Chief Human Resources Officers (CHROs) are increasingly being viewed as potential CEOs. This is due in part to the changing nature of the HR role, which has evolved from a purely administrative function to a strategic one.
CHROs are now responsible for developing and implementing talent strategies, managing employee relations, and creating a positive workplace culture. These are all essential skills for any CEO. If you are a CHRO who dreams of one day becoming a CEO, here are a few things you can do to increase your chances of success.
Develop strong business acumen
CEOs need to have a deep understanding of their company’s business model, financial performance, and competitive landscape.
As a CHRO, you can develop your business acumen by taking on projects that require you to work closely with other departments, such as finance, marketing, and operations. You can also attend industry events and read business publications to stay up-to-date on the latest trends.
Demonstrate strong leadership skills
CEOs need to be able to inspire and motivate their employees, as well as make tough decisions under pressure. As a CHRO, you can demonstrate your leadership skills by developing and implementing successful HR initiatives, such as a new performance management system or a diversity and inclusion program.
You can also get involved in your company’s community outreach efforts to show that you are a leader who cares about more than just the bottom line.
Build a strong network
Networking is essential for any executive who wants to advance their career. As a CHRO, you can build your network by attending industry events, joining professional organizations, and connecting with other CEOs on LinkedIn. When you meet new people, be sure to focus on building relationships, not just collecting business cards.
Be patient and persistent
It takes time and hard work to become a CEO. Don’t get discouraged if you don’t get the job right away. Keep developing your skills and building your network, and eventually you will have the opportunity to lead your own company.
The path to becoming a CEO is not easy, but it is possible. If you are a CHRO who is passionate about your work and has the drive to succeed, you can achieve your goal.
Here are some additional tips for CHROs who want to advance to the CEO role:
Become a strategic thinker
CEOs need to be able to think strategically about the future of their company. They need to be able to identify new opportunities, develop new products and services, and enter new markets. As a CHRO, you can develop your strategic thinking skills by working on projects that require you to think long-term.
Be a change agent
CEOs need to be able to drive change within their organizations. They need to be able to overcome resistance to change and get people on board with new ideas. As a CHRO, you can develop your change management skills by working on projects that require you to implement new HR initiatives.
Be a communicator
CEOs need to be able to communicate effectively with a variety of audiences, including employees, customers, investors, and the media. As a CHRO, you can develop your communication skills by giving presentations, writing reports, and developing employee communications materials.
If you can develop these skills and qualities, you will be well on your way to becoming a CEO.