Published on July 5, 2024
Let’s talk about something exciting: the world’s growing economy and how businesses can be part of it. MSN News recently shared that the global economy could grow by 3.5% in 2025, with tech and healthcare leading the charge. But what’s fueling this growth, and how can companies join in? The secret might just be embracing fractional employment.
You’re probably familiar with traditional employment models, where businesses hire full-timers for specific roles. But with the gig economy and shifting workforce dynamics, fractional employment has become a popular alternative. Fractional employment means hiring experts for part-time or project-based work, giving businesses access to specialized skills without long-term commitments.
Adopting this model can be a game-changer for businesses. They can tap into niche talents, cut overhead costs, and scale their workforce according to changing needs. And that’s where fractional employment leaders step in. These pros, with deep industry knowledge and trend awareness, help businesses navigate the challenges of today’s fast-paced market.
By teaming up with fractional employment leaders, businesses can enjoy perks like gaining access to cutting-edge expertise and insights, staying ahead of the competition, and developing innovative solutions to complex problems. Deloitte’s report reveals that 63% of executives believe having access to specialized skills and expertise is vital for driving innovation and growth.
Now, let’s explore two industries that are thriving and rapidly changing: tech and healthcare.
In the tech industry, artificial intelligence, blockchain, and cybersecurity are revolutionizing the landscape. Fractional employment leaders can help businesses by developing innovative solutions using emerging tech, improving cybersecurity, and staying on top of trends. Gartner predicts that global IT spending will hit $3.8 trillion in 2023, with AI and cybersecurity being significant investment areas.
The healthcare industry is also evolving, focusing on personalized medicine, digital health, and value-based care. Fractional employment leaders can aid companies by creating innovative patient care solutions, enhancing operational efficiency, and staying updated on regulatory changes and trends. Deloitte’s report anticipates the global healthcare industry growing by 5.4% in 2023, with personalized medicine and digital health as key drivers.
So, what does the future hold for work? Embracing fractional employment will be crucial for businesses to stay agile and competitive. By tapping into specialized skills and insights, they can drive innovation and growth in a rapidly changing market.
Fracternal AI is here to help. As experts in fractional employment, we’re committed to providing businesses with the knowledge and tools they need to succeed in this exciting new era. Let’s shape the future of work together!