Kristi Pawlowicz, 25, of Lakeview thinks she is less conservative when it comes to talking about money than older generations.
When she founded her clothing store Envy Evanston last year, she adopted an "open books" policy with her employees. That means she tells them how much money is coming into the business and how much is being spent each month, including on salaries.
"The people I've worked with before are older, like my parents' age, and they would never do that," she said. "If I told them I was sharing the books with my employees they would freak out."
She speculates that it was considered more polite in the past for businesses to keep financial matters hidden, but that more recently, Millennials are drawn to the open-books policy because it is more transparent and inclusive. Pawlowicz hopes the policy brings her employees closer together and helps them see how they directly contribute to the success of the business. The effect, she said, is to build trust and a sense of shared responsibility.
"When you tell your employees where you are financially, they are kind of in it with you," she said.Copyright © 2015, RedEye