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Tracy Keogh, CHRO HP on How to Leverage Consultative Skills in HR

Uncategorized Nov 11, 2022
CHROPartners
Tracy Keogh, CHRO HP on How to Leverage Consultative Skills in HR
20:08
 

 

Tracy Keogh, CHRO (prior) at HP and now CPO at Great Hill Partners, joined us to share her experience and expertise on how to successfully leverage consultative skills in HR in order to help the business grow.

In today's business landscape, it can be difficult to get leaders on board with the idea of HR being a strategic Partner in growth. However, as Keogh explains, it is possible to change this mindset and get buy-in from CEOs and other key decision-makers.

Tracy Keogh's talk provides valuable insights into how CHROs can successfully leverage consultative skills to help their businesses grow. By creating a foundation for HR within the company and getting ahead of the curve, CHROs can position themselves as strategic partners in business growth and gain the trust of CEOs and other leaders.

Originally recorded at an HR Mastermind meeting Q&A and round table discussion is not included in this recording.

Not a member yet? Learn more here: https://www.chropartners.com/

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Highlights from 50/50 WOB workshop to help CHROs get Board Ready

Uncategorized Nov 11, 2022
CHROPartners
Highlights from 50/50 WOB workshop to help CHROs get Board Ready
4:01
 

 

In an effort to help more CHROs get on boards, here are a few highlights from a recent 50/50 Women on Boards Workshop I attended. 

 

If you are choosing a non-profit as a path to paid boards, choose one that has high profile execs who are also on public boards but to make sure you pick a non-profit board you are actually really passionate about. 

 

Highly sought after skills for boards especially relevant to CHROs:

ESG - especially the “S” and diversity

Comp and ben

Culture transformation

M&A experience

 

When seeking new board members, boards will turn to their trusted advisors (attorneys, accountants & bankers) for referrals because they want someone who is a good culture fit.

 

Only about 40% of the Board searches are through search firms.  And very often when a board does use a search firm, they will assemble their own LIST of candidates and give it to the search firm to vet the candidates. So having connections to...

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💡💡Ideas to keep your recruiters busy during layoffs & help laid off employees find new jobs💡💡

Uncategorized Nov 10, 2022
CHROPartners
💡💡Ideas to keep your recruiters busy during layoffs & help laid off employees find new jobs💡💡
1:51
 

Many organizations are forced to make the difficult decision to do layoffs.

Losing your job is one of the most stressful things that can happen in your life. And during times of economic turmoil, like we're currently experiencing, it can feel even more devastating.

And while it's never an easy decision, it's important to remember that how you handle your employees on the way out will have a big impact on them and your employment brand - both now and in the future.

So take this opportunity to live your company values and treat your employees with respect and dignity.

If it's possible, KEEP your recruiting team in place and turn them into an outplacement team to help supplement what the outplacement firms are doing for your impacted staff. Recruiters are great connectors, so they can help your employees network with their friends in the industry.

And if you're still hiring, take the time to do a little coaching if you have to decline someone who has taken the time to interview...

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Summary of McKinsey’s 11 page white paper: The mindset and practices of excellent CEOs

Uncategorized Nov 07, 2022
CHROPartners
Summary of McKinsey’s 11 page white paper: The mindset and practices of excellent CEOs
28:33
 

^^^See Audio Version above video ^^^

In this edition of CHRO Summaries to Save You Time, we review McKinsey's 11 page white paper about the mindset and practices of excellent CEOs in a 30 minute vlog for your listening pleasure.

CHRO’s: Why should you care?

To start, “Just three in five newly appointed CEOs live up to performance expectations in the first 18 months on the job”

As a CHRO/CPO your success depends on working with the right CEO who can master these mindsets and practices. Whether you are… 

…looking for a new opportunity (CHRO or Board seat)

…coaching your existing CEO for success

…in charge of CEO succession planning

This is a summary you will want to listen to

Enjoy!  Cindy Lu

ps. If you would like to learn more about joining an HR Mastermind peer group, click here: https://www.chropartners.com/


The original article by McKinsey can be found here.

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Member Testimonials!

Uncategorized Oct 31, 2022
 

Oswaldo:
Hello, I'm Oswaldo Lopez from RiceTec in Houston, Texas. I'm a member of Mastermind group here, coordinated by Cindy. And what I can tell you is that all the interaction that happens in that group has helped me build my professional skills, my HR executive skills to the next level. For me, is a sounding board and also an opportunity to help others become a better HR executives. I strongly recommend the group to anyone who wants to join [inaudible 00:00:33].

Halima:
Being part of the Mastermind community has been a very beneficial opportunity for me. I relocated back to the DFW Metroplex in 2018, and I was looking to really reintroduce myself to the marketplace, to other HR leaders and executives, and I was recommended to join the group. And it has been beneficial ever since I joined in 2019. I've had an opportunity to talk to and meet and spend time with Cindy Lu. She's very personable, very approachable, and always willing to share and connect other people to other good...

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3 Strategic Changes that gave me more time back as a “C” suite exec

Uncategorized Oct 31, 2022
 

If you're in the c-suite and you're still running around like a chicken with your head cut off, then it's time to change your behavior. Now that you're in the c-suite you should have the most control of your time that you've ever had in your career, yet you might be feeling busier than ever. If you're running around overwhelmed, imagine how your employees feel.
 
Imagine being able to be in control of your time. Having the time and energy for Innovation and creativity. Not having to reach down and do the job of a direct report. Imagine just providing directionally correct guidance without having to be the expert at everything. Imagine actually having the time to coach and mentor your team. 
 
Here are 3 behavior changes that I had to adjust when I got into the “C” suite 
 
#1. In my experience having the best inner circle team is critical …and that doesn't mean just your direct reports. For me it also included the people who...

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3 Simple Questions Investors and Analysts should be asking about Human Capital

Uncategorized Oct 25, 2022
 

If you are a CHRO or direct report to CHRO and you’d like to learn more about how to join the conversation with a very smart group of modern HR leaders, please apply here and schedule time to learn more:

https://www.chropartners.com/

About the vlog:

I have been listening to analyst calls for public companies for years and have been part of leadership teams that are raising capital and I am always amazed at the lack of questions around a company's human capital / talent mgmt practices.  

 Yet I know that investors recognize how important the human capital assets of an organization are but there's very little attention paid to it. I have seen companies that are human capital intensive literally implode when these basics fundamental talent mgmt. strategies aren't in place.

 I can only surmise that there's a lack of understanding as what to ask as well as difficulty with measurements and benchmarks. In fact, if you have been following the public meetings that...

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SEC Human Capital Disclosure updates and a call to action for all CHROs

Uncategorized Oct 08, 2022
 

The SEC Human Capital Disclosures discussion is heating up again.  The SEC indicated it will propose a rule in 2022 focused on enhancing disclosures about companies’ human capital management.  

Many investment firms are pushing hard for this disclosure and even if you aren’t PE backed or a public company, when these mandates become a reality, there will be a trickle down effect to all HR functions.

IMHO, this is all really good news for the visibility and progress towards getting the backing for more data driven tool and resources for HR functions.

With more data, comes a more strategic role for HR and ultimately, better employee experiences.

In this vlog recording we highlight excerpts of the letter to Chair Gensler from the Working Group on Human Capital Accounting Disclosure Petition for Rule Making as well as the SEC open meeting held on 09.21.2022 IAC (Investor Advisory Committee ) Meeting Part 01 where the SEC invited a panel* to share their findings,...

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Why this is the ideal time for CHROs to get Board Ready

Uncategorized Oct 05, 2022
 

I think you would agree that having more Chief HR Officers and Chief People Officers on boards will bring companies into the modern age of the Talent Revolution.

We know it might feel like an impossible mission but with each new CHRO that is added to a board, it gets easier for everyone else. 

Board members are seeing the value a CHRO can bring and then will spread the word to other board members. I know that was the case for me at my last company with 2 CHROs sharing talent strategies with me and my ELT that literally turned our company around. 

There are other reasons to be hopeful…

 

  • Since 2017 there has been a 300% increase in CHROs on Boards according to Allegis.
  • The SEC’s Human Capital disclosures discussion is being revived and refined and Investors with over $6.6+ trillion in assets are pushing for more quantifiable disclosure
  • Just last month I had a public co. ask for a referral to a CHRO for their board and now they are in the interview process...
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The Growing Need for CHROs and CPOs on Boards – Are You Ready?

boards Aug 25, 2022
 

With 2 years of significant transformation, The Great Resignation, and continued C-Suite concern/focus on talent acquisition and retention, HR and the people function have been at the front line. Yet corporate boards still do not have many people with strong backgrounds in HR. 1

 In fact, while the number of board members with HR backgrounds has nearly doubled in the last 3 years, from 6 to 11% according to NACD – it is still only 11%.2

 In addition, when global CEOs were asked about their top internal obstacles, lack of quality talent ranked #2 – further underscoring the need for CHROs and CPOs to have a seat at the table in corporate governance.3

 In today’s vlog Susan Madonia and I speak with two impressive Executive Partners at ECC who will share with us their experiences on 20 boards.  Jill Smart and Wayne Sales (board experiences listed below) discuss the need for CHROs/CPOs on Boards and insider tips on how to get on boards.

 Make...

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