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New Avenues for Growth: How Fractional Work Can Supercharge Your Career
Uncategorized December 18, 2024
New Avenues for Growth: How Fractional Work Can Supercharge Your Career
The world of work is shifting. More and more companies are realizing they need specialized expertise, but not necessarily on a full-time basis. This is where fractional managers and experts come in—a flexible solution that benefits both organizations and seasoned professionals.
If you’re a senior professional, this might just be the side opportunity you didn’t know you needed. Here’s why.
What is Fractional Work?
Fractional managers or experts are highly skilled professionals who offer their services to a company for a “fraction” of the time they’d otherwise commit in a traditional role. For example, a fractional CFO might work with a startup for 10 hours a week, while still maintaining their full-time position elsewhere or consulting for other clients.
This model is especially valuable for small-to-midsize companies and startups that need high-level expertise but lack the budget or workload to justify a full-time hire. It can also be valuable for large corporations that need to solve a specific problem or tackle a particular project.
Why Consider a Fractional Role?
For seasoned professionals, fractional work offers a wealth of opportunities:
Flexibility: You decide how much time you want to commit. It’s a perfect way to expand your career portfolio without sacrificing your primary role.
Diverse Experience: Work with different industries and challenges, enhancing your skills and keeping your work dynamic.
Extra Income: Monetize your expertise on the side.
Impact: Your knowledge can significantly accelerate a company’s growth, giving you a sense of accomplishment and influence.
But What About Non-Compete Agreements?
If you have a clause preventing you from working with competitors, fractional work could still be an option. Consider this:
Your expertise may be applicable to companies in completely different industries.
For instance, if you’re a Senior Marketing Strategist in a tech firm, you might help a non-profit or a manufacturing company without violating your agreement.
Always double-check your contract and consult legal advice if needed. There might be more freedom than you realize.
How to Get Started
Evaluate Your Skills: What niche expertise can you offer that companies need?
Connect with Agencies: Platforms and agencies (like ours) specialize in matching fractional experts with the right companies.
Build a Personal Brand: Share your insights on LinkedIn, write your own blog, join panels, or write articles to showcase your thought leadership.
Reach Out: We’re always on the lookout for senior professionals ready to explore fractional roles. Your experience might be the exact expertise a growing business needs.
Real-World Success Stories
Consider the case of a seasoned Talent Acquisition Manager who took on a fractional role at a mid-sized tech startup. The company needed to implement a streamlined hiring process but lacked the resources for a full-time TA executive. The expert’s involvement for just 15 hours a month helped them design and roll out a robust hiring system, improving their time-to-hire by 40%. For the manager, it was a rewarding challenge that fit perfectly alongside other commitments.
One of our clients, a rapidly growing tech startup, faced challenges with their organizational structure. Teams were unclear about their roles, and communication breakdowns were slowing progress. By bringing in a fractional organizational design expert, they were able to define clear roles, improve workflows, and establish better communication channels. Within a few months, productivity increased significantly, and the teams operated more cohesively. They brought in a fractional expert to help structure their teams, define clear roles, and improve communication flows. In just a few months, the company saw better productivity and a more cohesive work environment—all without the need for a full-time hire.
Another case involves a software development company facing challenges with evaluating their growing team of developers. They needed a structured approach to assess skills and guide career development. By bringing in a fractional HR expert, they were able to design and implement a competency matrix. This framework streamlined evaluations, clarified growth paths, and ultimately improved developer performance and satisfaction. A fractional HR expert worked with them part-time to create and implement the matrix. This helped the company identify skill gaps, improve developer performance, and enhance employee satisfaction.
Ready to Explore Fractional Work?
If you’re curious about how fractional work can fit into your career, we’d love to hear from you. Expand your horizons, diversify your experience, and unlock new opportunities—without giving up what you already have.
Get in touch with us today!