FAQs
1. What is Fractional HR?
Fractional HR is a type of Human Resources service that provides businesses with access to experienced HR professionals on an ongoing basis at a support level that works for their company and their pocketbook. It allows companies to benefit from the expertise and knowledge of an experienced HR person without committing to hiring them full-time.
This can be especially beneficial for small businesses that may not have the resources or budget for a dedicated Human Resources Department but still need assistance in recruiting processes, onboarding programs, developing employee training, creating and implementing compliance-specific procedures, and so on much more. Fractional Human Resources professionals can also help larger companies save time and money by serving as an extension of their HR team to ensure compliance with all applicable laws and regulations in a specific industry.
2. How can companies benefit from Fractional HR services?
Companies that use Fractional HR services unlock the powerful combination of expertise and flexibility. With access to an experienced senior-level perspective, they can create customized policies tailored to their unique needs. On top of this invaluable insight into how outside factors may affect workforce strategy over time, businesses can rest easy knowing costs associated with expert HR advice remain in check thanks to limited hours worked each month - a strategic approach sure to yield better results down the road.
3. Can our employees interact with our Fractional HR Person?
Absolutely, the foundational level of service allows the fractional HR person to be employee-facing. This means that they will be integrated into your Slack or team communication platform and will have a company email address. This allows them to answer employee questions and take a number of tasks off the team currently juggling that work.
4. What size and types of businesses benefit from Fractional Services?
Businesses in the 10-100 employee range who do not have an HR department of their own. Our clients span multiple industries and states, from professional services firms in NYC to tech start-ups in Colorado. While we are typically fully remote, some of our clients require more in-person experience and we accommodate a loose hybrid engagement for long term contracts greater than 4 months.
5. How much do Fractional HR services usually cost?
Fractional HR services can be a great solution if you're looking for top-tier human resources support without breaking the bank. Services can range from project based quotes to hourly quotes.
With salaries of Human Resources Managers in the United States averaging $150,105 and HR specialists averaging $92,544 in 2023 – it's easy to see why hiring professionals fractionally may be more palatable.
6. When sourcing Fractional HR support, what essential traits should be taken into consideration?
Experience in The Nuances of Your Industry
Understanding Current Compliance Regulations in Your Industry
An Unbiased Point of View
A Willingness to Work Collaboratively with You (& Other Departments)
An Unwavering Commitment to Data Security & Compliant Record Keeping
The Ability to Work in Your HR Platform & Help You Optimize Your Solutions