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Rich Floersch
CHRO at Health Transformation Alliance
Professional Background
Rich Floersch is a highly accomplished human resources executive with over 35 years of extensive corporate HR experience. He has built a remarkable career, culminating in his role as the Chief Human Resources Officer (CHRO) for McDonald's, where he served for an impressive twelve years. During his time at McDonald's, Floersch was instrumental in shaping the company's HR strategies and initiatives, which contributed significantly to the brand's global success and workplace culture. His leadership in HR was characterized by a deep commitment to employee engagement, talent development, and organizational effectiveness.
After his tenure at McDonald's, Rich transitioned to work with the HR Policy Association, where he concentrates on executive compensation through the Center on Executive Compensation and health care-related initiatives with the Health Transformation Alliance. This position allows him to apply his extensive expertise in leading discussions about executive pay equality and health care innovations within corporate environments, directly impacting how organizations manage these critical areas. Additionally, Rich provides valuable consulting services to fellow CHROs, further enhancing the HR function in various organizations.
Rich's leadership extends beyond corporate roles, as he remains actively involved with the Executive Committee of the Peer Roundtable for CHROs (PRT). This committee plays a crucial role in fostering collaboration and networking among top HR executives, enabling the sharing of best practices and innovative strategies in the field of human resources. He is also a respected member of the National Academy of Human Resources, which recognizes excellence within the discipline. As a board member of Skills for Chicagoland's Future, Floersch works towards strengthening workforce development and enhancing job opportunities in the local community.
Education and Achievements
Rich Floersch's education laid the foundation for his distinguished career, beginning with his Master of Business Administration (M.B.A.) in Human Resources Management and Personnel Administration from the University at Buffalo School of Management, part of the State University of New York. This rigorous academic background provided him with a robust understanding of HR practices and strategic management, which he has effectively applied throughout his career.
Rich has successfully navigated various roles in the HR landscape, including positions such as Senior Vice President of HR at Kraft Foods International and Vice President of Compensation and Benefits at Altria. Each of these roles allowed him to not only enhance his own skillset but also implement transformative HR strategies that significantly contributed to the organizations' success. His expertise in compensation and benefits is particularly noteworthy, as it has driven improved employee satisfaction and retention rates across the businesses he has advised and led.
Rich's commitment to continuous learning and professional development is evident through his mentoring role at Executive Coaching Connections, LLC, where he serves as a CHRO Mentor. In this capacity, he shares his wealth of knowledge with emerging HR leaders, helping to shape the future of the profession and ensure that organizations continue to thrive in an increasingly complex corporate landscape.
Achievements
Throughout his impressive career, Rich Floersch has achieved many accolades and made significant contributions to the field of human resources. His role as CHRO at McDonald's is a highlight of his career, showcasing his ability to manage HR functions on a global scale. Under his guidance, McDonald's developed policies and programs that enhanced employee engagement and promoted a diverse workplace culture, setting industry standards.
Moreover, Rich's involvement with the HR Policy Association and various boards allows him to advocate for necessary changes in HR practices and policies, potentially influencing countless organizations and the workforce at large. His insights into executive compensation and health care transformations have helped shape industry benchmarks, and his collaborative approach has cultivated an environment of learning and innovation among his peers.
In summary, Rich Floersch's career is marked by significant achievements in human resources leadership, strategic advisory roles, and a passion for mentoring the next generation of HR professionals. His extensive experience and commitment to enhancing both organizational performance and employee well-being make him a leading figure in the field of human resources.
