What is Fractional HR & How Can it Benefit Me?

What is Fractional HR?

It is a business option where companies can hire HR professionals on a part time or retainer basis rather than full time. This is handy for small to medium size organizations that don't have the workload or resources to hire a full-time professional but still need the expertise.

Fractional HR involves hiring someone (usually Freelance or Contractor) to work on a part time basis to support your HR needs. Hiring Fractional HR is typically more strategic and offers a more personal relationship with the organization, ensures an understanding of the company’s culture and strategic planning.

What sorts of tasks can a Fractional HR Partner do for me?

• Benefits Administration

• Compensation Review (market research, including bonus incentive payouts and best practices)

• Basic Payroll Administration

• Performance Management

• Policy Reviews

• SOP creations

• Onboarding and Recruitment

• Offboarding and Terminations

What are the benefits to Fractional HR?

• Flexibility: you can hire for as much or as little support as you need and re-evaluate every 3 months without being "locked in"

• Cost savings: hiring fractionally means you are not paying for the cost of a full time, year round hire. You are not paying for employee programs (EAP, pensions, benefits etc), you are simply paying for the expertise on an as needed basis.

• Expertise: You can hire based on the specific expertise your company needs for the season it is in. Essentially, you get to hire for a specific skillset or type of knowledge and a different perspective.