As the gig economy continues to revolutionize the business landscape, fractional executive roles are creating new opportunities for seasoned industry professionals. These “on-demand” positions can help companies fill leadership gaps on a short-term basis due to unexpected turnover or changing needs. They also create new opportunities for seasoned leaders who are between full-time positions or seeking more flexibility in their careers.
Unlike consulting or more project-based temporary roles, fractional executives become fully integrated team members for defined periods—typically three to 12 months—filling a seat and sometimes even tackling specific challenges within the organization. For some companies, this could mean full-time hours throughout the contracted period; for others, it may be a set number of hours or days per week.
While a less traditional path, fractional employment can have its benefits:
Gain access to new organizations. Fractional roles can provide an entry point to companies you may not otherwise have the opportunity to join. Some organizations use these engagements to evaluate potential permanent hires while addressing immediate needs. You will be able to build connections within a company, prove your effectiveness, and potentially be added to the candidate slate if and when a full-time opportunity arises.
Enhance your executive toolkit through diverse experiences. In addition to providing access to new companies, each fractional engagement is an opportunity to expand your expertise across different disciplines, organizational structures and business models. By being open and committed to growth and learning, you can gain skills and experience in an accelerated timeline.
Build your network. Each new professional opportunity helps grow your network and expand your reach, whether it’s through board members, colleagues or other industry professionals. Whether your longer-term goal is to build a book of potential clients or transition to a full-time position, a robust network is invaluable.
How to be Successful in a Fractional Executive Role
As with any position, success is dependent on effort and attitude. If fractional work sounds like it may be right for you, here are a few ways to make the greatest impact:
Prior to taking on the position, evaluate if it is the right fit for you – no matter how short-term it may be. This includes understanding the company’s culture, its environment and the preferred communication style. Would you be able to quickly fit in, or would you have to dim your leadership approach? Know when it is best to graciously pass on an opportunity.
At the start of your time with a company, make sure to re-align on expectations. Especially for these shorter-term roles, it’s important to understand how your employer views the position and its intended impact. This may also be an appropriate time for gaining visibility into any existing team dynamics.
As part of this expectation-setting, ensure the team you are spearheading has a clear understanding of what you are there to do and that a current member of leadership is able to support your integration into the company.
Approach a fractional position as you would a full-time role, keeping the organization’s best interests at heart. Even if you won’t be able to see an initiative come to fruition, focus on how you can set the company up for success. Help establish your credibility by sharing ideas, being transparent and providing thoughtful contributions.
Treat your colleagues as teammates from day one and commit to ongoing communication. Schedule one-on-one meetings with any direct reports and key team members to understand their challenges and ask how you can help them achieve their goals. Be open and transparent, while inviting feedback and listening to their ideas.
Roll up your sleeves and tackle problems alongside your team when possible, rather than simply directing them from above. When you show you understand team members' roles and have the experience to guide them through challenges, you're positioned to earn their respect and buy-in much faster.
Go in with the same intention, drive and dedication you'd bring to any permanent position. While fractional roles are finite by design, they might open the door to future opportunities.
In today's competitive executive job market, fractional roles offer a valuable alternative for leaders who are looking to build their skills, achieve a better work-life balance or fill time between full-time roles. By taking a strategic and intentional approach, you’ll be best positioned to make an impact and meet your long-term goals.
Interested in fractional work or other interim roles? Visit our Career Center to stay connected when opportunities arise.