Leading by Design
Issue No. 3
What’s the deal with “Fractional” Leaders?
Hey Reader,
Have you been hearing folks in your network use the phrase “fractional executive” to refer to themselves? I first noticed this phrase popping up more and more about 6 months ago. As I’ve launched out as an entrepreneur this year, I found myself curious about this emerging way of working, how it differs from consulting, and who may need these fractional leaders.
What the frak?
Here’s my definition of a fractional executive, heavily influenced by the warm and delightful John Arms.
A fractional executive is an embedded member of a leadership team for an extended period of time to leverage their expertise in service of company goals, who is not a full time employee.
The benefit to companies is relatively cheaper access to amazing experience and talent. Fractional executives traditionally demand high compensation as a full time employee, working a full time schedule with one employer. In Fractional work, they work a % of their work week in a role, though maintain responsibilities tied to company outcomes and team leadership. The most common Fractional positions I’m seeing a CHRO, CMO, CFO, and CTO or CISO roles*. (Acronyms spelled on my blog).
Reclaiming the way we work
There is a passion with the fractional community that I have been energized by – how do we give our expertise to companies we believe in, in a win-win fashion. Fractional work expands flexibility for many humans seeking reduced work hours for any reason – from partial retirement to home or caretaking responsibilities. Or variety for those still wanting to work full time (40+ hours per week in the US), who may have multiple Fractional roles at once.
It’s a great way to make work… work for humans.
Want to learn more?
I’ve begun to collect my learnings, connections and resources on this emerging way of working on my insights blog.
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