The Fractional Worx Blog

Not every business needs to have a full-time Chief Operating Officer (COO). This is especially true if your business is still young. Apart from a full-time executive officer being an unnecessary hire, you probably can’t afford one yet. However, there are instances where you may realize you need the expertise and knowledge of a COO. Fortunately, there’s a workaround. You can hire a Fractional COO.

The concept of fractional leadership has been around for a while. Although it may not have been explicitly defined on a large scale, many businesses still practiced it. Fractional leadership is perfect for companies struggling to find executives who can do everything they need. Here's everything you need to know about how fractional leadership works and what it is.

A fractional CIO differs from a conventional CIO in the sense that he or she becomes part of a firm’s executive management team on a part-time or contract basis. That is why fractional CIOs are often also described as Parachute CIOs, Part-Time CIOs, or (what we believe is actually a good alternative description) CIOs on demand. Fractional CIOs are often tasked with helping to improve business processes, drawing up technology roadmaps, and setting up a business technology strategy.

Leadership, innovation, and agility are invaluable assets in the modern business ecosystem. Therefore, to compete with large corporations, it's essential to hire full-time executives to facilitate your growth. However, this is easier said than done. Read on to find out the key challenges medium-sized companies face while recruiting executives and how you can overcome them.