Steering Through an Unpredictable World: Strategies for the Chief Human Resource Officer
A consumer & industrial products perspective
The impact of the economic downturn has been acute among Consumer & Industrial Products companies. Steering through this unpredictable world requires the Chief Human Resource Officer (CHRO) to have clear and definitive strategies that not only anticipate tomorrow’s forecast, but also respond to today’s storm.
It is critical for the CHRO to find the right balance between reducing workforce and operational costs and maintaining effective long term strategies that can adapt to changing economic needs. To achieve this, the CHRO should consider specific actions in four key areas:
- Reducing HR and people related costs
- Aligning workforce with business needs
- Retaining and motivating key talent
- Building a winning culture
Using the ongoing economic crisis as a rallying point, the CHRO has the opportunity to position Human Resources as a strategic business driven function which can assist the organization in driving productivity and revenue, and help in positioning the organization for an eventual economic upturn.
To learn more, download the full report below.
Article: Reducing the Pains of Cost Cutting
Article: Retail Talent Evolution
Resource: CHRO Strategist and Steward Booklet Series
Overview: Human Capital and Talent
Industry: Consumer Products, Aerospace & Defense, Process & Industrial Products, Retail, and Tourism, Hospitality & Leisure