The advantages to hiring fractional specialists in a growing business.
Employing fractional specialists, also known as hiring on a part-time or a project basis, can have several advantages for a company. Fractional specialists can help scale businesses by providing specialised expertise on a fractional basis, to be determined between the business and the expert. This allows businesses to access the skills they need without having to hire a full-time employee, thereby gaining in cost-effectiveness and flexibility.
Additionally, fractional specialists often have experience working with multiple companies and can bring a diverse set of skills and best practices to the table. They can help businesses identify areas for improvement, optimise processes, and implement new technologies and strategies that can lead to increased efficiency, revenue, and growth.
Below we will outline the 5 advantages we believe a growing business can get from hiring fractional experts:
Cost control: fractional specialists are typically hired on a project basis, which can save a company money as they only pay for the work that is done, rather than a full-time employee's salary and benefits.
Access to (very) specialised skills: hiring fractional specialists allows a company to bring in specific skills and expertise on a project basis, rather than having to train existing employees or hire a full-time employee with those skills.
Flexibility: fractional specialists can be brought in as needed, rather than having to commit to a full-time employee, allowing a company to scale their workforce up or down as needed.
Outside perspective: thanks to the fractional model, these specialists see the inside of many companies and can bring fresh ideas and new perspectives. It can be a great way to bring in new solutions and ways of working to a company, even if they are not within the company for a long period.
Reduced risk: hiring a fractional specialist on a project basis allows a company to test out a new employee before committing to a full-time hire, reducing the risk of hiring the wrong person or role for the job.
That being said, due to the nature of every given project, not all are compatible with fractional collaboration. It is therefore crucial to be clear and transparent in the initial discussions with the specialist, and agree on common terms and achievable objectives before shaking hands and getting to work.
If you feel you need help with identifying or sourcing specialists to tackle specific business challenges, don’t hesitate to get in touch below, we’ll be sure to reach out to you shortly.