"A relatively new category of solopreneur is booming, and its ascent is challenging perceptions of what it means to be self-employed. Since 2018 demand for fractional expertise-or specialized talent that works for one or many firms on a limited or part-time basis- has tripled, according to a recent study by workforce intelligence company Revelio Labs. The most popular part-time executive position, according to the study, is CFO, which makes up 18% of fractional executive roles, followed by CMO at 14% and CEO at 10%."
"Though some go fractional out of necessity, others actively choose the arrangement for its added flexibility, especially women. According to the Revelio Labs study, about 38% of American fractional executives are female, compared with 31.5% of those that are traditionally employed. "Women are much more likely to be interested in remote work and return to office has had particularly adversely affected women; they're less willing to go back, because of the extra caregiving responsibilities," Simon explains. "Fractional work is more attractive to mothers, to those giving elder care, because it allows for that extra flexibility.""
Since 2018 demand for fractional expertise—specialized talent working part-time for one or multiple firms—has tripled. CFOs represent 18% of fractional executive roles, CMOs 14%, and CEOs 10%. Layoffs have increased the supply of highly skilled workers, while budgetary constraints make fractional hires an attractive, lower-cost option for companies. Fractional roles appeal to workers seeking flexibility; about 38% of American fractional executives are female versus 31.5% in traditional employment. Fractional work particularly suits caregivers and those preferring remote arrangements. The growth may reflect temporary market conditions but could signal a broader, lasting shift in work arrangements.
Read at Fast Company
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