When to Hire a Fractional HR Team
Fractional HR relationships are built on the idea of adding another team member (or members) to your existing team. The fractional team partners with your in-house HR stakeholder and team to develop a strategic partnership.
When you hire a fractional team, you experience something similar to hiring a part-time employee or team of employees. This idea behind fractional relationships is a partnership rather than a replacement.
Outsourcing is a more general term as it relates to outside assistance for various needs. If you choose to outsource, you could be hiring a replacement team instead of an in-house team, or it could be more fractional in nature.
Hiring a fractional HR team is actually more cost-effective than hiring another team member or two. HR Generalists typically have a salary of around $70,000- $80,000. An HR Specialist makes around $60,000. Not to mention the benefits, vacation, and other expenses that go along with hiring a new team member. When you hire a fractional HR team, you receive four experts in HR for the price of one!
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Do you know the difference between Organizational development and HR? Learn more here!