SC_RedskinsFan Posted March 11, 2011 Share Posted March 11, 2011 I am putting up a poll as well, but i would like to know if you would open your books for employees to see? I would not, and if i had an employee wanting this, i believe that person would be looking for another job. Link to comment Share on other sites More sharing options...
Burgold Posted March 11, 2011 Share Posted March 11, 2011 I'm starting up a not for profit so I have no choice. I have to. Link to comment Share on other sites More sharing options...
Corcaigh Posted March 11, 2011 Share Posted March 11, 2011 We share a lot of financial data with employees, but not salaries. Link to comment Share on other sites More sharing options...
twa Posted March 11, 2011 Share Posted March 11, 2011 Not only no,but hell no You want privileges?...buy into the company Link to comment Share on other sites More sharing options...
chipwhich Posted March 11, 2011 Share Posted March 11, 2011 No. And not many would. Link to comment Share on other sites More sharing options...
No_Pressure Posted March 11, 2011 Share Posted March 11, 2011 A private business? Of course not. I might share information with my employees but certainly not salaries and certainly not at all with the public. Link to comment Share on other sites More sharing options...
SkinsHokieFan Posted March 11, 2011 Share Posted March 11, 2011 Not private. Public companies of course have to. And of course being a proposal guy on my day job, I know exactly what my company makes on every single deal and what everyone's salary is, from the CEO to the janitor My business on the side? Link to comment Share on other sites More sharing options...
Destino Posted March 11, 2011 Share Posted March 11, 2011 1 - As we have seen with public companies sharing financials doesn't create some sort of chaotic environment where everyone demands a percentage. This myth needs to die. 2 - As a private business owner the question would be simple: who is asking and why? If, for example, someone is looking to partner up and they are bringing enough value to justify the proposal I would if it makes sense to do so. I don't think the "books" should be viewed like a teenage girls diary filled with embarrassing secrets... at least not the way I do business. Maybe if I had something to hide I'd be more resistant in general. The bottom line is, if it makes sense to do so, absolutely. Link to comment Share on other sites More sharing options...
renaissance Posted March 11, 2011 Share Posted March 11, 2011 Why not share salaries? Link to comment Share on other sites More sharing options...
SkinsHokieFan Posted March 11, 2011 Share Posted March 11, 2011 Why not share salaries? Thats a big no no. Private information for 1, and secondly you don't want everyone in the company knowing what other people make. Causes a very bad enviornment. Certain people need salary data to do their job, but by and large its limited Link to comment Share on other sites More sharing options...
SC_RedskinsFan Posted March 11, 2011 Author Share Posted March 11, 2011 I would agree that if a partner was coming in it would be ok. But that is different then a employee demanding to see them... I don't think it is about hiding anything, it is none of their business how much the company makes. Maybe this is different for big companys, but thats how it works for small business imo. Link to comment Share on other sites More sharing options...
mardi gras skin Posted March 11, 2011 Share Posted March 11, 2011 I'm starting up a not for profit so I have no choice. I have to. Right. I've only started non-profits so open books is a way of life. But I'm not wired right to run a business the way its usually run. If I started a for-profit company the books would be just as open. Link to comment Share on other sites More sharing options...
Destino Posted March 11, 2011 Share Posted March 11, 2011 Why not share salaries? Because you don't want every employee ****ing about their pay compared to someone else they consider to be inferior? ---------- Post added March-11th-2011 at 11:41 PM ---------- I would agree that if a partner was coming in it would be ok. But that is different then a employee demanding to see them...I don't think it is about hiding anything, it is none of their business how much the company makes. Maybe this is different for big companys, but thats how it works for small business imo. I've worked with small businesses that didn't care or that shared it with employees because they were very proud of growth and viewed it as evidence of a plan that worked. Link to comment Share on other sites More sharing options...
twa Posted March 11, 2011 Share Posted March 11, 2011 it is none of their business . That part sums it up well for me :evilg:.....,you non-profits make it anothers business by getting out of taxes. Link to comment Share on other sites More sharing options...
JMS Posted March 11, 2011 Share Posted March 11, 2011 Not only no,but hell noYou want privileges?...buy into the company Here is the problem wth that... (1) The NFL owners are saying they are loosing money and their current business structure is not viable... thus requiring the Unions to take less money off of what has been negotiated. The NFL owners are saying this even though the TV contracts they have signed have gotten much more profitable not less profitable. (2) The NFL owner have already been found to be in breach of their labor agreement with the union last week. A federal judge found that the owners took a lower TV contract than they otherwise could have gotten in exchange for guaranteed money after the lock out. The Players contracts are tied in part to the TV contracts. Thus the Players are owed several hundred million dollars of the 4 billion the NFL has set aside for their lock out fund. (3) Last year seven MLB teams financial records ended up in the public domain. IT showed that MLB teams which also were claiming they had an untenable business model requiring lower player salaries actually were paying themselves huge salaries or were paying companies they owned huge consulting fees to cook the books. Link to comment Share on other sites More sharing options...
Burgold Posted March 11, 2011 Share Posted March 11, 2011 Right. I've only started non-profits so open books is a way of life. But I'm not wired right to run a business the way its usually run. If I started a for-profit company the books would be just as open. What's your not for profit about Mardi? Link to comment Share on other sites More sharing options...
Predicto Posted March 11, 2011 Share Posted March 11, 2011 Depends on the context. If I was in labor negotiations, for example, and claiming that I had to cut everyone's pay by 30 percent because I was losing money, then I might find it appropriate to open up the books to prove that I wasn't lying. :whoknows: Link to comment Share on other sites More sharing options...
Burgold Posted March 11, 2011 Share Posted March 11, 2011 That part sums it up well for me :evilg:.....,you non-profits make it anothers business by getting out of taxes. Absolutely. Pluses and minuses to it too. Link to comment Share on other sites More sharing options...
maxiumone Posted March 11, 2011 Share Posted March 11, 2011 Maybe, if I was looking for investor I would allow others to review my books even as a private company. Link to comment Share on other sites More sharing options...
renaissance Posted March 11, 2011 Share Posted March 11, 2011 Actually, not publicizing salaries creates a more tense environment bc people are left wondering and assuming what others make. And they're not dumb, they know you're hiding it for a reason. Link to comment Share on other sites More sharing options...
twa Posted March 11, 2011 Share Posted March 11, 2011 Here is the problem wth that...(1) The NFL owners . Are a racket and not a normal business....just like ins companies They should require open books for anyone with a anti-trust exemption. Link to comment Share on other sites More sharing options...
skinfan2k Posted March 12, 2011 Share Posted March 12, 2011 the business owner better reveal what he is making. He has a union of specialized workers that are rare in the entire world Link to comment Share on other sites More sharing options...
LD0506 Posted March 12, 2011 Share Posted March 12, 2011 It is laughable that people want to draw parallels between the NFL and private companies. They're not, they are a special case with a federal anti-trust exemption selling a "product" that is ephemeral and wholly dependent on the individual employees themselves, not simply positions that can be easily filled by others. This whole thing seems more like a contentious divorce proceeding, the hubby feels he's giving her enough already, she doesn't need to know what he has squirrelled away. Link to comment Share on other sites More sharing options...
grego Posted March 12, 2011 Share Posted March 12, 2011 Depends on the context. If I was in labor negotiations, for example, and claiming that I had to cut everyone's pay by 30 percent because I was losing money, then I might find it appropriate to open up the books to prove that I wasn't lying. :whoknows: right. and also, by not opening up my books, i am virtually certain of losing my workforce, which happens to be, for all intents and purposes, irreplacable. (and happens to be the product) so, i wont make any money. but under normal circumstances, i wouldnt open my books. Link to comment Share on other sites More sharing options...
twa Posted March 12, 2011 Share Posted March 12, 2011 Why are they irreplaceable? Link to comment Share on other sites More sharing options...
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