What is Fractional HR?
Fractional Human Resources (HR) is a model where companies hire HR professionals on a part-time or limited basis rather than having full-time, in-house HR leaders/staff. This approach allows organizations to access HR expertise and services as needed, without the commitment and cost of a full-time HR department.
Here are a few more points about Fractional HR
Fractional HR can be especially beneficial to start-ups, small to medium-sized businesses (SMBs), and growing organizations as it is a budget-friendly option.
The Fractional HR leader serves as a readily available, flexible, and seamless part of your leadership team and a driving force to the success of your business.
Fractional HR Leaders are generally very experienced and can start and ramp up quickly to add immediate value to your business.
What Does Fractional HR Include?
Fractional HR services can include a wide range of functions, such as:
People strategy
Recruitment and hiring
Employee onboarding
Performance management
Compliance and legal issues
Training and development
Employee relations
Compensation and benefits management
It is generally more strategic than HR outsourcing which involves simply farming out HR tasks to an outside provider.
How Do I Know if Fractional HR Is for Me?
To determine if fractional HR is a good fit for your organization, consider the following aspects:
Size and Status of Your Organization
You are a start-up or SMB that doesn't have the budget to hire a full-time person.
You have someone internal who is handling HR administrative tasks but is not operating at a more strategic level.
Your organization is growing, and you need to manage increasing HR demands without hiring more full-time resources.
Current HR Capabilities
Your organization needs specialized HR expertise or assistance with certain projects or issues like developing career paths, leadership development, implementing new HR software, writing a handbook, or conducting a compliance audit.
Budget Constraints
Your organization has budgetary constraints and wants to pay for HR services only when needed.
Strategic HR Needs
You would like access to an HR Pro with extensive experience who can bring best practices, industry knowledge, and fresh perspectives to your organization.
Flexibility
Your organization needs to quickly adapt to changes in the business environment (i.e., rapid growth, mergers, or downsizing) and would like customized services to meet your needs.
How to Learn More
If you would like to learn more and/or explore if Fractional HR is for you, please feel free to reach out!
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