With a job market continuously evolving, many businesses are not interested in having an executive at the bottom with a huge salary. This will not provide much value as the company is paying more for less. Case in point is with a CFO at full-time and making a yearly salary of $550,000 and temporary fractional
Having fractional executives means you will benefit highly from the instant outcomes they can provide without having to wait and see what they are capable of after hiring. On average, a hiring process can take as much as 3 months from start to finish, which is dependent on the position being filled. Of course, when
Obtaining guidance is a good reason to have a fractional executive on your team. They will be able to strategize and provide new ways of doing the same business. Your executive needs to be able to lead by example while providing their experience of what works and what does not while trusting them fully. A
Having fractional executives are perfect for times where a full-time position is not available but where the company could benefit from their knowledge and way of thinking. Having this hiring option available is a great way to implement talent as the company grows. In hindsight, it is better to have them onboard as an adviser
A lot of times having a new point of view can provide a new approach to having issues resolved. This is good in order to eliminate the issues and have things function differently and more efficiently. When fractional executives are on your team, you get a new point of view that will assist in continued
