Ever met someone who managed to make a day's work last a full 40 hours? Of course you have - they're everywhere.
COVID-19 placed considerable pressure on the bottom-lines of businesses nationwide. One of the first places looked to reduce expenses was labor - particularly non-billable labor.
However, as they cut jobs and noticed little operational impact, businesses became increasingly aware of just how little work many salaried workers actually perform.
They also learned that these roles can be filled by highly skilled professionals on a part-time or fractional basis. These professionals complete the tasks associated with these full-time positions faster, cheaper, and with a higher degree of expertise.
Because these fractional professionals aren't employees, businesses enjoy the added bonus of saving money on FICA, FUTA, SUTA, health insurance, and fringe benefits.
These professionals work more quickly and efficiently because they serve multiple organizations rather than a single employer. They are disincentivized to drag their feet.
With these obvious benefits, it is unsurprising that the utilization of fractional resources is increasing. This is likely to continue in a post-COVID world because the future is fractional.
Out-House Attorneys, LLC. offers 'general counsel as a service' to provide fractional legal services to businesses. Join the growing number of businesses saving money with our affordable 'out-house' solution.
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