Traditional full-time employment is no longer the norm. The accelerated change in the workforce over the past few years has driven the rise of the fractional employee. These workers engage in part-time or temporary positions, reshaping industries and significantly impacting the economy. The fractional model has infiltrated the gig economy, allowing businesses to hire workers for specific tasks or projects within the C-suite roles. Deloitte reveals that half of all Gen Zs and just over one-third of millennials work a second part- or even full-time job. By leveraging fractional work, businesses can scale their workforce up or down as needed, ultimately leading to increased efficiency, profitability and innovation.

As fractional work increases in popularity, so does the rate at which founders must develop trust and fine-tune their communication skills. Like a consultant, fractional employees may only work on a specific project, making it difficult to develop trust over long periods; clear communication establishes the boundaries and expectations from the start.An entrepreneur or founder is expected to work on all facets of the business, especially during the early stages of launching. As workloads increase, the idea of hiring staff is ideal; however, not all founders can afford a team of full-time employees. The fractional business model saves payroll thousands of dollars or 30-40% over hiring a full-time employee. One major benefit is having this strategy work as a full-time job interview without losing costs with onboarding.

As with anything in business, there are pros and cons to hiring a fractional employee. Some positions are like consultants regarding a fractional staff member who may only be in the office for a short period or work fully remotely; this leaves little time to garner long-lasting relationships. Companies must cultivate an environment conducive to building relationships and developing trust. A significant technique for building a positive work environment is awarding accomplishments and not micromanaging. Part of the appeal for people to work in a fractional role is the autonomy they receive because of their particular skill set(s).Fractional roles open up more opportunities in the company both on a personnel side and in cash flow. Let the benefits of hiring fractional employees elevate your brand.