Talent platforms are booming. We are part of a booming market that has matured abruptly after experiencing an unprecedented Lockdown on a global scale. Remote working and asynchronous meetings have enabled companies to access executives on demand who were previously inaccessible.  

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The companies of the future that will really have a competitive edge are those that know how to combine internal and external talent in their projects and needs. According to a recent McKinsey survey, 40% of American workers will be independent by 2025. At Future Insight in Brazil, 18% of employers consider it likely that on-demand leadership will be recruited by 2023.

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One of the most sought-after positions is that of part-time CFO. A startup is a company that seeks to innovate and grow in an uncertain and competitive market, but the last few years have been truly turbulent. Entrepreneurs are constantly looking for levers to extend their runway. Faced with this scenario, it is necessary to have efficient and strategic financial management that can keep up with the challenges of the business. However, it's not always possible to hire a full-time CFO who has the experience and vision needed to lead the financial area of a startup.

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An alternative is to have a part-time CFO. An executive who works on demand and this demand can be defined according to the needs of the business, whether it's full time for a certain period or a few hours a week. In this case, it's important that the company takes into account the critical capabilities of its moment and understands the amount of hours required. For example, this semester the focus will be on fundraising and budget planning. The on-demand professional invests their time in these areas and can count on an internal support structure to deal with tactical and operational matters. It's important to note that a part-time CFO can do everything a full-time CFO does, since for this level of seniority, it's natural to invest most of the time in more strategic than operational matters. 

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The benefits of this model for a startup are numerous, such as having access to a senior person, with the right expertise, at the right time, while ensuring financial efficiency since hiring a fraction of an executive is more efficient than full contracts. As part of their role, they can bring valuable insights, such as feasibility analysis, proper financial planning, fundraising, risk management, revenue generation, among others. In this way, the entrepreneur can focus on other business challenges, such as developing the product or service, attracting customers and expanding the market.

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As a professional with vast experience and knowledge, they can easily adapt to the changes and demands of the startup, offering quick and effective solutions to any financial problems that may arise.

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In addition to on-demand professionals, the Open Talent Era has allowed companies to emerge to act as a connector between these executives and the companies. At Chiefs.Group, a pioneering talent platform in the Brazilian market, there are more than 1,200 executives registered to work on flexible projects. In addition to the product of part-time professionals, it is possible to hire mentoring, board members on demand or a specific project using their own methodology, such as strategic planning. 

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The possibilities are endless. The company can hire a part-time CFO for fundraising, to diagnose the business, design budget scenarios and set up the necessary structure for the finance team. The company subscribes to a monthly subscription plan with Chiefs.Group, where the subscription price varies according to the number of simultaneous flexible vacancies the company wishes to work on at the time. Chiefs.Group will provide strategic support throughout the journey to ensure that the Chief adapts quickly and generates the expected value. The value of the professional is calculated according to the total compensation and the seniority of the executive in the market in relation to the fraction of hours of combined performance.

Having access to the executives who are the decision-makers in companies and who dictate values in the new world of work and the new economy has never been easier or more accessible. The future of work has already begun.

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‍Cristiane Mendes

CVO and founder of Chiefs.Group 

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