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How can I get staff interested in the financial situation?

Planning questions

Even in our personal lives, we often shy away from talking about money, so it’s no surprise that raising the topic of finances in the workplace can be met with the same unenthusiastic response. However, getting staff engaged in the financial situation of your business has many long-term benefits that you shouldn’t ignore.

Ways to help you deal with it:

Action plan

Sharing financial information with employees

Effort : Medium

Impact : Medium

What information should you share with employees and what’s the best way to communicate it? Use our action plan to help you get started.

ACTION PLANS are a structured list of steps designed to help you approach tackling a particular business challenge.

We explain why each step is important
Customise by setting your own completion dates and assign tasks
Helpful tools are provided for certain steps
A downloadable PDF version of each action plan is available

Action plan

Communicating your vision for success to employees

Effort : Medium

Find out how to communicate your definition of success with employees to help turn your vision into reality.

Action plan

Use feedback to shape your business plan

Effort : Medium

Getting input from stakeholders and experts strengthens your business plan. Use our five-step action plan to get started.

Action plan

Breaking ambitious goals down into manageable targets

Effort : Medium

Impact : Medium

Follow our five-step action plan to find out how you can break ambitious goals down into manageable targets.

Guide

An introduction to getting staff interested in the financial situation

Find out some of the common mistakes companies make when sharing financial information and quick wins that can make the process easier.

GUIDES break a challenge down, providing important context and real-world experiences.

Based on SME experiences, not corporate jargon
Filled with real-world stories
Achievable steps every business can take

Other support that's available

Talking about finances with staff

Talking about finances with staff

There are many benefits of sharing financial information with staff, but how should you go about it, and what should you avoid? Business News Daily has some helpful advice.

Helping employees understand finance

Helping employees understand finance

Understanding our personal finances can be hard enough, so imagine the confusion around business finances for the majority of your staff. These easy strategies from Great Game will help you explain finances clearly.

How other businesses have tackled something similar

Mark Holden - Inn Cornwall

Real business story

Sharing financial performance with staff can lead to greater efficiency

Being open about financial reporting and using incentives tied to performance has helped Inn Cornwall build staff interest turnover and profit.

Ben Branson-Gateley, Charlie HR

Real business story

Be honest and keep it simple when communicating financial performance to staff

Communicating financial information with non-finance staff can be a daunting prospect. However, Charlie HR has shown it can build trust, inspire innovation and boost sales.

James McNicol

Real business story

Employee insight is an essential part of business planning

Inviting employees to share their ideas is an essential part of business planning for recruitment agency EA Change.

The questions lots of businesses are trying to answer

What issue is keeping you awake at night? A bit of targeted support is often all you need to overcome those challenges.

Select a topic

Digital

How can I improve the digital presence my business has? How should I go about collecting data to improve my business? How should I use the data I have to improve decision making? How can I streamline and automate some of our business processes? How do I work out the best digital sales channels to use? How do I assess and choose the right technology to improve business operations? How do I effectively seek external digital support? How can I understand what digital tools or support my business needs? How do I know if my technology is robust enough for growth? How should I best budget and plan for new technology investments?

Leadership & Strategy

How do I learn to become a better leader? How do I improve the communication in my business? How do I get staff interested in our vision and values? How can I reflect on my own strengths and weaknesses as a leader? How do I give my team autonomy and get better at delegating? As a leader, how do I learn to trust others within my organisation? How do I apply learnings from other businesses to my own company? How should my role as a business leader evolve with the company’s growth? How can I balance short-term needs with long-term targets? How do I get better at noticing and reacting to warning signs?

People & Team

How can I improve my hiring and onboarding practices? How can I develop the skillsets of my workforce? How can I develop career paths for my staff? How can I run a better appraisals process? How should I performance manage my staff? How do I deal with a challenging member of staff? How can I increase staff engagement and motivation? How can I keep my best members of staff? How do I manage an effective remote workforce? How can I reduce employee turnover?

Planning

How do I better inform my business plans? How do I know when to scale up my business? How can I define and communicate my vision for success? How do I ensure my business can navigate a dip in trading? How do I know when to invest in my business? How can I get better at looking internally at my business? How can I get staff interested in the financial situation? How can I make my business more resilient to change? How can I balance ambition with setting realistic goals? How can I work out what required skillsets are missing in the business?

Sales & Growth

How can we develop new products and services? How do I develop a clear unique selling point? How can we better serve our most loyal customers? How do I financially plan for new opportunities? How do I build a network to support my business? How can I get a better return on investment from my marketing? How can I identify new customers to target? How do I create targets and KPIs for my staff? How do I make sure my team and processes are ready for growth? How do I benchmark my business against competitors?