Job hopping may be the “new normal” for millennials these days, but it’s apparently not going to improve one’s chances of landing a CHRO job at a large corporation—at least for the time being.
The other day, someone emailed me a study conducted by the HR website Software Advice (and featured on its New Talent Times blog) that found 61 percent of CHROs worked for three or fewer companies throughout their careers. More than one-third of them worked for just one or two companies.
No matter how you slice it, that’s a pretty interesting and impressive number, especially when you factor in that nearly half (46 percent) of those CHROs reached their current senior-level positions from an external position. (To give this three-or-fewer figure some context, the Bureau of Labor Statistics reports that the median employee tenure was 4.6 years in 2012.)
Also worth noting from the Software Advice analysis is the fact that the overwhelming majority of HR executives—roughly 80 percent—worked 16 or more years before reaching their current position.
To arrive at the findings, the blog analyzed the career histories of 100 CHROs featured on HRE‘s own Top 100 and the HR Elite lists (we’re glad to be of assistance), as well as Forbes’ list of the 100 Best Places to Work for 2013. Only CHROs with LinkedIn profiles and biographies on their corporate websites were included in the sample.
Over the years, there’s been a lot written about what it takes to reach the corner office in HR, with some experts making strong cases for line-management and international experience. But if we’re to believe this latest analysis by the New Talent Times, I guess we now know one thing that’s not needed: a resume that’s rich in former employers.