Now that we know what the full-time equivalent would be, let's take a look at the labor market, because what you'll pay is also affected by “the current rate”. Part-time business operations A fractional operations director is a leadership executive who acts as a part-time director of operations. The responsibilities of a fractional operations manager can vary and are typically customized to the needs of the business, including those in marketing, sales, IT, and operations. A fractional chief operating officer can also act as a principal consultant and business advisor to help your company thrive.
Fractional operations managers are valuable and affordable assets for your organization who bring the same skills and experience as a high-level industry veteran at a fraction of the cost. Whether you're a new company or if you've been in business for a while, a fractional COO could be a good fit for you. A fractional COO is a business professional with many years of experience who is willing to work on a temporary, part-time basis for an hourly rate that would normally be equivalent to hiring someone full time. Because a fractional COO only works part-time or on a contract basis, he doesn't receive a full-time salary or company benefits.
Outsourcing a fractional operations manager can ease some of the burdens, so you can rest for as long and recover with more strength. Therefore, it makes sense to start by hiring a fractional chief operating officer (COO) who can help in this area for a fraction of the wage rate. Depending on the operational needs of the organization, sometimes fractional COOs may be used to fulfill specific purposes and temporary projects.