What is fractional human resources?
Fractional human resources or fractional HR is the use of part-time HR managers, Recruiters and HR Coordinators to augment a company's in-house human resources team. Part-time resources are being leveraged by more small and mid-sized companies over the past several years.
Human Resources Expertise at a fraction of the cost
The average salary for a full-time Human Resources Director working five days a week is $166,762. What if you don't need someone in that role full-time? A Fractional Human Resources Director can work 1 or 2 days a week at a fraction of the cost of a full-time director so you can get the right expertise without the commitment and expense of a full-time employee.
For many companies, using fractional resources makes sense: startups can't commit to or afford a full-time Director of HR, Finance, Law, Marketing, Operations, Sales, or Technology. For other companies, it allows for additional flexibility and is a great option when the business is seasonal or doesn't need full-time help all year round.
Members of Your Leadership Team
Fractional leaders can take an active leadership or management role in a company and lead the organization just as their permanent counterparts would. They can be a member of your leadership team, manage people and implement real changes to the organization. They are hired on a project basis, a time-limited basis, or in some cases, on retainer, but they do not work full-time for any particular organization
The #1 reason business owners leverage Fractional HR is to give them peace of mind. By having an HR expert oversee the company’s people practices business owners can focus on growing the company while being confident the company is appropriately managing risk and compliance.
People Architects supports many clients in a Fractional HR role often to help recruit new talent, develop organizational charts to support a growth plan, and answer day-to-day HR questions from managers and employees.
To learn how Fractional HR can help your business contact us here
