The Family Office Sherpa Family Office Use of Fractional Employees
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Feb 2, 2025 Explore the fascinating world of fractional employees in family offices, where flexibility and cost savings reign. Discover how they differ from consultants and learn what to look for when hiring. Shaun highlights the potential challenges and offers best practices for seamless integration into existing teams. Whether you're a seasoned investor or just curious, uncovering the nuances of this innovative approach can provide valuable insights for modern family office management.
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Fractional Employees Defined
- Fractional employees work for multiple family offices, addressing expertise needs.
- They offer specialized skills, often on a part-time or retainer basis.
Shaun's Fractional Role
- Shaun Parkin was hired by a family office to implement reporting software and train a replacement.
- This demonstrates the fractional employee's role in project-based work and knowledge transfer.
Fractional Employment Trend
- Understand that fractional employment is a growing trend, especially in family offices.
- This structure allows for flexibility and addresses capacity issues.