Both a company’s chief executive officer and chief human resources officer play key roles in a company’s biggest battle: The ongoing war for talent.
While CEOs and CHROs tend to agree that a strategic approach to talent is essential for company success, fewer teams coordinate their efforts optimally. “Research by McKinsey and the Conference Board consistently finds that CEOs worldwide see human capital as a top challenge, and they rank HR as only the eighth or ninth most important function in a company,” say Ram Charan, Dominic Barton, and Dennis Carey in the Harvard Business Review.
As artificial intelligence and similar tools make hiring, employee evaluation, and career planning easier, technology also opens up new avenues of communication between leadership. The right tech tools can facilitate CHRO-CEO partnerships and translate a shared vision into actionable career plans for the people they lead.
The Rise of the CHRO
For many years, companies had no position equivalent to today’s chief human resources officer. In recent decades, however, CHROs have become increasingly common as corporate leadership connects the dots between human performance and the ability to reach goals.
“CEOs and CFOs were starting to look at their people strategy and starting to
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