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CHROs stay with their company longer and come to this role through internal Succession Planning!

By | Nicolas BEHBAHANI | Global People Analytics Leader @ Future of Work | Leading Global HR Analytics, Driving Business Growth

📉 Only 22 new CHROs/CPOs were appointed during the year 2023!

➡️ 91% of 2023 appointed CHROs/CPOs had prior experience in the Human Resources function prior to appointment of the top HR job.

➡️ 86% of the 2023 appointed CHROs/CPOs were new to the top HR job, having not previously served in a CHRO/CPO capacity prior to their appointment

➡️ 73% of 2023 newly appointed CHROs/CPOs came to the role via internal succession, a rate of internal succession not seen since 2017.

➡️ Also internally promoted CHROs/CPOs had a tenure of 15 years with the companyprior to their appointment,

📈 Consistent with prior years, the CHRO/CPO role continues to be predominantly represented by women, according to a new interesting research published by The Talent Strategy Group using data 📊 from Chief Human Resources Officer (CHRO) and Chief People Officer (CPO) role of Fortune 200 companies and publicly available.

✅CHRO Turnover is decreasing

Fortune 200 CHRO Turnover since 2017

📉 Researchers noticed that there were the fewest appointments of Fortune 200 CHROs/CPOs in 2023 since this report’s 2017 inception. These 22 new appointments imply an 11.5% annual turnover rate.

However, an additional seven Fortune 200 CHROs/CPOs left their roles in 2023 with three of those roles remaining vacant as of March 1, 2024, and four receiving their new CHRO/CPO in 2024.

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