Purple Squirrel Advisors

Understanding Fractional Employment Roles: A Growing Trend in the Workforce What is Fractional Work? 🤔 Fractional work refers to a model where executives engage with an organization on a part-time or project basis rather than in full-time, traditional roles. Companies hire experts to fulfill specific roles for a fraction of their time, allowing them to leverage specialized skills without the commitment and expense of a full-time hire. Why are Employers Seeking Fractional Executives? 1. Flexibility and Agility: In an ever-changing business landscape, companies need to be agile. Fractional executives allow organizations to adapt quickly to market demands, bringing in expertise as needed without the long-term commitment. 2. Cost-Effectiveness: Hiring fractional executives can be more economical for companies.  This can be particularly beneficial for small growing businesses that can’t afford the full-time salary of a skilled C-level expert. 3. Access to Specialized Talent: Many businesses seek out fractional roles to tap into high-level expertise that may not be feasible or necessary to bring on full-time.  4. Diverse Skill Sets: By working with fractional executives, organizations can benefit from a variety of perspectives and experiences, enhancing their innovation and problem-solving capabilities. 5. Risk Mitigation: Fractional roles enable businesses to test new strategies or initiatives with less risk, allowing them to scale up or down as needed. Why Do Executives Opt for Fractional Roles? 1. Work-Life Balance: Fractional roles often provide greater flexibility, allowing executives to balance multiple interests, projects, or personal commitments.  2. Variety of Experience: Fractional work allows individuals to engage with different industries and companies, broadening their skill sets and networks. 3. Autonomy: Many workers enjoy the independence that comes with fractional roles, allowing them to manage their schedules and choose projects that align with their passions. This may allow for time on boards, passion projects and small ownership opportunities. A Few Considerations… Employers: - Conduct a comprehensive evaluation of needs before pursuing fractional options to verify alignment with long-term goals. - Ensure they fit company objectives and minimize disruptions amongst current employees. Fractional Executives: - Understand and agree to a time frame around your involvement. Decide whether you’d prefer a more short-term or long-term fractional role. Fractional employment is reshaping the way companies and individuals approach work. With its promise of flexibility, access to specialized skills, and cost savings, it’s likely that this trend will continue to grow in the coming years. #FractionalWork #ExecutiveRecruiting #DetroitRecruiting

Weekly Recap! Purple Squirrel Advisors is celebrating 🎉 the placement of an exceptional candidate: -Fractional Chief Operating Officer for a privately held medspa in the Metro Detroit area. The Squirrels had a whirlwind week, packed with networking, sourcing top talent, conducting client interviews, and meeting with candidates for a variety of exciting opportunities! Carrie Schochet, Natasha Nestorovski, and Kim Lentine attended FEI Detroit (Financial Executives International) showing of the film Show Her The Money, which highlights the fact that women receive less than 2% of venture capital funding and explores the importance of financial backing for gender equality. The film follows four female founders overcoming challenges to grow their businesses, with support from angel investors, and showcases their potential to reach billion-dollar "unicorn" status. After the screening, Carrie led an engaging panel discussion with film producer Catherine Gray and Michigan Women Forward CEO Carolyn Cassin. Carrie and Meaghan Brown attended EO Detroit's event featuring Mallory Brown – Becoming a Changemaker: The Journey to Empathy, Leadership & Making an Impact! This EO learning event, coordinated by Carrie, focused on both personal growth and learning how to create a strong culture to propel businesses forward. Carrie and Natasha attended a team-favorite event, the 100 Businesses Who Care - Southeast Michigan fall meeting! It was great to see a group of like-minded business leaders gather to support the local non-profit community. Congratulations to Love For A Child, which was selected as the winning charity. They are a non-profit organization that serves children currently active within Michigan’s foster care system. The program focuses on impacting children of trauma who have experienced different forms of abuse, abandonment, and neglect. To learn more about how you can become involved in 100 Businesses Who Care - Southeast Michigan and help support local non-profits, please reach out to Natasha Nestorovski. Natasha represented Purple Squirrel Advisors at ACG Detroit’s Oktoberfest! It was a great evening of networking and making connections while enjoying some traditional German food and beer! #WeeklyRecap #ExecutiveRecruiting #Newtworking #placement #Givingbacktothecommunity

As Hurricane Milton approaches the Florida Gulf Coast, we pray that everyone in its path has settled in a safe place. We hope to see Hurricane Milton make a soft landing in Florida.

Monday Motivation! #MakeItHappen #ExecutiveRecruiting #MondayMotivation

Weekly recap! The Squirrels had a busy and productive week, focusing on sourcing and interviewing candidates for a variety of opportunities. Active Searches 📣 -Director of Quality Engineering and a Project Engineer for a private equity-backed specialty vehicle manufacturer in Granger, Indiana - Director of Quality Assurance for a private equity-backed aerospace manufacturing company in the Metro Detroit area. -Controller for a privately held construction company in Bridgeport, MI -Controller for a privately held construction company in Fenton, MI Carrie Schochet and Natasha Nestorovski attended an event hosted by ACG Detroit & EO Detroit, where Brian Calley President & CEO of the Small Business Association of Michigan and former Lieutenant Governor, shared insights on the intersection of policy, politics, and business. He discussed how recent legislative changes, such as new paid sick leave and minimum wage regulations, could impact business outcomes. Attendees gained valuable perspectives on navigating and adapting to evolving policies and political shifts that may affect the business landscape. #WeeklyRecap #Recruiting #Networking #ExcutiveSearch #ActiveSearches

📢 Active Searches! 📢 Exciting Controller Opportunities with Two Dynamic Companies in Michigan! Purple Squirrel Advisors is on the hunt for Controllers to join two thriving, privately held companies in Michigan. If you're a strategic finance leader looking for an opportunity to make an impact and shape the future of a growing business, this could be the perfect fit for you! Know someone who might be interested? Or could this be your next big career move? Contact Kim Lentine or Natasha Nestorovski today to learn more about these exciting roles! #Hiring #Controller #Construction #ExecutiveRecruiting

Monday Motivation! 🌅 #RiseAndShine #MakeItHappenMonday #ExecutiveRecruiting #MondayMotivation

Weekly recap! Purple Squirrel Advisors is celebrating 🎉 the placement of an exceptional candidate. -Chief Operating Officer for a private equity-backed company in Novi, MI.   Purple Squirrel Advisors is excited to announce that we kicked off three new searches this week: -Director of Quality Engineering and a Project Engineer for a private equity-backed specialty vehicle manufacturer in Granger, Indiana - Director of Quality Assurance for a private equity-backed aerospace manufacturing company in the Metro Detroit area.   The Squirrels have had a busy week filled with networking events, board meetings, celebrations, and more! The team kicked off the week by celebrating Meaghan Brown's birthday 🎂 with a fun lunch at Detroit Taco Company in Troy. It was a fantastic time filled with delicious food 🌮 and plenty of catching up after the weekend! Carrie Schochet & Natasha Nestorovski attended FEI Detroit's Kick-off Dinner Meeting at the Detroit Athletic Club, it was a wonderful evening of networking and inspiration. The event featured Jenny Feterovich as the keynote speaker where she shared her journey from growing up in Soviet Russia to becoming a successful entrepreneur and award-winning producer. She emphasizes letting go of fantasies and taking practical steps to achieve dreams. She left the audience with many great lessons learned. Carrie and Kim Lentine attended the ACG Detroit’s Women’s Forum Coffee and Connections event held at BDO’s office in Troy. The ladies broke up into small groups for a facilitated discussion around relationship-building, balance, and professional growth. It was a wonderful morning of building connections and exchanging insights leaving everyone energized and inspired! Additionally, Carrie had the chance to hear from EO Founder and author of Scaling Up, Verne Harnish! Verne dove into strategic pricing and compensation insights that have helped businesses multiply revenue and profitability. A must-read for business leaders looking at how to grow their companies sustainably. #weeklyrecap #recruiting #executivesearch #newsearch #newplacement #networking

Monday Motivation! #PurpleSquirrelAdvisors #Recruiting #Motivation

Weekly recap! The Squirrels have had a busy week! We are also excited to announce that we kicked off a new search this week. - Fractional Chief Operating Officer for a privately held medspa in the Metro Detroit area. Carrie Schochet spent an incredible week in Lucerne, Switzerland, with the Tinzon Group, where she had the exciting opportunity to collaborate with executive search leaders from around the globe. They engaged in discussions about the latest trends, challenges, and successes they have encountered over the year, while also sharing best practices and new technologies. Natasha Nestorovski represented Purple Squirrel Advisors at the ACG Detroit's Wine Down Wednesday, held at Hazel's in Birmingham. The evening provided a fantastic opportunity to network, build new connections, and engage in meaningful conversations over cocktails. Meaghan Brown rounded out the week by participating in BDO's Detroit Dealmakers monthly meeting. Meaghan engaged with local business leaders, participating in high-level discussions on ongoing projects, emerging industry trends, and evolving market conditions. #WeeklyRecap #Recruiting #Networking #InternationalExcutiveSearchAlliance #NewSearch