The concept of a fractional executive has existed for decades.
But since the pandemic, both business owners and leaders have increasingly sought the arrangement.
Owners of small to midsize businesses have grown skittish about hiring expensive full-time leaders, and are more open to remote work, said Ben Wolf, author of a 2021 book on fractional leadership and the founder of a firm in New York for fractional chief operating officers.
At the same time, some full-time executives are feeling burned out, anxious about being laid off and eager for an opportunity offering what Wolf calls the three “mores”: more fun, more flexibility and more money.
Persons:
Ben Wolf, Wolf
Locations:
New York