The pandemic has rewritten the business landscape and greatly accelerated the implementation of trends that were previously working their way into mainstream management structures.
One accelerated trend has been the uptake of leveraging fractional employees. According to the U.S. Chamber of Commerce, “Fractional hiring refers to the practice of hiring an employee for a ‘fraction’ of the time a normal employee would work. An employee could be hired to work for multiple organizations throughout the week.”
Particularly, three key elements have given rise to the fractional employee as a best practice to fulfill many department leadership roles and C-level positions in the new economy. These are:
- Hybrid / work-from-home models
- Demand and cost for talent
- Pressures on businesses at all levels