Escaping the CEO Trap: Restoring Strategic HR Functionality
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Escaping the CEO Trap: Restoring Strategic HR Functionality
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About this listen
In this episode, we dive into the essential HR areas CEOs should focus on. First, the CEO must ensure the business structure aligns with the company's strategy, rather than leaving it to HR. When it comes to compensation, CEOs are increasingly driving performance-based pay, with variable compensation playing a key role in meeting market demands. Succession planning is another priority, with the "hit-by-the-bus list" helping CEOs identify critical positions and potential backups. Organizational culture, while often hard to define, is driven by behavior at the top—CEOs must model and reward the desired culture. Finally, regular communication with employees, like monthly town hall meetings, can strengthen leadership and foster a closer connection with the team.