10.6 C
New York
Wednesday, February 8, 2023
HomeFortune 500HR still doesn’t have a seat at the table

HR still doesn’t have a seat at the table

Date:

Related stories

“The diverse backgrounds and best practices we see in top HR professionals is evidence of the breadth of knowledge required to handle the complex issues organizations have faced recently, such as the COVID lockdown, mental health in the workplace, labor disputes, and more,” Brad Rencher, CEO of BambooHR, said in the study.

“As employee experience issues continue to be at the center of some of the most important business conversations of our day, HR leaders at growing companies can use these examples from the most successful enterprises and startups as a template for how to elevate the HR function in their organization.”

Another reason that HR leaders should be added to the C-suite is their loyalty. More than three quarters (76%) of enterprise HR managers have worked at their current employer for three years or more, and nearly half (48%) have worked there for seven years or more, according to the study. Furthermore, 17% have been with the same organization for their entire career.

Conversely, 44% of HR managers at startups have worked for six or more employes. However, the majority (83%) have been with their current employer for 3 years or fewer.

BambooHR partnered with Method Research to conduct an analysis of HR representatives from the top companies on the Fortune 500 and Inc. 5000 2022 lists. Using public data available online through LinkedIn, Twitter and company press releases, Method compiled data on the top 100 enterprise companies from the Fortune list and the top 100 startups from the Inc list and their heads of HR. Data was collected from July 14 to October 14, 2022 as each list was published.

Source

Latest stories