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You can use a Fractional Executive when you need specialized expertise - If your organization is tackling a new project or embarking on a new direction, a fractional executive with expertise in that area can be a valuable asset. This allows you to bring in the specific skills and knowledge you need, without the need to hire a full-time employee.
When you have a temporary leadership gap - If you have a vacancy at the executive level or need additional leadership capacity on a short-term basis, a fractional executive can fill the gap and provide the guidance and direction your organization needs.
When you want to test the waters - If you're considering making a long-term hire, a fractional executive can be a good way to get a feel for the individual's skills and fit or help determine the skill sets needed in the new hire within your organization, before making a commitment.
When you want to reduce costs - Hiring a fractional executive can be a cost-effective alternative to hiring a full-time employee, particularly if you only need their expertise on a temporary or part-time basis.
No long term commitment is required when you bring on a Fractional Executive. What is required is a clear scope of work so all parties know what is expected.
Overall, the Fractional Executive can be a valuable resource for organizations that need specialized expertise or additional leadership capacity on a temporary or intermittent basis. However, one of the biggest advantages that I see is the fresh perspective that the fractional executive brings to the conversation, and it comes unencumbered by politics and decades of other issues. Also, keep in mind that if you're considering using a fractional executive, it's important to carefully define the scope of work and timeline to ensure a successful engagement.