A transparent workplace is becoming ever more important. Many companies think they’re good at it but few truly are. It’s a bandwagon worth jumping on, though, for the impact it has on your business.

A third of employees cite a lack of open, honest communication as the leading cause of low morale. Low morale leads to disengaged workers and they can be very bad for business.

But, like anything in life, the bounty of workplace transparency doesn’t come without a price. Most significantly, it can compromise the security of your business. So how do you strike the right balance between pain and gain?

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