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Boyden: Boyden Executive Monitor Finds CEO and CHRO Partnership Essential for Strategic Vision

New report explores key imperatives of the CHRO's rise to the C-suite and
LONDON and NEW YORK, Oct. 26, 2016 (GLOBE NEWSWIRE) -- In partnership with
CEOs, Chief Human Resources Officers (CHROs) are playing increasingly
critical roles to ensure companies win the war for talent and maximise
employee motivation across the globe, according to the Executive Monitor
released today by Boyden Global Executive Search.

A photo accompanying this announcement is available at

Boyden's Executive Monitor
report, entitled The Rise of the CHRO,
explores the many challenges CHROs face on their paths to earning respected
roles in the C-suite and boardroom. In addition, the report looks at the need
for CHROs to develop close working relationships with their CEOs and
demonstrate their value as key leaders with the ability to align human
capital strategy with the company's business strategy and address business
challenges and opportunities in a holistic way.

"The war for talent will continue to intensify. CHROs are key drivers to
ensure the right strategic environment to maximise talent motivation," said
Jörg Kasten, Chairman of Boyden and Managing Partner, Boyden Germany.
"Conversely, companies that do not have HR executives at the C-level will
face serious strategic economic and cultural problems. It's imperative for
CEOs to reshape their HR function as well as treat their HR executives as
equal partners."

The Boyden Executive Monitor
report also covers the complex nature of the CEO-CHRO relationship; HR's
journey to demonstrate its value within an ever-changing economic landscape;
key challenges it has faced along the way; a contentious proposal to split
the function in two; how availability of new metrics is changing the way HR
operates; why now may be the best time yet for CHROs; and what the future
holds for the HR function including ways CEOs can cultivate these invaluable
advisors and the qualities that will be key to their success.

"It's very clear that the CEO-CHRO relationship is of paramount importance
when considering the fact that a change of CEO will, as statistics prove,
often prompt a change of CHRO," said Lisa Gerhardt, Global Leader of Boyden's
Consumer&Retail and Human Resources Practices and Partner, Boyden New York
and Boyden UK. "This is much more common than in any other function with a
new CEO appointment, either internal or external. The need for a trusted
partner who will act as a confidante as well as the conscience of the
business gives a new CEO impetus to choose his or her own HR leader."

"CHROs should serve as a sounding board for CEOs and ensure that their input
sheds a somewhat different light in decision making," asserts Kristen Smit,
Boyden Board Member and Managing Partner, Boyden France. "The CHRO must be
able to have a clear and strategic vision of the road ahead, as projected by
the CEO, in order to be able to anticipate the obstacles he or she will
encounter on the journey."

In addition, the report focuses on the following topics regarding CHROs'
ascent to the role of an indispensable member of the leadership team:

* CEO support for the HR function and proactive measures to cultivate
well-rounded HR leaders
* The importance of allowing the CHRO to spend more time on strategy and less
on administration
* The role of the CHRO in affecting change within an organisation, driven by
a deep understanding of human capital needs and their impact on the bottom
* Advances in HR technology, including automation, expanded access to
information, and new modes of data collection

"Just as the best finance or marketing executives are expected to be creative
and transformational, great companies also need HR leaders to solve problems
that stand in the way of the business, rather than inhibiting organisations
with rigidity," explains Jim Harmon, Managing Partner, Boyden Canada.

The new Boyden report also includes case studies and sidebar interviews
offering diverse perspectives on the CHRO's journey from John Lucas, Senior
Vice President, Global Human Resources and Chief Human Resources Officer at
The Goodyear Tire&Rubber Company and Dean Carter, Vice President of Human
Resources and Shared Services at Patagonia.

The full Boyden Executive Monitor
report is available at

About Boyden World Corporation
Boyden is a global leader in retained executive search and talent advisory
services with more than 70 offices in over 40 countries. Founded in 1946,
Boyden specialises in senior executive search, interim management and human
capital consulting across a broad spectrum of markets and sectors. For
further information, please visit

The photo is also available at Newscom,, and via AP

Alex Varjan, for Boyden
t. +1 (212) 850.5679
Jan Boehler, for Boyden Germany
t. +49 69 13388041


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Boyden via Globenewswire

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