How does fractional resourcing work?

Fractional resourcing is like hiring a piece of an expert. Instead of bringing on a full-time employee, you get a fraction of their time and expertise. It’s a way to access high-level skills and knowledge without the full-time commitment or cost!

Here’s a simple breakdown of how fractional resourcing works:

  • Identify your needs – Determine what kind of expertise your business needs. It could be in finance, marketing, IT, HR, or any other areas where specialised skills are required.
  • Find the right expert – Look for professionals who offer fractional services. These experts usually work with multiple clients, dedicating part of their time to each.
  • Agree on terms – Work out a schedule that fits you both. This might be a couple of days each week, a few hours each day, or even be project based!
  • Integrate them into your team – Even though they’re not full-time, treat them as part of your team! Set clear expectations, and make sure you communicate regularly.

The benefits of fractional resourcing.

Hiring full-time staff (fixed overheads) can be expensive. Salaries, benefits, and other running costs can quickly add up. Plus, you have to consider any downtime you might have through staff holidays and sickness, recruiting to fill a role, or maternity, paternity and adoption leave.

But with fractional resourcing, you only pay for the time and expertise you need, making it a much more affordable option!

Fractional finance experts bring a wealth of knowledge and best practices from working with various businesses, giving you access to top-tier talent without the full-time price tag. And having someone who isn’t entrenched in your day-to-day operations means new ideas and perspectives, with new solutions and strategies you might not have considered before.

Tapping into fractional resourcing means you can enjoy the flexibility you need as your business changes. Need more hours during a busy period? No problem. Less hours when things are quiet? Easy! They can hit the ground running, quickly adapt to your business environment, and start delivering results, often faster than a new full-time resource.

By outsourcing tasks to fractional experts, you and your full-time team can focus on what you do best. This ensures that your core business activities receive the attention they need, while they handle the rest!

How can we help?

Bringing your own people onboard in finance is risky. In the early stages of growth, what your business needs changes quickly. It’s easy to outgrow your full-time finance team.

YRH is proud to be part of the Liberti group – the global number one provider of high calibre part-time professionals in sales, marketing, finance, HR and IT.

So, if you need some help with your finance function, then just book a call to see how we can help you. We can also put you in touch with the right people if you need any specialised support in other areas of your business too!

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