The article discusses how the current economic conditions and tight labor market have made it challenging for businesses to find suitable talent for their C-suite positions. As a result, companies are increasingly turning to interim and fractional executives as a solution. Interim executives are experienced professionals hired on a full-time temporary basis to fill leadership roles, while fractional executives work part-time and often have placements at multiple companies. Hiring on-demand executives offers several benefits, including their unique expertise, cost-efficiency, reduced risk, and the assurance of trusted advisors. In 2023, the trend of hiring on-demand executives is expected to continue as companies seek flexibility and reduced risk.
