The Challenge and Reward of Transparency Culture

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Written byElizabeth McCormick
| 4 min read
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Don’t incentivize employees with money. They don’t want it. 

Did you do a double-take? While the statement is a bit facetious, your workers expect fair compensation for the work they do, but it’s not the be-all and end-all of their motivation. In fact, it’s not even one of their top three motivators. 

The top three motivators–culture and values, career opportunities, senior leadership–account for over 60 percent of a worker’s job satisfaction. Let’s look at each of these in turn and examine how it influences–and is influenced by–a transparent corporate culture. 

Defining Transparency and Culture 

There’s a temptation to think of corporate culture and transparency as synonymous, whether that transparency is achieved yet or not. Consider the following statement by a fictional CEO: 

“Our corporate culture is one of transparency.” 

It probably strikes you as an empty phrase. The more cynical would likely start looking for transparency in practice in this executive’s organization, or worse yet, start examining the CEO for behavior consistent–and inconsistent–with the statement. 

Related Article: Building a Strong Lab Culture

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