Financial Disclosure Engages Employees Builds Trust
Privately held companies that desire to closely guard financial information may claim â 8364; 732;What employees donâ 8364; 8482;t know, wonâ 8364; 8482;t hurt them.â 8364; 8482; But InsureMe, a leader in the online insurance referral industry, is eroding the wall of concealment standing between management and employees with an entirely different tack: full financial disclosureâ 8364;"from the top down.
InsureMe, founded in 1993 with a mission to â 8364; 339;Do the Right Thing,â 8364; believes the more employees know about their companyâ 8364; 8482;s state of affairs, the better.
â 8364; 339;Full financial disclosure leads to higher productivity, more educated decisions, better accountability and employee trust,â 8364; says Mike Sajdak, InsureMe chief financial officer. â 8364; 339;Employees are more motivated and fulfilled by their work if they can see how their efforts contribute to the companyâ 8364; 8482;s bottom line.â 8364;
InsureMe keeps its employees abreast of sales levels, gross margin dollars, revenue, online conversion rates, profit-sharing, and other financial information through emailed reports, management commentary, and company-wide meetings.
Maintaining an open-door policy which encourages employees to ask questions and express fiscal observations, the company provides internally sponsored classes to help employees decipher detailed financial information.
â 8364; 339;If we want employees to think and act like owners, we need to treat them that way. This means giving them complete financial information to help them make better decisions,â 8364; Sajdak adds.
About InsureMe
InsureMe, an Englewood, Colorado-based company, is the premier provider of online insurance leads for the insurance industry. The InsureMe service links people shopping for insurance with professionals selling it. The company helps millions of consumers each year find auto, home, life, long term care and health insurance quotes, while providing thousands of insurance agents with leads nationwide. Access the InsureMe web site @ www.insureme.com.
Financial Disclosure Engages Employees Builds Trust