The position of a CHRO or Chief Human Resource Officer is gravely fundamental in every business. They determine if a business is going to fail or succeed. That’s why every HR member planning to become a CHRO must first accept the responsibility of being the reason for a success or failure.
However, there are crucial steps on how to become a CHRO. Gone are days when CHRO positions are determined by how much experience one has as an HR. The growing competition and evolution of new business requirements have changed a lot about how companies recruit CHROs. So, how can one make it to CHRO?
Go beyond HR functions
As an HR with plans of becoming a CHRO, you would be on the losing path if your entire career is focused on administration and HR functions. The responsibilities of an HR are gradually moving to something more than just employee management strategies, and most companies are keying into the transition. A recent study by Moore Survey published by Women of HR found that 60% of CHROs didn’t start their careers as an HR. What does that mean? Companies are more interested in the additional skills outside HR to power their businesses. Hence, there are specific CHRO skills you must acquire to be hired. They include analytical skills, financial skills, and business acumen.
Understand the business strategy
HR leaders are not supposed to focus on issues concerning employees without understanding how the external business factors affect them. What would happen if all non-immigrant employees are deported, even if you have none in your business? Would that affect your compensation philosophy? How is the supply chain related to sales? Every ambitious HR professional must understand how business works before they can thrive and climb the management ladder. Becoming a CHRO requires you to have a clear understanding of your business levers and be able to respond accordingly.
Grow your credibility
The need for trust in the business ecosystem cannot be overemphasized. And only those with credible reputation can be trusted to bring strategies that determine the fate of an organization. You must build your credibility within and beyond your organization. Because CHRO roles require the management of stakeholders and to represent your business at the international level, your personal attributes, influencing and collaborative skills are key factors to consider. Knowing the business is not enough but how others or the company can benefit from the knowledge.
You can learn more about how to become a CHRO by closely studying the qualities of a friend who is a CHRO. Try to have one now if you don’t have any yet and don’t fail to showcase your skills to them when it’s possible. There are chances that you may get a CHRO job by recommendation. You can improve your skills by enrolling for short courses on the basics of data analysis, financial operations, and business analysis.
Good luck in your CHRO career!