The New World of Fractional Work
Why would you consider engaging a fractional leader vs hiring.
Fractional work has become increasingly popular in recent years, as organizations look for ways to reduce the risk of long-term engagements and payroll impacts, while still leveraging senior experience and knowledge. In particular, fractional work focused on leadership roles can be an effective way for companies to bring in senior people on a part-time or project-based basis, reducing risk while still getting work done.
One of the primary benefits of fractional work in leadership roles is the reduced risk to the organization. When companies bring in senior people on a full-time basis, they are committing to a long-term engagement that can be difficult to undo if things don't work out. Fractional work, on the other hand, allows organizations to bring in senior people on a part-time or project-based basis, reducing the risk of a long-term commitment.
Another benefit of fractional work in leadership roles is the cost savings to the organization. Senior executives can be expensive, and bringing them in on a full-time basis can have a significant impact on the organization's payroll. Fractional work allows organizations to leverage senior experience and knowledge while keeping costs under control.
Fractional work can also provide organizations with access to a broader pool of talent. Many senior executives are looking for more flexibility in their work arrangements, and fractional work can provide them with the opportunity to work on interesting projects while still maintaining a work-life balance.
In addition, fractional work can provide organizations with access to specialized expertise. For example, a company may need a senior executive with specific experience in a particular industry or function. Fractional work allows organizations to bring in that expertise on a part-time or project-based basis, without committing to a long-term engagement.
Finally, fractional work can provide organizations with a fresh perspective on their business. Senior executives who work on a fractional basis may bring new ideas and approaches to the organization, helping to drive innovation and growth.
In conclusion, fractional work focused on leadership roles can be an effective way for organizations to reduce risk while still leveraging senior experience and knowledge. Fractional work allows organizations to bring in senior people on a part-time or project-based basis, reducing the risk of a long-term commitment and keeping costs under control. It also provides organizations with access to a broader pool of talent, specialized expertise, and a fresh perspective on their business. As more organizations look for ways to be agile and flexible, fractional work is likely to become an increasingly popular option for bringing in senior talent.
This is why I have chosen to launch Alpha BGS Commercial, which offers fractional leadership and consulting services. Please reach out if you would like to find out more.