Fractional Hiring Tips & Guides Blog for 2024

Fractional talent is the future of work. Working with these part time experts provides company with access to top talent that they normally wouldn’t be able to hire on a full time basis. Bringing in A players for ten to twenty hours per week can change the trajectory a company.

Fractional hiring includes fractional executives like CEOs, CROs, CMOs, COOs, and CFO down to the individual contributors that report to them. This part time talent is able to come into companies and have a material impact, without the need to hire full time. Companies often have a need for various roles to be filled and previously, they had to select one and ignore the others. 

With Fractional talent they are able to bring in part time experts who can help with all needs.

This arrangement provides much needed flexibility with a cost effective approach. Companies that use Fractional experts see increased revenue, lower costs, and company growth.

What is a Fractional Recruiter?

We discuss this in many of our fractional blog post guides below, but here is a snapshot:

• They provide on-demand recruiting support to fill specific roles, helping source, screen and present qualified candidates. This provides flexibility for companies.
• Companies utilize fractional recruiters to tap into niche, specialized expertise or additional bandwidth to fill open positions faster without the need to hire a full-time sales recruiter.
• They are typically experienced recruiting professionals that offer their services on retainer or project basis across multiple clients.
• This allows small and mid-sized companies cost-effectively access high-caliber recruiting talent they couldn’t justify hiring full time.
• Companies pay fractional recruiters only for agreed upon hours worked per month. This converts a fixed cost to a variable, scalable investment.

What Niches can Fractional Staff Help With?

Our fractional sales blogs touch on this topic constantly, but below are some popular niches:

• Finance: A fractional CFO or controller provides financial expertise and guidance on a monthly or project basis to small businesses that can’t justify the expense of a full-time resource.
• Marketing: A fractional chief marketing officer (CMO) offers specialized experience to support specific initiatives like developing a digital marketing strategy, executing a rebranding effort or optimizing a lead generation program.
• Recruiting: A fractional recruiter sources, screens and qualifies candidates for open roles, allowing HR teams to tap into extra bandwidth and specialized industry expertise on-demand.
• IT: Fractional IT consultants troubleshoot issues, provide recommendations, and implement technology solutions according to a company’s flexible as-needed requirements.
• Operations: A virtual assistant or fractional office manager handles administrative tasks like scheduling, event planning and vendor relations during busy periods or seasonal business spikes.

Fractional vs Part Time: Is there a Difference?

We cover this topic quite often at Rev Pilots, and here is a snapshot:

• Fractional: Deep expertise for urgent priorities and special initiatives, billed for agreed deliverables
• Part-Time: Completed hours at lower rates for supplementary general workload
• The fractional model provides niche authority and project orientation, while part-time offers budget staff supplementation.

What is the Future of Fractional Hiring?

The future of fractional hiring looks very bright as companies increasingly embrace agile, project-based talent models. According to one study, over 90% of executives intend to increase usage of on-demand fractional talent and experts within their workforce in the years to come through 2025 and beyond.

The reasons driving this trend are clear. The fractional model allows organizations to access high-caliber niche specialists to drive targeted initiatives without excessive fixed costs or inflexible long-term commitments. Studies show fractional resources are hugely capital and time-efficient, delivering ROI upwards of 400% by accelerating revenues relative to costs.