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Fractional Work
Fractional work (also known as fractional employment, fractional professionals or fractional executives) refers to a work arrangement where an individual provides specialized skills or management services to multiple organizations on a part-time or project basis. This work model has gained popularity in recent years due to the increasing demand for flexible and cost-effective solutions for businesses to access specific expertise. Difference between fractional work, part-time and contractor work Part-time employment or a part-time job typically involves working fewer hours than a full-time employee, usually less than 35 hours per week. Part-time employees are usually entitled to receive some of the same benefits as full-time employees, such as holiday pay, sick pay and pro-rata pension scheme. However, they may not receive all the same benefits as full-time employees and may not have the same job security. Working as a contractor involves working on a short-term basis for a specifi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fractional Executive
Fractional executives are professionals who offer their management services to organizations on a for-hire, part-time basis. These executives typically have extensive experience in a business environment in roles such as chairperson, owner, CxO, senior vice president, vice president, or director. Their skills can be focused in one discipline or be more broad-based, depending on their experience. Overview Fractional executives may work as independent consultants or as part of a consulting firm. However, they are not consultants in the classical sense, because they take an active leadership or management role in the company that hires them, implementing changes and leading the organization just as their permanent counterpart would. They are hired on a project basis, a time-limited basis, or in some cases, on retainer, but they do not work full-time for any particular organization. They may also be known as an interim executive, contract executive, part-time executive, temporary e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Management
Management (or managing) is the administration of an organization, whether it is a business, a nonprofit organization, or a government body. It is the art and science of managing resources of the business. Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees (or of volunteers) to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources. "Run the business" and "Change the business" are two concepts that are used in management to differentiate between the continued delivery of goods or services and adapting of goods or services to meet the changing needs of customers - see trend. The term "management" may also refer to those people who manage an organization—managers. Some people study management at colleges or universities; major degrees in management includes the Bachelor of Commerce (B.Com.), Bachelor of Business ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Part-time Job
A part-time job is a form of employment that carries fewer hours per week than a full-time job. They work in shifts. The shifts are often rotational. Workers are considered to be part-time if they commonly work fewer than 30 hours per week. According to the International Labour Organization, the number of part-time workers has increased from one-quarter to a half in the past 20 years in most developed countries, excluding the United States. There are many reasons for working part-time, including the desire to do so, having one's hours cut back by an employer and being unable to find a full-time job. The International Labour Organisation Convention 175 requires that part-time workers be treated no less favourably than full-time workers. In some cases the nature of the work itself may require that the employees be classified part as part-time workers. For example, some amusement parks are closed during winter months and keep only a skeleton crew on hand for maintenance and offic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Job Security
Job security is the probability that an individual will keep their job; a job with a high level of security is such that a person with the job would have a small chance of losing it. Many factors threaten job security: globalization, outsourcing, downsizing, recession, and new technology, to name a few. Basic economic theory holds that during periods of economic expansion businesses experience increased demand, which in turn necessitates investment in more capital or labor. When businesses are experiencing growth, job confidence and security typically increase. The opposite often holds true during a recession: businesses experience reduced demand and look to downsize their workforces in the short term. Governments and individuals are both motivated to achieve higher levels of job security. Governments attempt to do this by passing laws (such as the U.S. Civil Rights Act of 1964) which make it illegal to fire employees for certain reasons. Individuals can influence their degree ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Independent Contracting In The United States
An independent contractor is a person, business, or corporation that provides goods or services under a written contract or a verbal agreement. Unlike employees, independent contractors do not work regularly for an employer but work as required, when they may be subject to law of agency. Independent contractors are usually paid on a freelance basis. Contractors often work through a limited company or franchise, which they themselves own, or may work through an umbrella company. In the United States, any company or organization engaged in a trade or business that pays more than $600 to an independent contractor in one year is required to report this to the Internal Revenue Service (IRS) as well as to the contractor, using Form 1099-NEC. This form includes the money paid, contractor's name, social security number, address, phone number, and an indicator about the existence of foreign bank accounts; independent contractors do not have income taxes withheld like employees. Vers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fractional Executive
Fractional executives are professionals who offer their management services to organizations on a for-hire, part-time basis. These executives typically have extensive experience in a business environment in roles such as chairperson, owner, CxO, senior vice president, vice president, or director. Their skills can be focused in one discipline or be more broad-based, depending on their experience. Overview Fractional executives may work as independent consultants or as part of a consulting firm. However, they are not consultants in the classical sense, because they take an active leadership or management role in the company that hires them, implementing changes and leading the organization just as their permanent counterpart would. They are hired on a project basis, a time-limited basis, or in some cases, on retainer, but they do not work full-time for any particular organization. They may also be known as an interim executive, contract executive, part-time executive, temporary e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Title
Corporate titles or business titles are given to corporate officers to show what duties and responsibilities they have in the organization. Such titles are used by publicly and privately held for-profit corporations, cooperatives, non-profit organizations, educational institutions, partnerships, and sole proprietorships also confer corporate titles. Variations There are considerable variations in the composition and responsibilities of corporate title. Within the corporate office or corporate center of a corporation, some corporations have a chairman and chief executive officer (CEO) as the top-ranking executive, while the number two is the president and chief operating officer (COO); other corporations have a president and CEO but no official deputy. Typically, senior managers are "higher" than vice presidents, although many times a senior officer may also hold a vice president title, such as executive vice president and chief financial officer (CFO). The board of di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fractional CIO
A fractional chief information officer differs from a traditional chief information officer in that they serve as a working member of a company's executive management team as a contractor and may or may not serve on the company's board of directors. A fractional CIO, also known as a part-time CIO, parachute CIO, or CIO on-demand, is an experienced, multi-faceted professional who serves as the part-time chief information officer of a small or medium-sized business that otherwise could not afford or would not need a full-time executive to hold the position of chief information officer. A virtual CIO or vCIO may have a similar role, but the term ''virtual'' suggests that the individual is not present in the organisation on the same basis as an employed executive. An interim CIO is generally retained for a limited time period, often to oversee a specific project or to cover an interregnum. As with traditional CIOs, a fractional CIO often helps with technology roadmaps, business pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Project
A project is any undertaking, carried out individually or collaboratively and possibly involving research or design, that is carefully planned to achieve a particular goal. An alternative view sees a project managerially as a sequence of events: a "set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations". A project may be a temporary (rather than a permanent) social system ( work system), possibly staffed by teams (within or across organizations) to accomplish particular tasks under time constraints. A project may form a part of wider programme management or function as an ''ad hoc'' system. Note that open-source software "projects" or artists' musical "projects" (for example) may lack defined team-membership, precise planning and/or time-limited durations. Overview The word ''project'' comes from the Latin word ''projectum'' from the Latin verb ''proicere'', "before an action," which in turn comes from ''pro-'', whi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Freelancers
''Freelance'' (sometimes spelled ''free-lance'' or ''free lance''), ''freelancer'', or ''freelance worker'', are terms commonly used for a person who is self-employed and not necessarily committed to a particular employer long-term. Freelance workers are sometimes represented by a company or a temporary agency that resells freelance labor to clients; others work independently or use professional associations or websites to get work. While the term ''independent contractor'' would be used in a different register of English to designate the tax and employment classes of this type of worker, the term "freelancing" is most common in culture and creative industries, and use of this term may indicate participation therein. Fields, professions, and industries where freelancing is predominant include: music, writing, acting, computer programming, web design, graphic design, translating and illustrating, film and video production, and other forms of piece work that some cultural theor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Self-employment
Self-employment is the state of working for oneself rather than an employer. Tax authorities will generally view a person as self-employed if the person chooses to be recognised as such or if the person is generating income for which a tax return needs to be filed. In the real world, the critical issue for the tax authorities is not whether a person is engaged in a business activity (called "trading" even when referring to the provision of a service) but whether the activity is profitable and therefore potentially taxable. In other words, the activity of trading is likely to be ignored if no profit is present, so occasional and hobby- or enthusiast-based economic activity is generally ignored by the tax authorities. Self-employed people are usually classified as a sole proprietor (or sole trader), independent contractor, or as a member of a partnership. Self-employed people generally find their own work rather than being provided with work by an employer and instead earn income from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
