LONDON--(BUSINESS WIRE)--U.S. and U.K. employees are experiencing an information blackout at work, causing nearly one in four (23.3%) employees to head for the door, according to new research released today by KPI dashboard specialist, Geckoboard. The research found that over four in five (80.8%) employees wanted their bosses to share more information with them concerning the business, with less than one in ten (9.7%) employees being aware of company progress in real-time. `
According to the research study, conducted in August 2015 among 2,000 employees in the U.S. and U.K., companies seem to be adopting a “Mushroom Management” approach, which involves keeping employees in the dark on company matters.
This lack of transparency appears to be building a culture of mistrust, with more than three in four (76.3%) saying that they did not trust their bosses who failed to share company data. Over a quarter (26.9%) of employees also believed the dearth of company information provided stemmed from their bosses playing power games. This level of suspicion is creating a vicious circle, with half (50.9%) of employees resorting to their own detective work to discover what’s really going on in their company.
With more than half (54.5%) of employees saying that company information had a significant impact on how they contributed to the overall performance of the organization they worked for, data transparency clearly has a great link to productivity and efficiency. In fact, more than nine in ten (93.9%) said they would rather hear bad company news than be left in the dark.
“They say no news is good news; but our research shows this is far from the case when it comes to business management,” said Paul Joyce, CEO of Geckoboard. “Without a clear view of the company position, how can we expect employees to make the right decisions and perform against business KPIs to drive business growth? Ditching the style of mushroom management and instead adopting a clear, transparent data position with staff will not only boost morale, but will help a business get the most out of its employees,” said Joyce.
Based in London, Geckoboard is a leading provider of real-time KPI dashboards for businesses of all sizes. More than 3600 companies including Nike, Dow Jones, and BBC use Geckoboards to monitor performance and provide employees with visibility into critical business metrics. Cloud-based with no on-site installation required, Geckoboard offers pre-built integrations with 60+ tools including Google Analytics, Salesforce, Zendesk, Mixpanel, Github, Intercom and Google Sheets. Geckoboard is backed by Index Ventures, DN Capital, 500 Startups, as well as several prominent angel investors. For more information, visit www.geckoboard.com.