Why You Should Include Employees in End-of-Financial-Year Results
As the financial year comes to a close, organisations often focus on reporting outcomes to shareholders and leadership. But there's another group that deserves to be part of the conversation: your employees.
Including employees in end-of-financial-year (EOFY) results isn’t just a nice-to-have; it’s a powerful way to build transparency, trust, and alignment across the business.
Here’s why it matters more than ever:
1. Enhances Transparency and Trust
Sharing EOFY results signals that leadership values openness. When employees are kept in the loop, it reduces uncertainty, cuts down on rumours, and reinforces trust in company leadership. People feel more secure in their roles when they understand the organisation’s financial health.
2. Fosters Engagement and Ownership
When employees can connect their day-to-day work to the company’s financial outcomes, it deepens their sense of purpose. They begin to see themselves not just as workers, but as contributors to business success - and that drives higher motivation, accountability, and productivity.
3. Recognises and Celebrates Contributions
EOFY is the perfect opportunity to acknowledge the people behind the numbers. Recognising team contributions, especially when tied to financial growth or stability, boosts morale and helps retain top talent. A little appreciation goes a long way in strengthening team spirit.
4. Aligns Everyone with Strategic Goals
Clear communication of financial outcomes helps employees understand where the company is headed and why. When strategic goals and future priorities are linked to real numbers, people can better align their own work with the broader vision.
5. Encourages Financial Literacy
Involving employees in financial discussions demystifies complex concepts like profit margins, budgets, and losses. A financially informed workforce is more capable of making smart, cost-effective decisions and more likely to support strategic shifts with insight.
6. Builds a Stronger Company Culture
Transparency, recognition, and inclusion are key ingredients of a strong company culture. Involving employees in EOFY results fosters a sense of shared purpose, drives collaboration, and contributes to a workplace where people feel valued and connected.
7. Prepares Employees for Change
Not all EOFY news is positive - and that’s okay. When there’s bad news or upcoming changes, early and honest communication can reduce resistance and anxiety. Informed employees are more adaptable and more willing to support the path forward.
Final Thoughts
Including employees in EOFY results isn’t just good communication - it’s a strategic advantage. It nurtures trust, enhances engagement, and creates alignment between individual actions and organisational goals. In short, it turns financial reporting into a shared moment of reflection, recognition, and readiness for the future.
By embracing transparency and inclusion, organisations can build a more resilient, motivated, and loyal workforce ready to tackle the year ahead together.
Happy New Financial Year team!