TAaaS is a new business idea challenging traditional HR consultancy, recruitment and business service models providing Business Leaders with an HR Service on demand and Senior HR Professionals with access to Transformational Talent, Business Change skills and an opportunity to bring relevant Capability to your organisation. 

Fractional Directors

Fractional HR appointments is a growing area of demand, especially in the SME sector and for fast growing businesses. The principal being that instead of a full time HR professional, a company gets part-time or ‘fractional’ access to a HR Director. This means the company can get a high-quality HR Leader part time; more than a Non-Exec post and an incredibly cost effective method for bringing in exceptional leadership. This allows growing SME businesses to hire experienced talent at a skill level unattainable or too costly in a full-time capacity.

In the beginning of 2018, 99.3% of all private sector businesses in the UK were small business, not all these businesses will of had the infrastructure needed to support a high-level, full-time HR Director, but by using fraction HR resource, they can access the knowledge and skill set needed, accessing knowledge from someone who has ‘been there and done it’, usually from a larger business.

Some businesses will engage a HR service provider rather than fractional HR Director; this has benefits for delivering increased resources for short term high demand situations, e.g. TUPE, Change Programmes, Extensive hiring etc. However, the advantage of having a senior fractional HR Director potentially with a FTSE 100/250 background brings experience and decision-making capability internally, helping drive behaviour change, organisational development and learning in the board room.

Fractional HR isn’t the answer for every company, but it can be used in a variety of ways to address different challengeds. Companies experiencing growth, but not yet ready to take on additional full time Directors can benefit from the model, as well as companies who have a HR manager who lacks skills in a specific area, and additionally companies that have someone ready to step up to being the HR manager but need more skills or training.

To hear more about fractional HR support and how TAaaS can help you with it, get in touch today and/or if you have thoughts on this topic or want to suggest a topic or even submit an article? Let us know at: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Signup to our Newsletter and Blog