Slices - Facilitating Fractional Work
For many small companies over the past decade, the idea of a "Fractional CFO" has made a lot of sense because they need the expertise but not enough to justify a Full Time Employee (FTE). At the same time, the rise of freelancing has made a lot more people comfortable with juggling multiple clients.
More executive roles (Chief Marketing Officer, General Counsel, etc.) are now exploring fractional work as well as specific types of knowledge work like graphic design where small companies want somethign more steady that project-by-project. With this in mind, is there a role for a software company to faciliate these fractional work relationship?
The concept behind "Slices" is that experience professionals can offer "slices" of their time to paying clients. Maybe someone offers 5 slices, one for each day of the week and structures it that way? Or maybe they only offer 2 slices of 15 hours per week?
The venture can offer both a marketplace for fractional talent and the facilitation of the fractional contract relationship.
Buy a Slice: Are you looking for a specific kind of expert but don’t need a full-time employee? With Slices, you can hire for one day per week (one slice) with only a four week commitment. Browse or search the profiles to see who is available.
Sell a Slice: Are you an experienced professional who likes to choose how many days you work but don’t want the hassle of finding and managing hourly based projects? Sell your time as day-long “slices” to companies that need your help. Click to link your LinkedIn profile and add your rate and availability. If you take a job, we charge the hiring company a x% fee.
Some key hypotheses to validate:
There are a lot of professionals who would like to work for multiple companies one day per week.
There are a lot of companies who would like to hire people for just one day per week.
These people would like to find each other using a software service.
Companies would be willing to pay a % for the service.
Status: This concept was first explored in 2016. Since that time, more roles have become fractionalized. However, there has been an interesting counter-trend emerging too. There are people who have done fractionalized work who complain that they are spread too thin, "just want to work on one thing", and go back to working for a single company. Maybe there is room to explore meeting both needs?