(PRWEB UK) 30 January 2014
Transparency for managers and project managers in business is often thought of as an ethical issue, but a new study conducted by TINYpulse has revealed that it may also be a vital factor contributing to practical business success, reports Forbes. The term transparency refers to consistently open communication between management and their team, and this can play a vital role in keeping that team engaged and motivated.
According to the study, which is based on 40,000 responses, management transparency is the top factor for ensuring employee happiness. The summary said:
“This finding surprised us too, with management transparency coming in at an extremely high correlation coefficient of .937 with employee happiness. The cost of improving transparency is almost zero, but requires an ongoing dialogue between management and staff. We see an increasing number of companies using transparency to attract and retain top talent.”
ILX, a leading provider of PRINCE2 training courses, has commented on these findings. A spokesperson for the company said:
“In project management, as with more general management roles, an important element of success is how well the project manager can encourage the optimum performance from their team, and this new study highlights a surprising correlation between management transparency and employee happiness. When a project team is happy, they are ordinarily more engaged and productive. This is valuable information for project managers striving towards project success.”
ILX is a leading global provider of Best Practice learning solutions and consulting services and is a market leader in PRINCE2 training. Operating across 100 countries, they have delivered learning solutions to corporate, public, and consumer audiences for over 25 years. They have trained over 100,000 learners in more than 5,000 organisations across their virtual and online learning programmes, as well as in classroom environments.
PRINCE2® is a registered trade mark of AXELOS Limited.