“HR leadership and associated practices and policies have a direct bearing on the velocity and adaptability of a company’s approach to the market,” notes a report by talent advisory firm DHR Global. “The CHRO’s role—to develop leaders, attract and grow talent, and create a culture of engaged employees in a dynamic environment—can make or break a company’s ability to meet aggressive performance targets.”
The report, authored by DHR Global managing partner Christopher Knipp, notes that private equity-funded firms often carry a leveraged balance sheet and this requires a solid game plan to achieve profits at a specified time.
“Preferred candidates for this demanding role must be willing to exercise the cultural transformation rapidly with an eye on developing a highly motivated accountable workforce so high-impact initiatives can yield desired economic improvements,” according to the report. “Whereas some may thrive in a faster paced environment, others may be less effective given the breadth of actions required that affect the entire HR fabric of the company.”