The Importance Of Accountability And Ownership

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Main Question: Should a co-worker know how much you earn Main Ideas: Compare and contrast how changes to transparency over incomes will either reduce inequality or if it breaches the privacy of individual’s information. Give examples of each agreement from political parties in your answer For: It Encourages Accountability and Ownership If you expect people to act like owners of the business, you need to give them information about how the business is doing, whether good or bad. It’s very difficult for people to feel a sense of ownership if they are siloed and kept in the dark about the fundamental operating metrics of the business, it’s revenue and it’s growth. By sharing those numbers—and treating people like adults who can maintain confidentiality—you…show more content…
Some might find the environment a little too transparent. While this might seem like a downside, if they want to stay and challenge the status quo (and their salary), they know exactly what to do. Transparency will increase competition. It’s not up to you to stop your employees from competing with one another, but it’s your responsibility to make sure that no matter the outcome they feel motivated to work and try again. As an employer, you should reward improvement, and reward excellence—this is the perfect way to balance the…show more content…
Conclusions will be drawn Based on Incomplete Information It's nearly impossible to make one-to-one comparisons between employees. Everyone's circumstances are different. If you're talking about pay with people that you work with at your same company, those individuals may be compensated differently based on the job they have or their previous experience or their education or maybe some specific certification Outside of your workplace, it gets even more complicated, because organizations have different budgets and philosophies about pay. Salaries also vary depending on the industry and the size of the company. Your Friends May Feel Forced to Lie to You When it comes to pay, it's hard to know whom to trust. The problem with talking about pay with other individuals is that it may or may not be reliable
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