The video features a discussion with Cindy Wagman, President and CEO of The Good Partnership, about the concept of fractional executives in the nonprofit sector.
– Fractional executives are professionals hired at an executive level for a fraction of their time, usually on a monthly retainer. They offer strategic oversight and expertise without the organization needing to commit to a full-time position.
– The concept is particularly beneficial for smaller nonprofits that may not have the budget for a full-time executive but need strategic guidance. It can be applied to various roles, including CFO, HR, Marketing, and Fundraising.
– The cost of hiring a fractional executive is generally compared to what it would cost to hire a full-time junior position in that role, factoring in all associated expenses like benefits.
– Both hosts and the guest emphasize that hiring a fractional executive is a strategic move that can help nonprofits be more efficient and effective, and it’s a growing trend that offers flexibility for both organizations and professionals.
