What are fractional executives, Why is it such a trend right now, and why companies should take advantage of it?
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Accessibility To Industry Experts-
Bringing in a fractional expert will save resources while simultaneously building a knowledge base and processes inside your business. They have worked with many companies and have extensive experience that is hard to find in a full-time employee.
Cost And Time Saving-
A typical in-house executive’s compensation, benefits, hiring costs, and bonuses will typically exceed $200k, and in newer companies executives often get/demand equity options. Our Fractional expert’s costs can be 15%-30% of that! Not only that, but we can also start working in 2 weeks, while full-time hires might take up to 6 -12 months to find and train.
Flexibility And Reduced Risk-
As a part-time or project-based professional, a fractional sales manager can offer his expertise without the long-term commitment. This flexibility is particularly valuable to small-medium businesses, and companies that are expanding and don’t need a full-time hire yet.