Why Should I Hire a Fractional Executive?

When you hire a fractional executive, you get someone with a significant amount of experience in the problems you need solving. The arrangement is incredibly flexible, hours can be scaled up or scaled down quickly. And you save money compared to a full-time hire.

If you don’t have the need for or budget for a full-time hire, a fractional leader is an exceptional option. And if you do hire a fractional exec, you’ll unlock a range of benefits that come with fractional leaders. [Fractional work is growing in popularity] for very good reasons, after all.

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The Expertise Benefit

When you hire a fractional leader, you’re getting someone that has been there, done that. They’re an expert in your industry, they’ve solved problems that you need solved, and they can come into your org to get it done for you quickly.

This cannot be understated - if you’re hiring fractional, you have the opportunity to find someone that has literally the exact industry and skillset you need today. This happens to be one of the things Fractional Jobs (the site you’re reading this on!) is best at. Finding needles in haystacks for your company.

Aside from industry/skillset expertise, fractionals also bring a level of pattern recognition that is hard to match. After working with many companies, they know what usually works, what usually fails, and which levers create the most impact for a business like yours. They can diagnose issues quickly, help you avoid common mistakes, and accelerate the work that matters most.

Oftentimes, these are folks that you’d never be able to hire full-time anyway. But you can get them fractionally, and pay them for exactly what they’re experts at.

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The Flexibility Benefit

When you hire a fractional leader, you do so via an Independent Contractor Agreement. If you need more time from your fractional, you can scale them up. If you need less time, you can scale them down.

You can start a relationship super quickly to assess fit. No need to recruit this hire away from another full-time job.

The risks of a bad fit are low, too. If the relationship is not working for whatever reason, simply part ways.

Fractional leaders begin adding value very quickly. Because they have done this work many times before, they do not need a long onboarding period to understand your business. They can ramp up fast, diagnose what needs attention, and start moving important work forward almost immediately.

At Fractional Jobs, the companies we work with tend to make a hire within two weeks of getting introduced to candidates. Often times, the relationship continues for months or even years. Sometimes, the fit isn’t right, and so we simply find you a more fitting option.

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The Cost Benefit

When you hire a fractional leader, it’s on a part-time basis. You’re getting the most impactful 5, 10, 20, etc. hours per week from that fractional. And you’re only paying for what you need.

An equivalently skilled full-time hire would cost you much more. If you hire a full-time executive for $200K / year, that’s just their base salary, not including payroll taxes, health benefits, vacation/sick days, bonuses, stock options, etc.

When you hire a fractional executive, you might pay them a monthly retainer of, e.g. $10,000 / month, and that’s all-in. No extra expenses. Not even their laptop!

Read more about [how much it costs to hire a fractional leader here.]

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If you want to dive into more details about why you should hire a fractional exec, including examples, how to hire, and common objections from hirers, see our Playbook “How to Hire a Fractional Employee”.

If you’re a company that thinks fractional hiring might be right for your business, see how Fractional Jobs can help.

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