March 5, 2024
Determination and ambition drive business owners to build their ventures from the ground up. But when their HR needs grow beyond makeshift solutions, it’s time to act fast. It’s now a job for fractional HR experts.
Fractio-what, you say? Don’t worry, we’ll explain.
When True North HR first started offering fractional HR several years ago, that was the first question clients asked us. The concept, like anything new, was mysterious, and understandably business owners were cautious about it.
Just as we did back then, we’ll simplify the concept of fractional HR in this blog post. We’ll even use examples to show its benefits.
Fractional HR is a match made in heaven for the True North HR team. We have years of experience providing businesses with customized HR solutions in compliance, recruitment, employee management, training, and more.
Contact us today and learn how fractional HR services can revolutionize your business operations.
What is Fractional HR?
Fractional HR, also called part-time HR or on-demand HR, means hiring HR professionals to address specific organizational needs. This way, companies can access HR specialists for targeted and efficient support.
On-demand HR is a flexible and cost-effective solution for businesses looking to enhance their HR functions without the commitment of a full-time team. Part-time HR specialists streamline organizational HR processes, improve efficiency, and focus on driving overall business success.
Benefits of Fractional HR
Having done this for years, we’ve seen the usefulness of fractional HR firsthand. If you’re asking yourself why do I need fractional HR? We’ve got a few reasons.
Cost-Efficient Employee Management
Businesses constantly need employee onboarding assistance, so instead of hiring a full-time HR team, they can engage fractional HR specialists for a specific number of hours, saving on overall labour costs.
Flexible Solutions
Working with fractional HR allows businesses to scale up or down as recruitment needs increase and decrease, ensuring resources are allocated efficiently.
Access to Specialized Expertise
Companies may require expertise in only one business aspect, not all HR matters. Hiring on-demand HR specialists can provide targeted support minus the overhead of a full team.
Access to a Diverse Team
Companies have diverse employees, so their HR also needs to reflect diversity in its approach. Hiring an outside HR team ensures a variety of perspectives and access to multiple HR experts simultaneously.
Customized Solutions
A fractional HR firm can present personalized HR solutions unique to your company.
Access to Expansion Options
On-demand HR saves on larger HR costs, letting companies invest in operations expansion.
Common Scenarios for Fractional HR
We believe in showing rather than telling, so here are a few examples demonstrating the magic of fractional HR.
Recruitment and Staffing
A growing e-commerce company uses on-demand HR to manage peak season hiring for a smooth recruitment experience.
Employee Training and Development
A growing business brings on a fractional HR firm to design and implement employee training programs, focusing on skills relevant to their industry and business goals.
Compliance and Policy Development
An organization uses part-time HR to ensure policy compliance to reduce legal risks and promote a safer workplace.
Taking the First Steps
Here are some steps you can take to assess your fractional HR needs.
Identify Specific HR Requirements
Analyze your company’s operations to determine which HR functions would benefit most from support.
Select the Right Fractional HR Partner
Look for HR professionals with expertise in your industry and specific areas you need assistance with. Check references and reviews to ensure a reliable partnership.
Establish Clear Communication Channels
Set up regular meetings and communication channels to keep the fractional HR specialist aligned with your organization’s goals and ensure seamless integration into your team.
Selecting a Fractional HR Partner
Identifying the best Fractional HR partner is crucial. Keep these key factors in mind when evaluating on-demand HR partners.
Expertise and Specialization
Look for a fractional HR partner with expertise in areas specific to your organization’s needs. Whether it’s recruitment, compliance, employee relations, or training, ensure their skills align with your requirements.
Industry Knowledge
Consider a partner who understands the nuances of your industry. A fractional HR specialist familiar with the challenges and trends in your sector will address your organization’s needs effectively.
References and Reputation
Check for references and reviews from other clients. A reputable on-demand HR partner should be able to provide testimonials or case studies demonstrating success.
Communication Skills
Ensure your fractional HR partner can communicate clearly, understand your organizational culture, and adapt their communication style to align with your team.
Flexibility and Scalability
A part-time HR partner should be able to adjust their support as your business grows or its HR needs change.
Technology Adoption
Look for firms that use HR software, data analytics, and other tools to streamline processes and provide valuable insights.
Proactive Problem-Solving
A forward-thinking fractional HR specialist will not only address current issues but also prevent potential future problems.
Cultural Fit
An on-demand HR firm that understands and integrates well with your company culture will contribute more effectively to your team.
Want to know more? Contact Us for a conversation about how fractional HR support is the solution to your business problems.
