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In 2022, women holding the “senior-most executive roles,” including titles such as CEO, CFO, and CHRO, earned 85 cents for every dollar earned by their male counterparts. As of 2022, full-time female workers overall were paid 84 cents on the dollar relative to men. As of 2022, women made up 16.5% of NEOs, up from 8.4%
The last few years have seen most HR leaders ascend into a much more strategic role in their respective organizations. And that shift is both necessitating and enabling an “HR revolution,” says Alex Kweskin, executive vice president and CHRO of Banc of California , which employs about 700 people.
HR leaders face many challenges in their journey to the top but despite the roadblocks, the CHRO C-suite role is growing in importance at a very steady pace. The evolution of the CHRO role is something that many HR professionals are interested in, but the path toward such positions is not always easy to track.
In 2022, women made up 51% of administrators in college and universities, but they were paid 93 cents for each dollar a man in an administrator position was paid. Though three in four (76%) of CHROs are women, their pay in 2022 was only 89 cents for each dollar male CHROs were paid.
In fact, according to PwC’s 2022 Annual Corporate Directors Survey , talent management is now the top area that needs more time and attention in the boardroom, beating out strategy and crisis management for the first time. As HR leaders, it’s important that you turn to your Boards for support.
What We Learned from Deloitte’s Future of Work 2022. December 27, 2022. From December 2020 to November 2022, during 2 consecutive recessions, the industry is still thriving and looking for skilled labor. . CHRO Should be a Board Member . By Ivo Jurcic. What’s fascinating about this graph is that employment in the U.S.
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