Short answer: Because it is the right thing to do.

Watch on YouTube.

I have been a long time believer that transparency is a good thing for good people and good businesses. If you got nothing to hide, you shouldn’t have a problem with transparency in business. It will help the good businesses get better and get rid of the bad businesses quicker.

The above video is a great interview from TechCrunch TV with Buffer co founders Joel Gascoigne and Leo Widrich. They discuss why transparency is important to them and how it helps them.

These are a few quotes from the video.

 

Transparency makes it easier, it stops you having to remember what you have said to one person and you cant say to another. 

Other people open up a lot more if you if are transparent. 

Default to transparency 

 

I also stumbled across their open salary policy on their blog which is the most transparent of any company I have ever seen. They explain the open salaries a bit more in the video below. It is also well worth a watch.

Watch on YouTube

Originally posted on ChrisHeffer.com