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3 Ways CHROs Are Transforming Business Leadership Today
The role of Chief Human Resource Officers (CHROs) has never been more crucial. According to a recent report by The Conference Board, CHROs are increasingly becoming key advisors to CEOs & corporate boards, driving business strategy & organizational resilience
Key Insights
1. Increased Engagement: Over the past 3 years, CHRO engagement with corporate boards has surged at nearly 70% of public companies surveyed
2. Strategic Integration: CHROs now attend most or every full board meeting at nearly 2/3 of companies
3. Expanded Scope: Their roles encompass business & financial strategy, workforce planning, operational efficiency, & leadership succession
💡 Why This Matters: The pandemic highlighted the need for robust workforce management and employee well-being. Long-term shifts like #AI advancements, an aging population, & evolving employee expectations have cemented the CHRO's role in the C-Suite & boardroom
By building strong partnerships with both the CEO & the board, CHROs are well-positioned to shape enterprise strategy, advise on governance risks, & guide long-term talent planning
🔑 Recommendations for CHROs
1. Build Trust: Establish professional credibility & trust with the board
2. Demonstrate Expertise: Showcase business acumen & financial expertise
3. Engage Informally: Foster ongoing engagement with board members
4. Align Strategically: Cultivate alignment with the CEO before board engagements
As we navigate these transformative times, the insights from The Conference Board underscore the pivotal role of CHROs in shaping the future of corporate governance
😕 This being said, according to a Korn Ferry study, of the more than 10,000 Directors on the boards of the Fortune 1000, fewer than 3% are either current or former senior human resources executives!
💡 A SAP SuccessFactors study shows “We found having a CHRO is correlated to company’s bottom line, demonstrating the impact between talent management & business performance; on average 105% more profitable than their industry peers who don’t have HR representation in the executive board.”
I believe that #Boards are well advised to move the needle much more quickly!
👉🏼 P.S. Share this post with your CHRO & CEO and reach out to me if you're looking to add relevant HR experience to your board. Having worked for some of the world's most admired companies 🙌🏼 for a quarter of a century, I am looking to leverage my learnings in a #board role in 2025 & beyond
📣 But don’t take my word for it, take it from C. Todd Hamilton Chief Operating Officer of the International Coaching Federation:
„Navid's dedication to work constantly exceeded expectations. He was always committed to his tasks and accomplished them with great diligence. We can highly recommend Mr. Nazemian for a Non-Executive Director position & are indebted to him for his excellent and valuable contributions."
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