[EN: BRIEF] C-suite incentives, building alignment, defining success and a new podcast on human-centric AI

Cash is no longer a powerful motivator for execs: What works now?

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JOIN     SIGN IN     RESEARCH   EN:BRIEF   News and resources for senior HR executives.       Incentivizing the C-Suite: Cash Is No Longer King, so What Works Now?   A new study shows that, contrary to popular belief, financial incentives are not a powerful motivator to improve executives' performance and boost the bottom line. Here's what companies can do instead to incentivize and reward their top leaders.   READ MORE     SHRM TOOLKIT:  DESIGNING EXECUTIVE COMPENSATION PLANS »       The Art of Building Alignment: HR's Role in Uniting Around a Mission   In such divided times, it's difficult for leaders to create a shared messages in an organization about purpose, goals and values. The SHRM Executive Network invited three veteran HR leaders to share the key lessons they've learned on building alignment within their organizations.   READ MORE     DIG DEEPER: VERIZON CONSUMER CEO SHARES VIEWS ON ALIGNMENT »       A Simple Question to Help Your Team Define Success   A new study shows that most executive teams are not in alignment about this one foundational question: What will success look like for our organization this year? Here is how you can prepare for (and lead) a discussion with your team to identify, define and measure success.   READ MORE     SAMPLE PRESENTATION: TRAINING ON SETTING GOALS AND OBJECTIVES »     Advertisement       World-changing potential is in all of us. It just needs to be realized. Create a wave of change in your organization with leadership development solutions from the Center for Creative Leadership. LEARN MORE       Was this email forwarded to you? Sign up now to receive the latest news and resources curated for HR executives.       SHRM Advocates in DC for Immigration Solutions and Reskilling of Veterans   Immigration Reform: SHRM last month launched its 2024 Workplace Immigration Campaign, urging Congress to support a set of bipartisan solutions to modernize employment-based immigration. SHRM is calling on Congress to enact five bipartisan bills during the yearlong campaign. READ MORE Defense-Sector Hiring: SHRM President and Chief Executive Officer Johnny C. Taylor, Jr., SHRM-SCP, testified last week before the Senate Armed Services Committee, saying that retaining and reskilling military members and recently separated veterans can be a key solution to the recruitment and hiring challenges faced by the civilian defense sector. READ MORE AND WATCH THE VIDEO.         What HR Executives Can Learn from the Fall of Ancient Rome   Maybe they've watched "Gladiator" too often, but a surprising amount of people (mostly men) say they think about ancient Rome weekly or even daily. Here are the connections that one HR executive sees between the downfall of that 2,000-year-old civilization and the risks that organizations face today, along with three important lessons for HR leaders.   READ MORE     Advertisement       RECENT RESEARCH     A Snapshot of HR Executives in the Fortune 500         CHRO tenure is near the average for other C-suite roles HR chiefs at Fortune 500 companies, on average, stay onboard for 4.5 years in their positions, just below the 4.6-year average for all Fortune 500 C-suite positions. Tenure for CEOs was the highest at 7 years, and the lowest was chief diversity officers (CDOs) at 2.9 years. CDO was a newly created role in some companies, which pulled down the average. Other average tenures: CFO at 4.5 years and chief legal officer at 6.1 years.       Turnover among CHROs has fallen from its pandemic peak Turnover among CHROs in the Fortune 500 was down to 11 percent last year after hitting a record high 28 percent in 2020. "Stress finds the cracks. I think the stress of COVID cracked a lot of HR people," the lead author of the Spencer Stuart report told Fortune. Plus, many CEOs were quick to change their CHROs during those first harried months of the COVID-19 pandemic in 2020.       HR and diversity  positions have the most women, racial minorities  Chief diversity officers (89 percent) and CHROs (76 percent) are the most likely residents of the C-suite to be either women or racial minorities. On the other side of the spectrum, chief operating officer (19 percent), CEO (21 percent), chief financial officer (27 percent) and chief supply chain officer positions (30 percent) were less likely to be filled by women or racial minorities.     SOURCE:  2023 Fortune 500 C-Suite Snapshot, Spencer Stuart.     People + Strategy Podcast: Nichol Bradford on Optimizing Human-Centric AI   In the March edition of the  People + Strategy podcast, Nichol Bradford discusses how HR departments will evolve in the age of artificial intelligence, how to be an "AI Catalyst" in your organization and how to achieve AI buy-in from senior leadership and employees. LISTEN TO THE PODCAST    READ HER ARTICLE: Should Businesses Be Worried About Upskilling Workers for AI?       NICHOL BRADFORD   SHRM's Executive-in-Residence for AI + HI [Human Intelligence]      "THE VERY FIRST STEP IS NOT WHICH AI TOOL DO WE BRING IN. ... IT'S REALLY ABOUT HUMAN-CENTERED CHANGE MANAGEMENT."          Connect with us on social!              1800 Duke Street, Alexandria, Virginia 22314 USA Contact Us | shrm.org/executive-network This email was sent to manojdole1.Architectural@blogger.com. This email may contain advertisements. Unsubscribe or Change Email Preferences | Terms of Use | Privacy Policy © 2024 SHRM. All rights reserved.