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Groundbreaking Advisory Service for CHROs by Josh Bersin Company

The Josh Bersin Company has officially launched a pioneering research and advisory service focused on Chief Human Resources Officers (CHROs), addressing the unique pressures and challenges facing HR leaders in modern organizations. Given the significant transformation in the business landscape, this offering aims to equip CHROs with insights and strategies to enhance their impact and elevate their career trajectories.

Understanding the Evolving Role of CHROs

The role of the CHRO has evolved dramatically, with a noticeable shift into the C-suite. A recent analysis indicates that approximately 13% of senior HR leaders are now among the top five highest-paid executives in their companies. Yet, this increased visibility comes with heightened expectations and pressures, as organizations seek to find the ideal CHRO to meet their strategic needs.

Key Findings from the Research

This comprehensive study, titled _Understanding the Path to CHRO_, has revealed several critical insights:

• - C-Suite Representation: 53% of HR leaders are now C-suite members, underscoring their importance alongside CFOs and CIOs. For high-performing organizations, this figure climbs to 60%.
• - Succession Planning Concerns: Alarmingly, 73% of new CHROs are sourced externally, raising concerns about internal career development and succession planning, as many companies neither trust nor have robust programs to build CHRO skills internally.
• - Diverse Backgrounds Matter: High-performing CHROs typically possess multi-disciplinary backgrounds, with those educated in political science and economics often excelling in their roles. In contrast, candidates with HR-related degrees are in the minority, with only 15% of CHROs holding such qualifications.
• - Experience Counts: The study also highlights that CHROs over the age of 50 are 36% more likely to be high performers, indicating a positive correlation between experience and successful leadership in HR management.

New Framework for Organizations

To assist organizations in navigating the complexities associated with the CHRO role, the Josh Bersin Company introduces a systematic framework that outlines four distinct career paths for those aspiring to become CHROs:
1. Career CHRO: An HR professional with a diverse portfolio across multiple domains.
2. Company CHRO: An HR leader promoted from within, with deep knowledge of internal operations.
3. Business CHRO: A candidate with a strong non-HR business background, crucial for organizations prioritizing business acumen.
4. Operations CHRO: An individual with experience in operations, finance, or administration, focusing on optimizing HR costs.

This framework not only aids organizations in selecting the right CHRO but also empowers aspiring HR leaders by providing data-driven insights, career strategies, and access to significant training resources.

Future-Ready CHROs and Continuous Learning

In recognition of the continuously evolving landscape, the Josh Bersin Company has also launched the _CHRO Insights™ Program_, which offers various executive development resources tailored to HR leaders. This program seeks to provide participants with community support, expert insights, and learning experiences that are imperative for thriving as a contemporary CHRO.

Moreover, Josh Bersin and Kathi Enderes will conduct an introductory webinar related to this initiative on March 13, aimed at detailing the program’s focus and benefits to HR professionals.

Conclusion

As organizations increasingly recognize the strategic role of CHROs amid their transformation into vital strategic leaders, the need for appropriate training and guidance has never been more critical. The Josh Bersin Company’s latest initiative offers essential tools and resources for CHROs to capitalize on their capabilities while addressing prevalent organizational challenges. This represents a significant step towards enhancing the impact of HR leadership at a time when it is needed most.