Close Menu
Finance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Facebook X (Twitter) Instagram
Trending
  • Cryptocurrency News Live: Bitcoin, Ethereum, Solana, altcoin, memecoin updates; check prices, trading details, more
  • Investments in Drone Production and Continued Defense Support: Meeting with Norwegian Delegation Took Place at the Office of the President — Official website of the President of Ukraine – Офіційне інтернет-представництво Президента України
  • Tengku Zafrul: ECRL to spur jobs, investments with new logistics hubs and industrial parks
  • Standardising patent process can draw investments to ASEAN: IPOS chief
  • Finance Minister officially opens constituency office of Mayo TD
  • What Does The Taxation Regime For Cryptocurrency Really Mean For Investors And Policymakers?
  • Xi Jinping outlines a plan to bolster China’s global clout as Vladimir Putin and Narendra Modi tighten ties amid threats from Donald Trump
  • Last week, there were a total of 31 public financing events in the cryptocurrency market, with a cumulative financing of approximately 483 million USD | Investment and Financing Weekly Report – ChainCatcher
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
Finance ProFinance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Finance Pro
Home»Finance»Why Amex gave its HR team a new name
Finance

Why Amex gave its HR team a new name

June 7, 20244 Mins Read


HR leaders are known by many names: Chief human resources officer, chief people officer, chief administrative officer, just to name a few. But a few years ago, Amex took it a step further when it gave Monique Herena the title of chief colleague experience officer.

At a time when companies are adding a plethora of gimmicky titles to the C-suite, American Express’s name change could come off as superficial. But Herena says it reflects a broader business pivot, and reimagining of the HR function.

“It wasn’t anything where we just wanted to come up with the next cool name,” Herena tells Fortune. “For HR, it was a strategic decision related to the Amex vision and strategy.”

The change came soon after Steve Squeri became chairman and CEO of American Express in early 2018. He established a new vision for the company to “provide the world’s best customer experience every day,” and hired Herena for the top HR role in early 2019. She worked with Squeri and the company’s management team to rethink the HR function as a kind of product team focused on the employee experience, to reflect alignment with Amex’s new vision. The title change for her and the heads of other major functions followed accordingly.

“You spend a lot of time at work. What is your experience like?” she says. “Just like we would for a consumer on our app: What’s easy? What’s hard to do? How do you access certain things quickly and seamlessly so you know where to go for what? We had a lot of work to do, end-to-end, on the experience. Just like we would on a customer journey, we looked at our colleague journeys as well.”

To be sure, American Express’s HR function, now called the colleague experience group, still performs the same basic tasks any HR team does, like payroll and benefits administration. But that new emphasis on the employee as a customer led to new programs like streamlining the application process to go on leave, expanding benefits programs in areas like mental health and family medical care, more recognition from HR for milestone achievements like getting a promotion, and launching several internal HR products. The “Career Growth Model,” for example, provides a leadership development framework available to all employees. Herena says it’s been a hit with both existing employees and prospective candidates.

“The model, as we built it, has really helped colleagues think through where they’ve been, how they want to grow, and what support they need from us to get there,” Herena says. “It’s been wildly successful as a recruiting tool as well, because I think people love having a plan and really reflecting and demystifying career growth, especially in any large company.”

Paige McGlauflin
paige.mcglauflin@fortune.com
@paidion

Today’s edition was curated by Emma Burleigh.

Around the Table

A round-up of the most important HR headlines.

– A union representing over 23,000 U.S. flight attendants unanimously rejected a 17% wage hike from American Airlines, and said the raise didn’t address all concerns wanted in a complete contract. Reuters

– A former Meta software engineer who is Palestinian American is suing the company for wrongful termination and discrimination, alleging he was fired for raising concerns over Instagram suppressing Palestinian posts. Washington Post

– Due to hybrid work sticking around, a growing number of commercial office buildings are foreclosing or facing distress—and experts think things will get worse in the coming months. New York Times

– A former OpenAI researcher alleged in a podcast that he was fired from the company in April because he “ruffled some feathers” by sharing a memo with board members outlining safety risks. Business Insider

Watercooler

Everything you need to know from Fortune.

Autonomous paradise. A software company says AI assistants could guarantee “a workplace utopia” as employees can use copilots to improve workflows, productivity, and connectivity within a business. —John Kell

Braving boundaries. Despite having criticized Gen Z workers’ work ethic and professional etiquette, Jodie Foster says she admires the young generation for saying “no” when they’re uncomfortable and wishes she did so at their age. —Orianna Rosa Royle

Surveilled shopping. T.J. Maxx is equipping store employees with body cameras, reasoning it will help deter shoplifting, as the company attempts to counteract loss of inventory or “shrink.” —Chris Morris

This is the web version of CHRO Daily, a newsletter focusing on helping HR executives navigate the needs of the workplace. Sign up to get it delivered free to your inbox.





Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Finance Minister officially opens constituency office of Mayo TD

September 1, 2025 Finance

Manappuram Finance, Muthoot Finance shares rise up to 4% today; here’s why

September 1, 2025 Finance

Leading by example: EBL’s bold push into sustainable finance

August 30, 2025 Finance

Ex-WH Smith finance boss delays Greggs board appointment amid accounting probe

August 28, 2025 Finance

Finance Minister Nirmala Sitharaman reassures exporters, extends full support amid US tariff shock

August 28, 2025 Finance

The Economist’s finance and economics internship

August 27, 2025 Finance
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

Cryptocurrency News Live: Bitcoin, Ethereum, Solana, altcoin, memecoin updates; check prices, trading details, more

September 1, 2025 Cryptocurrency 3 Mins Read

Several cryptocurrencies have experienced significant losses over the past week. Here’s a summary of the…

Investments in Drone Production and Continued Defense Support: Meeting with Norwegian Delegation Took Place at the Office of the President — Official website of the President of Ukraine – Офіційне інтернет-представництво Президента України

September 1, 2025

Tengku Zafrul: ECRL to spur jobs, investments with new logistics hubs and industrial parks

September 1, 2025

Standardising patent process can draw investments to ASEAN: IPOS chief

September 1, 2025
Our Picks

Cryptocurrency News Live: Bitcoin, Ethereum, Solana, altcoin, memecoin updates; check prices, trading details, more

September 1, 2025

Investments in Drone Production and Continued Defense Support: Meeting with Norwegian Delegation Took Place at the Office of the President — Official website of the President of Ukraine – Офіційне інтернет-представництво Президента України

September 1, 2025

Tengku Zafrul: ECRL to spur jobs, investments with new logistics hubs and industrial parks

September 1, 2025

Standardising patent process can draw investments to ASEAN: IPOS chief

September 1, 2025
Our Picks

Trusted Bitcoin Platforms Every Investor Should Know

August 31, 2025

Learn Money-Making in Crypto

August 31, 2025

Mexican government unveils $540M industrial hub to lure investments

August 31, 2025
Latest updates

Cryptocurrency News Live: Bitcoin, Ethereum, Solana, altcoin, memecoin updates; check prices, trading details, more

September 1, 2025

Investments in Drone Production and Continued Defense Support: Meeting with Norwegian Delegation Took Place at the Office of the President — Official website of the President of Ukraine – Офіційне інтернет-представництво Президента України

September 1, 2025

Tengku Zafrul: ECRL to spur jobs, investments with new logistics hubs and industrial parks

September 1, 2025
Weekly Updates

ADOCIA Reports First Quarter 2024 Financial Results and Provides a Business Update

May 14, 2024

ValueZone Introduces State-of-the-Art Trading Bots for Optimal Crypto Investment Returns

July 12, 2024

Taiwan Keeps Cryptocurrency at Arm’s Length

March 27, 2024
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
© 2025 Finance Pro

Type above and press Enter to search. Press Esc to cancel.