In the dynamic world of business, the concept of fractional leadership is gaining momentum. On a recent episode of “So You Think You Can Talent”, Shelly Morales, the founder and CEO of Morales HR, shed light on this phenomenon, particularly in the realm of Human Resources (HR).
What is Fractional Leadership?
Fractional leadership, as explained by Shelly, refers to the talent that joins a company on a part-time or project-based commitment, giving the company a quick infusion of talent that allows it to tackle specific projects.
Why the Surge in Fractional Roles?
The rise of fractional roles, including fractional CHROs (Chief Human Resources Officers), can be attributed to the evolving needs of businesses. For instance, a startup might not require a full-time CHRO but could benefit significantly from the strategic guidance a fractional CHRO can provide. This flexibility allows businesses to address their specific needs without the commitment or expense of a full-time executive.
The Advantages for Businesses and Fractional Leaders
For businesses, especially startups, fractional leaders like Shelly offer the expertise and strategic thinking needed to make crucial decisions. They act as thought partners, guiding business decisions, not just functional ones. This approach is particularly beneficial for companies at specific growth stages, such as those in the Series B or C funding rounds.
From the perspective of a fractional leader, the role offers a diverse portfolio and the opportunity to impact various organizations. It allows leaders to share their knowledge across different industries and challenges, bringing fresh perspectives and solutions to each engagement.
The Unique Role of Fractional HR Leaders
Fractional HR leaders bring a unique value to the table. They offer deep domain expertise and large networks, aiding in-house HR personnel by providing templates, connections, and solutions to challenges. This support is invaluable, especially for smaller companies that might not have extensive in-house HR capabilities.
Advice for Aspiring Fractional Leaders
Shelly emphasizes that fractional leadership is not for everyone. It requires a constant hustle and a deep understanding of one’s domain. For those interested in exploring this path, she suggests partnering with organizations like Morales HR, which offer a support ecosystem and opportunities to build experience and networks.
The Future of Fractional Leadership
Looking ahead, the trend toward fractional leadership is expected to grow. More professionals seek flexible, impactful roles, while companies increasingly recognize the value of bringing in specialized, experienced leaders for specific periods or projects. This shift represents a significant change in leveraging leadership and expertise in the modern business landscape.
Final Thoughts
The podcast with Shelly Morales opens up a fascinating window into fractional leadership, particularly in HR. It highlights the growing trend of businesses seeking specialized, flexible leadership solutions and the opportunities this creates for experienced professionals. As the business world evolves, fractional leadership is a valuable strategy for companies and leaders alike.
