Fractional HR

Fractional HR - Elevating Your Strategy with Benefits, Partner Evaluation, and Ideal Fits

In today's dynamic business landscape, companies are increasingly turning to fractional HR service offerings to streamline their human resources operations. Fractional HR services provide businesses with the flexibility and expertise needed to manage their HR needs effectively without the cost and commitment of hiring full-time employees. But what exactly are fractional HR services, and why should your business consider using them? In this article, we'll explore the benefits of using fractional HR service offerings and provide some key questions to ask when evaluating a potential partner.

What Are Fractional HR Services?

Fractional HR services are a cost-effective alternative to hiring full-time HR employees. Instead of hiring a dedicated HR team, companies can outsource their HR needs to a fractional HR service provider. Fractional HR teams act as members of your organization, fulfilling the roles and responsibilities of traditional HR members but on a part-time basis. This allows businesses to access the expertise and resources of an entire HR team without the overhead costs associated with full-time employees.

Who is an Ideal Candidate for Fractional HR?

Small and midmarket businesses looking for extra HR support to relieve their CFO/Controller or current HR Manager of projects that can free them up to work on business initiatives that are pressing. Businesses with under 50 employees that may not already have a full-time manager due to costs. The golden rule of thumb is to have 1 HR Manager for every 50 employees, and once a business has 20 or more employees and starts to hire outside of close family and friends, you should have at least a part HR Manager. Not all HR Managers are created equally; some excel in recruiting, while others' strengths lie in process development or software-driven tasks. If your controller/CFO is also your HR Manager, chances are they are either not equipped to handle HR issues or, worse, they may have too much on their plate, which is how things can get overlooked.

Benefits of Using Fractional HR

1. Cost Savings: One of the primary benefits of using fractional HR services is cost savings. Hiring a fractional HR team can be more cost-effective than hiring full-time employees, as you only pay for the services you need when you need them. This can result in significant savings for your business.
2. Expertise and Resources: Fractional HR teams bring a depth of expertise and resources that may not be available in-house. With access to a team of HR experts, you can benefit from their knowledge and experience to address your HR needs effectively.
3. Flexibility: Fractional HR services offer businesses the flexibility to scale their HR operations up or down based on their needs. Whether you need additional support during a busy period or want to reduce costs during slower times, fractional HR services can adapt to your changing needs.
4. Tailored Solutions: Fractional HR teams can tailor their services to meet your specific needs as a company. Whether you need assistance with HR compliance, employee handbooks, or strategic HR projects, a fractional HR team can provide customized solutions to fit your requirements.
5. Operational Efficiency: By outsourcing your HR needs to a fractional HR service provider, you can improve operational efficiency within your organization. Fractional HR teams are experienced in streamlining HR processes and can help optimize your HR operations for maximum efficiency.

What to Ask When Evaluating a Fractional HR Partner

1. Experience and Expertise: What experience and expertise does the fractional HR team bring to the table? Look for a partner with a proven track record of success in providing HR services to businesses like yours.
2. Services Offered: What specific services does the fractional HR team offer? Ensure that they can provide the services you need to meet your HR goals and objectives.
3. Cost Structure: What is the cost structure for the fractional HR services? Make sure you understand how the pricing is determined and what is included in the service package.
4. Communication and Reporting: How will the fractional HR team communicate with your organization?
5. Understanding Your Potential HR Partner: When evaluating a fractional HR partner, consider asking for a meeting with the HR service team or members to discuss how they work with current clients. This can help you get a feel for how the partnership unfolds and whether it aligns with your needs and expectations.

Our Team Experience and Fee Structure

Our HR services team is very experienced, with some of our more tenured representatives nearing the 20-year mark. Most of our team members also hold degrees in HR, with some even having master’s degrees, in addition to their SHRM/PHR certifications.

Our fee structure for potential work varies depending on the scope and complexity of the project. We typically offer competitive rates that are tailored to fit your specific needs and budget. I'm happy to discuss this further and provide you with a detailed proposal once we have a better understanding of your requirements. Here is a one-page overview of our customizable HR service offerings as a reference:

Would You Like to Learn More?

Learn more with Julie Wenger, HCM & HR Consultant at Connor & Gallagher OneSource. Julie can assist you in deciding the best HR services for your business. With expertise in recruitment process outsourcing, human capital management, and PEO/ASO solutions, she can help you streamline your HR operations and achieve your business goals. Contact Julie (info@GoCGO.com) today to schedule a consultation and discover how Connor & Gallagher OneSource can help your business thrive.