Fractional executives, like those at Benchmark Associates, Inc, are those who offer their skills and expertise to other companies on a for-hire basis. Fractional CxOs can provide invaluable experience to your company with a fresh eye and neutral outsider’s perspective. Because our for-hire executives have decades of experience in different industries, your company benefits from a diverse background and unique perspective.
At some point in your company’s career, you will experience a gap in executive personnel. One common downfall company’s experience is by either leaving the position open, dividing responsibilities and delegating to members of management or filling the slot with the “next in line.” All of these are dangerous business moves that could potentially damage your company. Additionally, when companies transition from a startup to a full-fledged company, the executive positions may be completely overlooked. What used to be a 4-man operation that has grown to hundreds and multiple locations can no longer function without a full executive staff and management team. Hiring a temporary, or fractional, executive — CEO, CFO — can help continue your growth trend while offering experienced leadership and business prowess.
Interim CxO
For the times when your company is without a CEO or CFO, an interim CxO is a great option. An executive for hire allows your management team to focus on running the business without taking on additional duties. This helps improve efficiency, productivity, job satisfaction, and growth. An outside CxO allows your board and management team the time they need to find the right fit for the job without rushing or putting the next person in the line of succession who may not be equipped to handle the roles and responsibilities.
While in office, the fractional CxO can handle all of the executive responsibilities including making major corporate decisions based on experience and sound judgment, manage the overall company operations, and act as the face of the company, representing the management team, board, and shareholders.
Once a permanent executive is selected, the fractional CxO will leave your company in the capable hands of the new chief.
CxO on Retainer
Once you have hired and trained your executives, our contract CxO will step down but can be on retainer to help provide guidance and management coaching to continue to grow your company in the right direction.
Our services provide senior-level management the opportunity to decrease their workload and focus on the strategic direction of the company, doubling their impact to reach the company objectives. You can expect to have real-time results that will drive your business towards higher profitability and promote a positive work environment for your senior management team and labor force. Contact us to meet your Fractional CxO today.