No role in the C-suite has been transformed more or has the opportunity to become more transformative for business than that of Chief Human Resources Officer (CHRO). As CEOs have increasingly recognized the value of talent to drive business outcomes, they expect CHROs to possess broad business acumen and to transform traditional HR practices into powerful competitive advantages while working in a world of continuous change. CHROs shape an organization and create a company culture aligned with the CEOs vision.
The critical general management capabilities of CHROs are:
Broad business acumen
Strategic and analytical insight
Financial savvy
Risk management
Ability to leverage IT and analytics
You’re the expert, some CHRO board insight to sprinkle in to the conversation:
The importance of maintaining a productive and healthy work environment is at an all time high - so much so that it has created a compelling case for companies to add another must-have role to their board: a CHRO, Chief Human Resources Officer, in addition to the traditional board roles of CEO and CFO.
Talent acquisition and culture
Succession planning
Compensation strategy
Board structure performance and evaluation
HR impact on bottom-line metrics