Employees Are Demanding Transparency - Here's What Organizations Need to Know, According to HR Advisory Firm McLean & Company

TORONTO, Oct. 26, 2022 /PRNewswire/ - As organizations experience pressure from employees and other influential organizations to be more transparent amid an already-challenging labor market, McLean & Company, one of the world's leading HR research and advisory firms, has released the timely resource The Rise of Organizational Transparency. This data-backed blueprint was designed to help HR leaders understand the spectrum of transparency and determine organizational readiness using five key criteria.

The movement toward organizational transparency is driven by employee expectations as well as external pressures, such as the publicized transparency in pay, succession planning, decision-making, and other processes by major organizations like Microsoft, Adobe, and Glassdoor. While organizational transparency might be daunting to some, almost three in four employees want their employers to provide more transparency, equating to nearly 75% of the workforce supporting more transparency around salaries, job growth opportunities, and more.

"There is no one-size-fits-all approach to organizational transparency," says Janet Clarey, director of HR research and advisory services at McLean & Company. "The level of transparency an organization implements can fall anywhere on the spectrum, from zero transparency to radical transparency. Different levels of transparency can be used for different HR programs, organization processes, and operations, and can even vary between internal and external stakeholders."

According to the McLean & Company Engagement Survey Database, employees who felt they understood the reasoning behind leadership decisions were 3.7 times more likely to be engaged and 3.6 times more likely to agree that their organization supports an inclusive environment where individual differences are valued and respected. Employees who felt their organizations' transparency around HR functions was actively being implemented were 1.4 times more likely to rate their HR department as highly effective, as outlined in the firm's 2022 HR Trends Report.

However, organizations need to exercise caution and determine which level of transparency is most suitable for them while responding to employee and external demands. The new McLean & Company industry research will help organizations address the call for transparency in a way that makes sense for both the business and its employees, highlighting five critical criteria that must be considered when evaluating transparency readiness:

For HR leaders considering whether increased organizational transparency is the right fit for their organization, The Rise of Organizational Transparency is available to assist in assessing organizational readiness.

To learn more about McLean & Company or to download all the latest research, visit hr.mcleanco.com and connect via LinkedIn and Twitter.

Through data-driven insights and proven best-practice methodologies, McLean & Company offers comprehensive resources and full-service assessments, action plans, and training to position organizations to meet today's needs and prepare for the future.

McLean & Company is a division of Info-Tech Research Group.

Media professionals can register for unrestricted access to research across IT, HR, and software and over 200 IT and Industry analysts through the ITRG Media Insiders Program. To gain access, contact pr@mcleanco.com.

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SOURCE Mclean & Company