So You Want To Be A Chief HR Officer? Why It's Harder Than It Looks
Jul 1, 2024
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Discover the intricate challenges faced by Chief Human Resources Officers today. The role demands a mix of HR expertise, executive skills, and a strong grasp of data and technology. Insights from extensive research reveal surprising career paths of many CHROs, indicating gaps in succession planning. Additionally, the multifunctional nature of the role means that understanding human dynamics is as crucial as technical acumen. Perfect for those aspiring to senior HR positions or involved in hiring CHROs.
The evolving complexity of the CHRO role necessitates diverse skills such as systemic thinking and data proficiency for effective leadership.
Research reveals a lack of internal succession for CHROs, highlighting the need for improved development and career progression programs within HR.
Deep dives
Overview of CHRO Research Project
A significant research project is underway to study the role of Chief Human Resources Officers (CHROs) and the success factors that contribute to their effectiveness. This project aims to gather insights on the characteristics, capabilities, and demographics of high-performing HR leaders, assessing around 47,000 global individuals in similar roles. Various titles, ranging from SVP to CHRO, cover a wide array of industries, highlighting the complexities of managing multifunctional HR functions across public and private sectors. This research will eventually lead to the launch of a specialized membership program for CHROs, providing them with access to relevant content and support.
Challenges in Succession and Career Development
The analysis reveals a significant lack of internal succession for CHROs, with only about 18-19% of them progressing from within their own organizations. The findings suggest that many CHROs often leave their companies to find positions elsewhere, indicating a deficiency in internal development and CEO confidence in their HR teams. Furthermore, there is a gap in the market for competent HR leaders, as many new CHROs fail to meet the expectations set by CEOs, leading to a cycle of turnover and recruitment challenges. This scenario underscores the urgent need for better development programs and clarity regarding career progression within the HR function.
Key Capabilities of Successful CHROs
Successful CHROs are seen to possess five critical capabilities that enhance their effectiveness in the role. These include foundational HR expertise, the ability to think systemically, comfort with data and technology, strong interpersonal skills, and the adeptness at functioning as a C-level executive. The research highlights that conventional business degrees do not necessarily correlate with high performance, instead favoring backgrounds in psychology and other diverse fields. Understanding the multifaceted nature of the HR role is essential for CHROs to effectively navigate organizational dynamics and lead transformation efforts.
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Exploring the Complex Role of Chief Human Resources Officers
In this podcast I walk through a few of the findings from our CHRO Insights® research, explaining why the CHRO role has become more complex and difficult than ever.
This podcast episode discusses the challenges, issues, drivers, success factors, and derailers of being a head of HR or CHRO. I share early insights from a massive research project that studied 47,000 heads of HR from various industries and sectors.
The research reveals that many CHROs did not come from their own company, indicating a lack of succession management and internal development. It also highlights the complex and multifunctional nature of the CHRO role, requiring HR domain expertise, C-level executive skills, systemic thinking, comfort with data and technology, and a good understanding of human nature.
00:00 Introduction: The Success and Frustrations of Being a CHRO or Head of HR
04:10 Insights from a Massive Research Project on CHROs
09:21 The Challenges of Moving into a CHRO Role
16:06 The Complex and Multifunctional Nature of the CHRO Role
21:53 Conclusion: Opportunities for CHROs to Learn and Connect