There are several models used to access CHROs as alternatives to hiring a full-time head of HR or Human Capital. These include:
A fractional CHRO, as the name suggests looks after a fraction of responsibilities and focuses on specific areas of requirements. Their responsibility is usually shared with other in-house resources. Small to medium sized businesses that are seeking to add employee policies, processes and systems can use a fractional CHRO to ensure timely deployment and effective troubleshooting of issues.
Companies that reach an inflection point in their growth usually do so for one of the following reasons:
A Fractional CHRO first and foremost, needs to understand the workings of your company. They have to be in harmony with the company’s vision, mission, objectives, and long-term goals for there to be a productive business relationship. With employee needs, strategic objectives and operational performance metrics constantly changing, a fractional CHRO needs a steady hand, sound experience while balancing an eye on the future.