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Most private employers keep quiet on finances

While employees at publicly traded companies are offered an inside look at their companies financial performances each quarter, those at privately held companies are less likely to receive information on financial performance, according to a new survey by Robert Half Management Resources.

By Amanda McGrory-Dixon | Updated on August 30, 2012

While employees at publicly traded companies are offered an inside look at their companies’ financial performances each quarter, those at privately held companies are less likely to receive information on financial performance, according to a new survey by Robert Half Management Resources.

In fact, 76 percent of private-company chief financial officers surveyed report their companies don’t give quarterly or annual financial updates to all employees while 17 percent of private-company respondents do so. Only 7 percent of private-company respondents share financial information with all employees.

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