Concerns about talent and culture have brought people-focused directors to the fore
Companies often say that employees are their most important asset, but you’d never know that by looking at corporate boards. Directors largely come from the ranks of current and retired CEOs, finance chiefs, lawyers and investors, with a smattering of academics thrown in. What you rarely found in the boardroom are human resources experts. That’s changing.
Having a voice in the boardroom that understands the talent equation and the future of work is critically important There are catalysts beyond the pandemic’s labour crunch. The broader, ongoing push to diversify boards by adding more women and underrepresented minorities has had a knock-on effect of widening the candidate funnel to include people from more varied functional backgrounds, like HR. The new board members listed above all have one thing in common: they’re not white males.
It comes at a critical junction. A recent PwC survey of more than 650 c-suite executives cited the ability to hire and retain talent as both the most important factor and the biggest risk in reaching their organisations’ growth goals in 2022. Managing increasingly hybrid workforces, redesigning offices to make them more of a destination and adding resources to battle employee burnout are now strategic imperatives, putting them squarely on the board’s agenda.
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