The New Era Of HR- Virtual CHRO

The world of HR has transformed significantly over the last five years. Plus in a post pandemic world, the role of the CHRO involves leading people through change with strategy and empathy.

The new work culture encompasses managing and motivating people who are not only permanent employees,freelancers and contractual workforce.As the HR you have to manage performance and create engagement at all levels.

Thus the role of HR also has been very dynamic in the last couple of years and especially in the pandemic situation. During Covid-19, a lot of organizations slowly moved to the gig economy for their manpower needs and there was a certain surge in doing assignment work. More organizations are now not looking to hire full time resources for roles which are not required to perform along the year.

The key roles of the virtual CHRO could be defined as below:

• Establish and implement HR efforts that effectively communicate and support the company’s mission and strategic vision.
• Develop HR plans and strategies to support the achievement of the overall business operations objectives.
• Function as a strategic business advisor to the executive/senior management of each business unit or specialty group regarding key organizational and management issues.
• Work with the company’s executive management team to establish a sound plan of management succession that corresponds to the strategy and objectives of the company.
• Develop comprehensive strategic recruiting and retention plans to meet the human capital needs of strategic goals.
• Develop and implement comprehensive compensation and benefits plans that are competitive and cost-effective.
• Provide overall leadership and guidance to the HR function by overseeing talent acquisition, career development, succession planning, retention, training, leadership development, compensation and benefits globally.

Thus, for the times to come, the role of a virtual CHRO will become more pertinent and relevant in economy.