WPA’s Open-Books Policy Highlighted in Fast Company Article
People aren’t supposed to talk about their paychecks with their coworkers, much less other employees’ paychecks. That’s been the accepted wisdom for a very long time. But now some businesses, including Work Program Architects, are challenging that assumption and experimenting with open-books policies in the office. Recently, WPA CEO Mel Price and Associate Principal Erin Agdinaoay shared WPA’s experience with the readers of Fast Company. They write:
Some of the results of our transparency work were expected. The culture of openness built trust. Managers were more likely to trust the staff to be responsible with their time and the firm’s finances, while staff could trust that managers were being honest with them, even if they didn’t agree with every decision.
Pay transparency also helped us keep potential pay disparities in check, which helped foster a culture of belonging. We have found that people specifically seek out WPA as an employer because of our transparency, and that pay transparency, in particular, has contributed to our ability to be more equitable, diverse, and inclusive.
Something else happened that we didn’t expect. By openly sharing information, we were treating everyone like an owner. As a result, we had employees who behaved like owners. We knew, though, that this approach was sustainable only if we actually rewarded our team members with ownership.
Read the full Fast Company article here.
