Board of directors are responsible for overseeing the management of a company on behalf of its shareholders and acting in the best interest of stakeholders, including investors, customers, and employees.

To help set strategic goals that affect the direction and performance of a company, more and more board members will have questions on the talent & people topics.

Below are questions HR executives should be prepared to answer to get ahead of what board members will want to discuss regarding the company’s talent strategy:

Strategic Planning

What are the leadership strengths & development needs to help achieve our goals? What workforce planning is taking place to ensure we have the talent needed to support strategy goals?

Identifying & Mitigating Business Risks

What is our succession planning strategy? What are we doing to retain our key experts & critical employees?

Monitoring Profitability & Expenses

How does our annual turnover rate compare to similar companies? What are the annual costs of recruiting & developing talent?