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CHROs Are Vital to Help Private Equity-Fund Companies Succeed  

Chief human resource officers are key players in developing leaders of companies that are backed by private equity as the pressure to produce results by a certain timeline is high. So reports Hunt Scanln.

DHR Global“HR leadership and associated practices and policies have a direct bearing on the velocity and adaptability of a company’s approach to the market,” notes a report by talent advisory firm DHR Global. “The CHRO’s role—to develop leaders, attract and grow talent, and create a culture of engaged employees in a dynamic environment—can make or break a company’s ability to meet aggressive performance targets.”

The report, authored by DHR Global managing partner Christopher Knipp, notes that private equity-funded firms often carry a leveraged balance sheet and this requires a solid game plan to achieve profits at a specified time.

“Preferred candidates for this demanding role must be willing to exercise the cultural transformation rapidly with an eye on developing a highly motivated accountable workforce so high-impact initiatives can yield desired economic improvements,” according to the report. “Whereas some may thrive in a faster paced environment, others may be less effective given the breadth of actions required that affect the entire HR fabric of the company.”

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