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Ram Charans recommendation is wrong. A similar proposal to Split Finance would likely have been rejected out of hand by organization leaders (and Harvard Business Review editors), because its obvious that the Finance function must fit the organization strategy and leader capabilities. Lets be clear.
Ram Charan’s recent column “ It’s Time to Split HR ” has created quite a stir. He argues that it’s the rare CHRO who can serve as a strategic leader for the CEO and also manage the internal concerns of the organization. Charan’s latest column actually affirms the value of HR to sustained competitiveness.
In the July/August issue of HBR , Ram Charan argues that the Chief Human Resources Officer (CHRO) role should be eliminated, with HR responsibilities funneled in two separate directions — administration , led by traditional HR-types, reporting to the CFO; and talent strategy , led by high-potential line managers, reporting to the corner office.
Human-capital issues are top-of-mind for CEOs around the world — but their regard for the HR function remains perilously low: In a PwC study , only 34% said that HR is well prepared to capitalize on transformational trends (compared with 56% for finance). These managers also bring a valuable perspective to the table.
These are important traits, but it’s equally important for managers to stand down and listen up. Ram Charan. In 2004, Mike Colwell was promoted to manage a team of five directors, all of whom he’d worked with previously. Their VP of Finance kept warning them not to spend in a few key ways. Further Reading.
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