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
