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It’s a sly way to say that they’re in demand and currently working BUT also available to work immediately if there’s a paying role”. That’s all it is. Fractional is the new en vogue way to say contract or freelance worker.
I know several people who have tried to break into this space with no luck. It’s part of the freelancer / on my own dream sales pitch. Like who wouldn’t want to be a part-time, on contract, CXO? Problem is very few companies are looking for this kind of person. I think interim CXO might be the better way to pitch it?
I’ve seen it mostly at startups where folks are freelancing across multiple of them
Very common in startup life sciences companies.
It’s been around for a while. Mostly used by small companies who want high level resources to take operator level responsibilities but aren’t at a stage where they can afford them full time. Not everyone who says they are doing it is really doing it at legit (even) small companies.
It’s retainer based approach. 10-15 hours a week.
It’s for people who couldn’t find full time jobs. At least the folks I know who are doing it.