on in their company.
With half (50%) of British staff saying that company information had a significant impact on how they contributed to the overall performance of the organisation they worked for, data transparency clearly has a great link to productivity and efficiency. More than nine in 10 (93%) said they would rather hear bad company news than be left in the dark.