Annette Alexander on open book management
From How Orgs Can Intentionally Embrace Diversity with Annette Alexander | Austin Startup Week 2020 · · Capital Factory
“We practice open book management, which is really key for us. It means opening the doors to the corner office, giving everyone understanding of the business, what is happening at all times, good and bad, letting everyone have access to the same information. You know the numbers at all times; every month full transparency about it, and we ensure financial training for everyone.”
On , Annette Alexander, Chief People Officer at WP Engine, spoke about open book management during How Orgs Can Intentionally Embrace Diversity with Annette Alexander | Austin Startup Week 2020 on Capital Factory.
About Annette Alexander
Annette Alexander, Chief People Officer at WP Engine, participated in a session titled "How Orgs Can Intentionally Embrace Diversity" during Austin Startup Week 2020. Alexander stated that WP Engine removed college degree requirements from roles where they were not needed, and said that one third of the company's employees do not have a college degree. She described this change as opening up the candidate pool to attract more diverse and valuable candidates. Alexander also discussed WP Engine's practice of "open book management," which she said involves sharing financial information and business performance with all employees, providing financial training so everyone can understand the data, and maintaining an open-door policy where any employee can speak with leadership. She noted that the company holds weekly meetings where the CEO and executive team share updates and that employees have full transparency into company numbers each month.