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Should you open the books to employees?
At Connected Accounting we can advise business owners in the St Albans 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 St Albans area and are looking for support and advice from a team of professional accountants and business advisers, contact Connected Accounting.
01 Jul 2022
The UK's businesses are facing a perfect storm of increasing costs and time is running out for the government to act, the British Chambers of Commerce (BCC) has warned.
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24 Jun 2022
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23 Jun 2022
The UK government has announced plans to strengthen rules on 'buy now pay later' services, improving protection for users of the short-term credit.
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Get in touch with us today for a fresh perspective and a free consultation.