Insights / For Fraci
Is fractional work for me?
The day rate looks great on paper, and fractional work surely implies less time working? Before you take the plunge and hand your notice in, ask yourself these questions.
Scroll LinkedIn for ten minutes and you'd think every finance director in the country has gone fractional, is booked solid, and spends Fridays playing padel. The reality is different. Some people thrive: it's their business, they treat their clients as they should, going above and beyond, focusing on execution and delivering what they were brought in to do. Others go back to a permanent role within a year and never talk about it. The difference is rarely talent. It's fit.
We're firmly in favour of fractional work. It's good for the business owners who use our service and, to be blunt, we wouldn't exist if the fractional community didn't give value for money. We think it's the most underused resource in UK business. That's exactly why we want the right people doing it, with their eyes open.
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What actually changes when you go fractional?
Three things change on day one, and most people only plan for the first.
How you're paid. No salary, no employer pension, no sick pay, no paid holiday. You earn when you bill, and you're now a credit control department, not just running one.
What you do all week. You're great at finance projects and activities. However, you need to sell and generate your next assignment, so you're Head of Business Development too.
Who you are at work. No title on the org chart, no team of your own, and you'll often be the outsider in the room. For some people that's liberating, because you're in charge of your own destiny: growth and prosperity are now down to you.
Ten questions to ask yourself
Take ten minutes with these.