The tech sector, while exciting and innovative, also presents unique challenges for recruitment. Especially when it comes to accessing talent with specialized skills cost-effectively and then retaining them. While solutions abound, ranging from hiring full-time employees to freelancers, one that has recently become popular is fractional employment.
Since fractional employment is more common in the tech sector, it may sometimes be referred to as fractional tech talent.
Fractional tech talent strikes a balance between full-time and part-time employment, offering the flexibility of part-time work while providing the expertise and dedication of a full-time employee.
It offers businesses access to specialized expertise, scalability, and cost-effectiveness without the commitment of traditional full-time hiring.
Intrigued?
Let’s get into the details.
Fractional tech talent refers to highly skilled and experienced IT professionals who work on a part-time or project-specific basis. There are three main elements that make up the core of fractional talent:
Sounds familiar to part-time or freelance model? It partly is—and partly not!
Here are the differences.
Fractional tech talent, freelancing, and part-time employment all offer businesses access to skilled professionals on a non-full-time basis.
However, there are key distinctions between these models:
Each model has its own set of advantages and disadvantages:
Employment Model | Pros | Cons |
Fractional tech talent | Specialized expertise, strategic guidance, long-term relationships | May require more onboarding, higher hourly rates |
Freelancing | Flexibility, cost-effectiveness, access to a wide talent pool | May require more management oversight, potential for inconsistent quality |
Part-time employment | Lower costs, familiarity with company culture, potential for growth | May lack specialized expertise, limited availability |
Per Deloitte Insights, 60% of executives agree that fractional work is the most effective way to structure businesses and enhance value for both employees and organizations. This trend is projected to gain momentum in the future.
Source: Deloitte Insights
What’s driving it?
The reasons are many. Given below are a few factors why the IT industry is embracing fractional talent.
Fractional tech talent provides businesses with access to a pool of highly skilled and experienced professionals. You can go as far as hiring a fractional but seasoned COO to take your company forward.
While full-time employment can also offer access to specialized skills, why fractional talent? The answer is cost-effectiveness!
Hiring fractional tech talent can be more cost-effective than traditional full-time hiring, as businesses only pay for the expertise they need when needed.
Think of it like this: You are a startup in need of talent, like a CTO or a software developer. The scale of your business is not large enough to hire a full-time employee. Going full-time may drain your budget—besides the base salary, you will have to pay up to 65% in benefits, taxes, insurance, and other bonuses.
But at the same time, you want the expertise of someone who would be deeply invested in the company. All this while remaining in budget!
That’s what fractional tech talent does—specialized skills in budget.
IT is a tricky sector; compared to other sectors, businesses in the IT sector can experience the ups and downs in their journey more frequently. Fractional tech talent offers businesses the ability to scale their workforce up or down quickly and easily as project needs change. This flexibility is especially required for businesses that operate in a dynamic environment.
Lastly, fractional tech employment offers reduced risk and commitment to both employers and employees compared to long-term full-time hiring. You may be aware of what happened across the tech sector last year and even the current year. It was a tumultuous year for organizations, but particularly for all those individuals laid off.
Fractional employment has reduced that risk. It’s easier for businesses to downsize as the circumstances change. But it’s also easier for employees, as they work with other organizations simultaneously.
You can hire fractional tech talent in whatever capacity your business requires. From C-Level staff to developers and engineers, a wide spectrum of specialized roles spans various IT domains.
Here’s a closer look at some of the most prevalent fractional tech positions and their distinct contributions:
Software developers craft custom software solutions, often tailored to specific projects or initiatives. If you are building web applications, mobile apps, or enterprise systems and do not want to hire full-time resources, consider fractional software developers.
You can engage them for the duration of the project, optimizing resource allocation and reducing overhead costs associated with full-time hiring.
Listed below are some examples of fractional software development roles.
Want to know where to find fractional software development talent? This guide may help!
Fractional data scientists are experts in machine learning, statistical analysis, and data visualization. They empower businesses to uncover hidden patterns, predict future trends, and optimize operations.
Choosing fractional data engineering talent, you can gain actionable insights from data to drive business decisions with minimized risk through shorter-term engagements.
If you are looking for specific roles to fill on a fractional basis, here are a few you may consider:
Defending against malware attacks, preventing data breaches, or complying with cybersecurity regulations? Cybersecurity engineers are the first responders of the online world.
With a fractional cybersecurity professional, you can strengthen your—or your client’s— business cybersecurity defenses and protect sensitive data. And the good part about going fractional? Access cybersecurity expertise as needed.
Here are some popular roles you may consider filling in:
Apart from the roles mentioned above, there are hundreds of others that businesses may consider as per their requirements.
For instance, it’s the era of cloud architects. If you need resources with expertise in cloud computing technologies, such as AWS, Azure, and Google Cloud Platform (GCP), you can consider hiring the following on a fractional basis:
Similarly, on the product side, here are some roles that are commonly filled on a fractional basis:
As mentioned above, the list above is not exhaustive. However, these examples illustrate the diverse range of roles that fractional tech talent can effectively fill across various IT domains. If you are from North America, this guide on IT staff augmentation may help you.
At DevEngine, we specialize in bringing fractional tech talent from LATAM regions. We provide access to a pool of pre-vetted and experienced software engineers and data engineers from Latin America, ready to tackle your specific technical challenges on a part-time or project-specific basis.
Our fractional tech talent solutions offer the flexibility and expertise you need to overcome complex technical hurdles, obtain valuable second opinions, or supplement your existing team with specialized skills.
Book a call and discuss your goals with our experts, and we will be on the go to give you the perfect candidate—tested and pre-vetted.
Want to learn more? Here are some resources worth exploring:
A Step-by-Step Guide to Hiring Software Developers in Latin America
Nearshore Staff Augmentation: The Cost-Effective Solution to Talent Shortages
Nearshoring In Latin America – You Don’t Need To Commute To Compute