Succeed as a CHRO With a Leadership Development Program

Guide the organization toward a promising future by embracing leadership development.

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 facing increased expectations and are playing a larger strategic role to help their organizations successfully navigate this ever-changing environment.

Complication

• 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 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 personal development.
• Build a customized plan to focus CHRO development on key leadership 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

78% of executives expect significant company transformation within the next three years, which will further transform skills needed in the future (PwC, 2021).

Organizational complexity

The yearly volume of mergers and acquisitions worldwide has nearly doubled since 2002, resulting in increasingly complex organizations (IMMA, 2023).

Technological changes

The changing division of work between humans, machines, and algorithms will displace 83 million current jobs while creating 69 million new jobs (World Economic Forum, 2023).

External risks

The complexity of the global economy, technological advancements, political turmoil, and more have resulted in vast amounts of change and uncertainty for organizations and employees.

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 they risk falling behind.