Do you think startups should be transparent with their employees about their financials?

Ie: taking about them frequently in regular townhall meetings

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In my experience, the more open a company about their finances during Town Halls, the better it is as a place to work. And, if you start to see those details disappear it suggests that the company culture is changing (usually for the worst). I've seen it happen at a few companies.

I recognize that they cannot say EVERYTHING, but I appreciate open communications and sense that employees can be trusted with the information.

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It isn't so much that I care about the information, it is rather that when companies are more open about financial stuff they tend to me more open and honest with employees in general.

I've worked at a couple of companies where the Town Halls were nothing more than "Rah! Rah! we're so great", but no actual substantial information was shared. Those companies were process heavy, top-down, and very political.

IMHO, if the Town Hall meetings get less informative and are more cheerleading sessions it may be time to move on.

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I feel like there's kind of a fine line with this stuff because if they share too much they could end up unnecessarily worrying everyone.

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That's fair, but at least some high level overview at least

Yes, I really do think so. It just seems to be this big secret that nobody will talk about and it really makes me wonder.

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I could see some benefits in doing so, but there are also concerns of causing unnecessary panic. I just feel certain conversations should be reserved for leadership.

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Hmm would rather not disclose unless asked of it. Sometimes it could be an unnecessary info/worry for employees. I'd accept a warning if things are dire but my job is to focus on my role. FInancials are for admin.

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Like my manager just tells me not to worry and that I'll get my paycheque on time

My company tells us monthly what the financial situation is and tells us the goals for that. We know how long they can keep the lights on with cash on hand at our current operational budget if we didn't get paid by any of our clients from that day on. We have open discussions where we can ask any questions and understand all the numbers.

Being in a start up or not, I really like this. The more transparency, the better. If you're getting all or some of your compensation in equity, then definitely.

I would love this level of transparency.

Absolutely.

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