Fractional Roles in the time of COVID-19

As uncertainty increases pressure to tighten budgets and extend runway - this could be a great time to test out fractional roles with current employees. Especially 80% opportunities.

How to Implement?

  • Survey employees to see who is interested

  • Set pilot period (1-3 months)

  • Determine which 80% of the role to focus on

  • Reduce salary to 80% for the period

How a fractional role works:

  • Salary, role, hours are all reduced by the same fraction (ie - 80%)

  • 80% roles could include working 4 days/week or reducing standard days down to 6-7 hours/day

  • Most Benefits usually remain the same at 80%, but are evaluated more closely at a lower fraction

Why do it?

  • Leads to focus

  • Many employees prefer it

  • Reduced burn-out and increases retention

  • Maintains buy-in

  • Reduces costs

Why now?

  • Give employees extra mental space during this challenging time

  • Aligns with potentially slowed sales and longer waiting periods on customers, creating efficiency

  • Reduce burn rate and extend runway to better prepare for potential fundraising slowdowns

Let us know if you’d like assistance in testing or rolling this out to your employees! hashtag#flexiblework hashtag#covid19

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