The rise of the gig economy has contributed to the normalisation of contract and freelance work.
Research from Statista suggests that the size of the gig economy is projected to reach US $455 billion in 2023.
This shift in employment dynamics has opened the door for experienced executives to explore more flexible working arrangements, including fractional CXO roles.
The rapid pace of technological change and global competition has increased the need for organisations to be agile and adaptable.
Fractional CXOs can help businesses stay ahead of the curve by providing timely expertise and guidance on emerging trends and best practices.
Hiring full-time executives can be a significant financial commitment for SMEs or business departments.
Engaging fractional CXOs allows organisations to access executive-level talent at a fraction of the cost, providing a more cost-effective solution for businesses with limited resources.
As organisations become more specialised in their operations, the need for niche expertise at the executive level has grown.
Fractional CXOs can provide the targeted skills and knowledge necessary for companies to thrive in their specific industries.
An experienced CXO can help expand the network of talent and resources to help the business achieve its goals.
By the very nature of their work, these CXO’s can come in contact with a number of people with talent and skills that could help bridge the gap between the desired outcome and the starting point of a project.
