By Bill Allen and Dhaval Bhagat
Heading into this next decade, all eyes are on HR to navigate us through the complexities of our post-pandemic reality.
“We have bigger things to do right now than focus on value.”
This is what I have been hearing in many of the conversations I’ve been having with private equity owners and operators in the last while. We live in strange times indeed when value (traditionally expressed as market cap), an all-encompassing indicator of success, takes a back seat.
Once seen as a necessary, but mundane function of the business, HR leaders were the people with “soft skills”. The traits of a great CHRO have evolved again as CHROs are now at the core of the business, reporting directly to the CEO. That means new skills and abilities are required to help propel the business forward.