Succeed as a CHRO With a Leadership Development Program

Take ownership of your development to lead your organization into tomorrow.

Executive Summary

McLean & Company Insight

In an environment of constant disruption, CHROs require key competencies to support their organizations. A planful approach is required to keep personal development off the backburner and help the organization navigate change and succeed.

Situation

• Industry disruption, organizational complexity, technological changes, and external risks are continuing to change the world of work and, as a result, the role of the CHRO.
• CHROs are being met with increased expectations and are playing a larger strategic role to help their organizations successfully navigate this ever-changing environment.

Complication

• Many CHROs are unprepared for the increasing demands and complexity of the role. CHROs who don’t prioritize their own development to meet expectations and support their organization risk falling behind.
• However, it is often difficult for CHROs to find time, overcome feelings of vulnerability, and/or adopt a dynamic learning mindset. These barriers often prevent CHROs from prioritizing their own development.

Solution

• Adopt a planful approach to creating a development plan to overcome common barriers. Scheduling time for development, aligning with organizational strategy, and owning personal growth are key to prioritizing and following through on your development.
• Build a customized plan to focus CHRO development on key competencies that will support personal success and maximize impact on the organization.

In an increasingly disruptive world, the nature of work is changing rapidly

Industry disruption

Seventy-three percent of executives predict significant industry disruption in the next three years, which will further transform skills needed in the future (Mercer, 2019).

Organizational complexity

The yearly number of mergers and acquisitions worldwide has nearly doubled since 2002, resulting in increasingly complex organizations (IMAA, 2020).

Technological changes

The changing division of work between humans, machines, and algorithms will displace 75 million current jobs while creating 133 million new jobs (World Economic Forum, 2018).

External risks

The COVID-19 pandemic has had severe, negative impacts on the global economy while simultaneously accelerating digitalization, resulting in vast amounts of change and uncertainty for organizations.

These changes are impacting the role of the CHRO

CHROs are expected to play a much larger role in determining strategic direction and partnering with the organization than ever before. What the CHRO needs to do is constantly changing so it is more important than ever for CHROs to be proactive rather than reactive about their own development, or risk falling behind.