The Essential Capabilities of a 21st Century CHRO
Change is clearly a dominant theme in the 21st century. With modern trends like the digital revolution, globalization, talent shortages, greater workforce mobility, and a multigenerational workforce, long-established business models are facing disruption on many different fronts, and companies seeking to maintain competitive advantage must be more agile and flexible than ever before.
One of the keys to business success in today’s volatile economic environment is attracting and retaining the best talent. As such, industry leading organizations are recognizing the importance of the role of HR leaders to their continued success. Once known for simply managing traditional personnel and administrative tasks, roles for Chief Human Resources Officers (CHROs) are evolving beyond siloed people initiatives.