HR leaders are the new disruptors but does your team have the skills needed to succeed?

Human Resources
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十月 22, 2021
Human Resources
Executive Summary
HR Zone features Russell Reynolds Associates Consultant Anna Penfold. The article is excerpted below.

Excerpt from article originally published in HR Zone

The essential attributes of a Chief Human Resources Officer (CHRO) have evolved over the years, even more so since the Covid-19 pandemic undeniably impacted workforces around the world. Planning CHRO succession at a time of huge disruption has brought a new set of challenges into focus.

From the future of work and ESG issues, to evolving talent and diversity strategies, so much has changed in a short period of time. But it begs the question: are today's HR leaders ready for tomorrow's challenges?

Over the past year, the global business landscape has faced a seemingly endless stream of challenges, with HR leaders playing a pivotal role in initiating and continuing to drive forward their business’ rapid response to them. However, change has brought with it risk aversion among companies which is evident in our recent study of FTSE 350 CHROs.

More than half of CHROs appointed since the start of the pandemic in March 2020, have already held the same role in their careers, while 41% of the appointments made since 2018 were experienced CHROs, from March 2020 onwards they constituted 55%.

Relying on tried and tested talent might seem sensible in the short run but this approach might endanger companies’ ability to look longer-term and will certainly reduce the pool of potential HR candidates for CHRO leadership roles.

Access the full article here.