CHROs - Are you ready for the next Role? (Article II - Chief Financial Officer)
Moving from most #undervalued CSO (Chief Customer Service Officer) to one who is considered most #reserved CFO (Chief Financial Officer) Can CHROs take the role of a CFO? Leaving aside the technical nuance and knowledge of areas like Taxation, Accounting and legal. Will the debate of IQ (Intelligence Quotient) vs EQ (Emotional Quotient) overshadow this transition for CHROs? - Communication: Effective communication is crucial for both CHRO and CFO roles. They need to communicate complex ideas, policies, and strategies to various stakeholders, including employees, executives, and board members. - Strategic Thinking: Both CHRO and CFO need to think strategically to align their functions with the overall goals of the organization. They must have a deep understanding of the business and be able to develop and execute strategies that contribute to the company's success. - Analytical Skills: CFOs analyse financial data to make informed decisions, while CHROs analyse HR data to impro