Why you need a fractional HR Director instead of a full-time hire!
Lots of companies require a heavyweight HR employee who can make a real difference for them, but many are reluctant in this climate to take someone on full time, in these cases bringing in a Fractional HR Director could be the answer.
There are some perceived disadvantages of using a fractional Director, and because of this there can be some reluctance to utilise Fractional Directors.
Factors can include:
- Cost compared to a full-time employee
- Internal political implications of bringing in external individuals
- Commitment from a Fractional Director to the business
This just is not the case though, while for few fractional HR Directors this may be true, for the majority it is not the case.
There is a big financial benefit to the business from making use of a Fractional Director. The company gains a wealth of experience and learning from a high level, potentially even FTSE100 experienced employee, to lead and guide their full-time employees, but with a reduced cost to the business as they are only on the payroll as a part-time employee.
Due to the fact they are an independent, external resource, fractional HR Directors bring a fresh perspective to an organisation. They give an objective view on what is best for a business and can contribute honestly without being interpreted as a threat to current management teams. Experience shows that staff welcome Fractional Directors into the business, especially when it is understood that that they are not a threat but are there to assist in achieving specific goals.
Professional Fractional Directors are talented, results-driven individuals dedicated to driving change and making a difference. Generally employed at board level or to work closely with board, they have the credibility to affect change and transition rapidly.
Fractional HR Directors also can answer the classic question; “Employees go to HR to resolve issues, but who do HR professionals go to when they have a problem?”. Due to the wider range of experience a fractional director has people they can ask for advice, as well as having more experience themselves they can take advantage of.
A Fractional Director appointment is a great additional to a Portfolio career. A mix of Fractional, NED and consulting roles is not the answer for everyone, there is less guarantee of a consistent level income. Maintaining a portfolio career, juggling a number of income streams isn’t suitable for all; many can find the struggle of multiple part time high intensity engagements difficult to balance with the need to continually network and stay current, but the rewards out weight the challenge.
A portfolio career opens doors for both employees and employers and is giving new options to modern working life. For advice on how to start or maintain a portfolio career email This email address is being protected from spambots. You need JavaScript enabled to view it..