The cost of hiring a fractional executive can vary depending on several factors, including the executive’s experience and expertise, the time they will be working with your company, and the specific tasks they will be responsible for. In general, however, the cost of hiring a fractional executive is typically lower than the cost of hiring a full-time executive.
Because fractional executives typically work part-time or project-based, they are not entitled to the same benefits (such as health insurance and retirement savings plans) as full-time employees. This can help to reduce the overall cost of hiring a fractional executive. Additionally, because fractional executives typically work with multiple clients, they can spread their overhead costs (such as office space and equipment) across multiple clients, which can also help to lower the overall cost.
The cost of hiring a fractional executive will depend on the specific executive and their services. However, the cost is generally lower than hiring a full-time executive.