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September 15, 2008
30% of Employers Don't Update Employees on Financial Results

Thirty percent of employers say they either never update employees or keep their employees "in the dark" on financial results, according to a recent survey on HR.BLR.com and Compensation.BLR.com.

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When asked how often their organizations update employees on financial results, 18 percent of respondents said "never." Twelve percent of respondents said their organization "keeps employees in the dark" on financial results.

Still, the survey found that most employers do update their employees on financial results. Twenty-nine percent of respondents said they update employees quarterly. Twenty-two percent said annually and 17 percent said monthly. Meanwhile, 2 percent of respondents said they update employees on financial results more frequently than monthly.

The survey included 222 respondents.

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