Fractional Leadership

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Fractional leadership provides seasoned professionals who provide guidance and expertise to businesses in a fractional (part-time) capacity.  The benefit of a fractional leader is it allows you to tap into their talent, expertise, knowledge and networks without the cost and commitment of hiring a full time executive.  Companies that engage a fractional leader can address specific challenges in a timely manner and drive growth, especially in the firm's early stages. The work arrangement might call for the fractional leader to be on the job a few hours each day or a few days each week. They often work for two or more companies at the same time.

A Fractional Leader can oversee the development and implementation of corporate strategies, governance frameworks, compliance programs, risk management, policies and procedures, stakeholder relations, org structure, business plans and operations. They provide advice on identifying strategic and operational priorities and can identify and oversee the activities required to address the priorities. 

For more information on how we can assist, please reach out.

Reduced Costs

There is no employer-employee relationship, no benefits, WCB requirements, or payroll obligations.  Fees can range from a monthly retainer for a specific amount of hours, based on deliverables or a combination of both.  Companies that engage a fractional leader typically pay less than hiring a full-time executive with similar experience and skills. 

Flexibility

Engagements are determined based on needs.  Some companies may need 10 hours per month while others may require more or less.  The approach is intended to fill gaps when needed. Specific projects or initiatives (Strat planning, developing a compliance program, operational oversight...) are perfect examples where a business can leverage the skills and experience of a fractional leader.

Access to Experience

Tap into the skills, and expertise you need without committing to hiring a full time leader.

Reduced financial risk

Hiring and terminating employees, especially senior leaders can be very expensive.  Head hunter fees can be very expensive and if the leader does not work out, a severance package is usually included when parting.. 

Early Stage Start-Ups

Founders typically devote their time to focus on product development and often do not have the skills or time to devote to other operational requirements of the business. They can benefit from hiring experienced leaders, but typically do not have the budget to hire an executive with the required experience and skills on a full-time basis. Fractional leaders can fit this gap in a cost effective manner. 

Established Businesses 

Successful business owners inevitably reach the point where they cannot manage the operations on their own.  Fractional leaders can take on leadership roles and mentor the next generation as they get comfortable in their new positions and take pressure off the owners.  Fractional leaders can assist in transitioning the business for growth, enter new markets, develop new products, and develop and implement exit strategies.  

Finally, fractional leaders can bring a new perspective to a business to navigate challenges, and recognize opportunities.