Scaling your business and looking for a CTO? Hire a part-time technology executive with the skills, knowledge, and experience of a full-time Chief Technology Officer.
Technological capabilities transform rapidly. Businesses rely on up-to-date tech to remain competitive and perform essential functions. It’s critical to have a dedicated executive to evaluate, implement, and manage relevant technology to serve your business needs.
Fractional CTOs engage in executive decision-making and liaise between tech teams and upper management, overseeing everything from IT security, technology contracts, scalability, maintenance, and daily operations. Companies that work with Fractional CTOs often do so contractually, temporarily, or at reduced hours.
For businesses looking to cut costs or compartmentalize technological management, a Fractional CTO offers the benefits of a full-time CTO — for a fraction of the cost.
Unlike full-time CTOs, a Fractional CTO typically concentrates their efforts in predetermined areas. Rather than take on the broad responsibilities of their full-time counterparts, Fractional CTOs have specialized tasks. A start-up, for example, might hire a Fractional CTO to develop its technology roadmap and initial strategy. Companies launching new products or services are known to bring in Fractional CTOs long enough for them to see the project through. As organizations navigate a sudden shift to remote work, Fractional CTOs are useful resources to address the technological needs and necessary implementation requirements.
We have a team of pre-vetted, top-tier, professional Fractional CTOs with industry-specific knowledge and skill sets. When you work with Esteemed Talent, you’ll receive a curated list of expert CTOs available for immediate hire. This arrangement is cost-effective and improves your time and resource efficiency. With our Fractional CTO service, you’ll waste no time on tedious recruiting and onboarding. Our team members are capable of quickly addressing your needs and getting up to speed on important projects.
A fractional CTO is defined as a CTO who manages technology for a company “for a fraction of the time, on a fraction of the projects, and for a fraction of the cost,” compared to their traditional full-time counterpart. There’s no distinction between education level, years of experience, or any other skill – the only difference is that a fractional CTO is essentially an on-demand consultant for specific projects, plans, or technologies.
There are a host of functions and responsibilities that a fractional CTO takes on, and they generally vary by the company’s industry, size, and maturity.Fractional CTOs typically involve themselves in both the technical aspect (collaborating with developers, overseeing IT maintenance, etc.) and with business development. Sometimes, a fractional CTO will focus exclusively on technology matters. These executives are actively involved in decision-making and play a critical role in connecting upper management with tech teams.
Fractional CTOs are added to a company’s upper management when the organization faces challenges with an existing development team. A fractional CTO is a great solution if you require a talented individual to fill the role, but either don’t have the resources to bring on a full-time hire or your business is still growing and doesn’t yet provide enough work for a full-time CTO. With a fractional CTO, you can address precisely the projects you’re prepared to tackle, and you’re getting a seasoned professional with diverse experience (and a fresh perspective!) at a fraction of the cost.
Hiring a fractional CTO comes with its own set of challenges. If you’re looking to hire a fractional CTO, you’re most likely seeking a hiring solution that provides immediate benefits at a fraction of the time and money it would cost to follow the more “traditional” route. At Esteemed, we’ve cultivated a community of fractional CTOs who are available, on-demand, to help your business scale. When you team up with us, you gain immediate access to a team of pre-screened, highly-skilled fractional CTOs. We help startups and established organizations alike find top talent who are ready for immediate hire.
Fractional CTOs can help your organization by taking on any responsibility you would otherwise ask of a full-time CTO. They’ll design and execute your technology strategies, manage your IT team, serve on executive committees, and present reports. They’ll also make critical business decisions – backed by CTO industry trends and time-honored methods.Fractional CTOs get greater exposure to more organizations, more teams, more talent, and more projects than if they remained at a single company for the entirety of their career. Your business benefits from this, and by teaming up with a fractional CTO, you’re positioning your organization to adapt to emerging technologies.
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