2023 CHRO Trends | The Talent Strategy Group

HR Effectiveness

The 2023 CHRO Trends report from The Talent Strategy Group shares 10 trends in the roles of Chief Human Resources Officers (CHROs) and Chief People Officers (CPOs) in Fortune 200 companies. Two of the trends include: 1) CEO Transitions Impact CHRO turnover. Within 12 months of a CEO transition, 33% of newly appointed CEOs replaced their CHROs, and within 24 months, 54% made such changes. This trend is particularly noteworthy in light of the recent Challenger, Gray & Christmas, Inc. CEO Turnover Report, which reported 164 CEO changes at US companies in Q3 2023, bringing the annual total to 1,425 and signifying a 47% increase in CEO resignations compared to the previous year. These data points raise questions about strategies to enhance CHRO retention during CEO transitions to sustain momentum in talent initiatives. 2) Another trend focuses on the reemergence of internal successors to the CHRO role, with 57% of Fortune 200 CHRO/CPO appointments in 2022 being internal promotions, compared to 41% in the previous year. The HR Business Partner role continues to be a primary path to the CHRO role. Other topics are covered, such as CHRO diversity and educational background. In case you missed it, here is my PDF highlighting 12 CHROs who were hired or promoted into the role over the past 90 days.