The rising significance of Chief People Officers in UK Retail: A year in review
In recent years, the role of Chief People Officer (CPO) has emerged as a pivotal position in the corporate landscape, particularly in the retail sector.
This trend is supported by data indicating that the CPO is one of the fastest-growing job titles, highlighting its increasing importance in organisational structures.
Why the growth of CPO positions?
The significant growth in CPO positions can be attributed to the realisation that a business’s most valuable asset is its people. As companies recognise the importance of proactively managing their human capital, the CPO has become indispensable in navigating the complex landscape of employee experience, talent management, and organisational culture. This strategic approach to HR aligns with evolving trends that prioritise employee well-being and overall satisfaction.
A CPO oversees every aspect of the employee lifecycle, ensuring that the organisation attracts, develops, and retains top talent. Key focus areas include benefits, talent acquisition, learning and development, employee relations, diversity and inclusion initiatives, compliance, and payroll. The CPO collaborates with the executive team to align HR priorities with broader business goals, showcasing the adaptability and change management skills required for success in this role.
Reporting structure and collaboration:
Typically reporting to the CEO, the CPO ensures a close alignment between human capital strategy and overall business performance. Effective communication and trust between the CEO and CPO are essential for synergising efforts to attract, develop, and retain talent, which is crucial for the company’s growth and success.
Crucial role in retail success
A business is only as strong as its people, and a CPO plays a pivotal role in proactively managing talent to drive long-term success. By keeping a pulse on the employee experience, the CPO can advocate for changes that enhance culture, compensation, work-life balance, benefits, and overall well-being. With a strategic, bird’s-eye view of the organisation, the CPO becomes a driving force for positive change, ensuring that the company remains competitive and retains top-performing talent.
The year in CPO appointments in UK Retail:
The UK retail sector has witnessed notable CPO appointments throughout the year, indicating a collective acknowledgment of the instrumental role these leaders play. Some of the prominent appointments include:
- Burberry: Appointed a former Chanel exec Alexandra McCauley as CPO in May, showcasing a commitment to diversity and inclusivity.
- Gymshark: Named a new Chief People Officer at the start of the year, reflecting the company’s emphasis on people-centric strategies in the fitness and apparel industry.
- Matches: Luxury retailer welcomed Clare Bishop as CPO in September, signalling dedication to creating a positive and supportive environment in the luxury space.
- WHSmith: Helen Webb took on the role of CPO in April, highlighting the company’s commitment to enhancing the employee experience.
- VF Corporation: The owner of Timberland and The North Face appointed a CPO in August, recognising the importance of people-centric leadership in fashion and outdoor retail.
- Matalan: Appointed a Chief People Officer in October, aligning with the industry-wide recognition of the crucial role of CPOs in talent management and organisational culture.
- Apple: Tech giant Apple acknowledged the importance of a Chief People Officer in February bringing in Carol Surface in the new role, highlighting the growing realisation that prioritising employee well-being is a key driver of success.
- Rue21: Appointed a Chief People Officer in December, aligning with the industry-wide recognition that investing in people is a strategic necessity and a competitive advantage.
- Faire: The wholesale marketplace solutions company recognised the need for a Chief People Officer in June, signalling a commitment to fostering a positive workplace culture.
- Lincolnshire Co-op: Heather Lee took on the role of Chief People Officer in September, emphasising the cooperative’s focus on people-centric strategies and promoting from within.
- Wayfair: The leading e-commerce company in the home goods sector appointed a Chief People Officer in July, highlighting the critical role of people leadership in online retail.
These appointments collectively illustrate the growing recognition within the UK retail sector that Chief People Officers are instrumental in driving organisational success.
As retailers strive to create positive and inclusive workplace cultures, the role of the CPO is becoming increasingly pivotal in navigating the complexities of talent management and employee engagement. 2023 has undoubtedly been a landmark year for the elevation of the CPO.