With the advent of the Internet and big data, businesses leaders are slowly changing their mentality from a “need to know” basis to complete transparency. Companies that have become more transparent have seen a huge boost in morale. It’s unsurprising then that many businesses are now looking for easy ways to increase data transparency. One of the most efficient and popular methods is implementing business dashboards. A dashboard displays key metrics and data on the state of a business without bias so everyone can see areas that are performing well and where they can make improvements.
So why do dashboards and data transparency increase employee morale? There are several reasons:Learn how dashboards and data transparency can increase employee morale Click To Tweet
Improves team cohesion
For companies to reach their goals, all team members need to be on the same page. In order to do this, everyone needs to have access to their key metrics so they can all see what works and what doesn’t in real-time. This enables everyone to be informed and make better, quicker decisions.
When team members all feel more informed and involved, studies suggest they put more effort into work and deliver more productive results. As employees begin to understand their transparent organization’s target metrics, they are able to generate better ideas, test solutions and solve issues together throughout their departments and the entire organization. More importantly, data transparency promotes open communication as everyone has access to the same information.
Identifies problem areas quickly
It might be tempting to hide key metrics from employees, especially when things aren’t going so well. However, the benefit of being completely transparent is your team will immediately know where they need to focus their efforts. Instead of working in silos, the team can come together and quickly correct the course based on real-time data.
Whether these metrics are shared on a minute-by-minute, daily or weekly basis, they can improve performance for both short and long-term goals.
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By using business dashboards, employees can immediately see when a key metric changes. Organizations can even use LCD monitors throughout their office or their intranet to display employee dashboards. This can act as a huge morale booster as it proves that their hard work and time paid off. It helps bring the team closer together through a shared feeling of achievement. This ultimately leads to a greater sense of community and dedication to the company. Showing them the results of their hard work provides a very strong incentive to keep pushing forward.
Ultimately, data transparency not only helps you improve your key metrics and overall business performance, but it also helps with employee happiness and retention.Data transparency not only helps you improve your key metrics and overall business performance, but it also helps with employee happiness and retention. Click To Tweet
Interested in building a transparent organization? Read more here.
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