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Earlier only limited information was shared with employees, enough to get the work done. Individuals were not aware of what their peers were working on or what was the end purpose of their actions. They were not aware of how their company was faring. Whether it was in profit or loss, they remained woefully uninformed.
Solution for the management is to openly talk about the company’s growth in recent times. Employees should be told if the company is in profits or losses so that they can boost their efforts accordingly. If it is in profit, some of the benefits can be passed down to its employees as well. It helps to foster a more positive connect. And if it is not doing well, employees can increase their efforts to make sure the company is set back on track.
This is not to say that critical trade secrets should be made public, but it would be fair to say that inclination should be more towards being open.
