Hiring independent executives is a flexible alternative that serves companies on many levels. This type of agreement is becoming more common in our current environment, and this trend will only keep growing in the upcoming years.
Hybrid teams where full-time employees, freelancers, and independent executives come together will be the new normal.
In this article, we will talk about how independent executives can add value to your business.
Related: The Evolution of The Gig Economy
What is an Independent Executive
An independent executive is a high-level professional that works as an external advisor or consultant.
The main goal of this executive is to help businesses succeed by overcoming challenges that prevent them from scaling up.
Who Can Become an Independent Executive
To work as an executive on demand you need to enjoy working on projects and collaborating with several companies at the time. Also, you will need to have high-level skills and experience to lead several projects.
At last, to work as an independent executive, you need to have a great sense of self-agency, independence, accountability, and a desire for freedom.
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How Can an Independent Executive Work with a Company
There are various forms by which independent executives can work with a business:
- As an Interim/Temporary Executive
This is a temporary agreement where the executive is required for a short period, usually to fill a vacancy or a gap between one position and a new one. Usually, this executive is needed when a business demands specific knowledge and supervision over a certain area.
- As Part-time Executive
A part-time executive can work with a company for less than the full-time schedule. This arrangement can be a year-long or more depending on the company’s needs, and it’s fixed at a part-time availability.
- As a Fractional Executive
Hiring a fractional executive can be a good alternative for those businesses that can’t hire a full-time C-level executive. These businesses will receive the same degree of experience and skills as the full-time executive but at a fraction of the cost.
Fractional executives have experience and knowledge of diverse work environments. Thus, these executives can bring to the businesses a broad vision and set of strategies and skills.
Related: The Most Demanded Profiles In The Fractional Work
Job Flexibility and Professional Success
Independent executives, especially those working as fractionals, have control over their schedules. This flexibility allows these professionals to work with more than one company at a time.
At last, by working as self-employed executives, professionals have more freedom and a better work-life balance.
BlueQuo is the first on-demand fractional executives marketplace for hyper-growth companies. So if you´re seeking to join a professional community of independent executives, contact us!