Top finance companies employ people who oversee cash management and develop business strategies, decide on what software is best and oversee massive computer networks, but who makes sure the employees themselves are OK?
Chief human resource officers are crucial to all sorts of firms, including the largest of Wall Street banks. These individuals ensure that everyone who works for the company is accounted for and treated well, and they also offer leadership in developing both human resource and business strategies for their companies. This sort of job is for people who want to explore the human side of finance, but who aren't lacking in business skills either. The CHRO calls for the perfect combination of finance, business and people skills to fuel strong long-term strategies and intelligent, fast decisions. Here are a few things that companies look for in a CHRO:
1. Are you a boardroom ace?
As CHRO, you will be responsible for pretty much every employee within the organization, but often, you'll be dealing with just the top tier individuals. The best human resource executives can navigate the boardroom just as well as the employee onboarding process. A CHRO may find him or herself arguing for a human resources strategy that benefits the long term functionality of his or her department. Without previous boardroom experience, this can be difficult. Knowledge of how to get what's needed out of meetings with the board is a crucial quality for any CHRO.
"The best human resource executives can navigate the boardroom."
2. Are you experienced?
Sure you can have the greatest people skills in the world, know everything about hiring and be the rare sort of person who actually enjoys sorting out payroll issues, but have you ever actually worked in human resources? Candidates for CHRO positions must have worked in the field for a long time to get serious consideration. The Society for Human Resources posted an example CHRO job description on its website, which listed a minimum of 15 years of experience as a requirement.
3. How are your business skills?
Not only does an effective CHRO have to be experienced in boardroom negotiations, he or she should also have the business acumen to make important strategic decisions to further the company. Just like the CEO, the CFO or any other officer with a company, the CHRO has a responsibility in determining the long-term direction of the organization. It is important to be able to see where the firm is going in broad strokes, as well as to be able to decide on what the best path is in each and every HR situation you encounter.
Top finance jobs don't always call for investment bankers or financial analysts – from community banks to Wall Street firms, every business has someone making HR decisions. At the peak of this profession is the CHRO, and to get there you'll essentially need to be working with the same experience and business skills as the CEO. If you think you have the resume to woo recruiters looking for CHROs, then start searching openings on OneWire to see what is out there.