Fractional CHRO Services, Real Impact

Usually, within 2-3 weeks, we can have an HR professional identified for your organization.

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We will make connections, provide advice, and help you hire the right payroll and benefits providers for your needs. HR Innovex can provide payroll processing services using our preferred provider.  

We will also help to onboard or offboard certain providers or pursue related initiatives. However, we do not serve as insurance or benefits brokers.

Some start-ups and small businesses with simple needs can get along just fine without a Chief Human Resources Officer. As your company grows and pursues initiatives that will allow you to scale, however, you will likely need higher-level HR skills. Such companies require stronger systems and processes for attracting, managing, motivating, and serving the needs of their workforce.

When your internal HR team can no longer meet the needs of your employees, but you’re not quite ready to hire someone full-time, it’s time to hire a fractional CHRO.

The cost of fractional human resources services will vary greatly, depending on what you need. Our fractional CHRO rates average around $200-$250 per hour, with a minimum commitment (for ongoing engagements) of 10 hours per month. Therefore, you can expect to spend roughly $30,000 per year (or more) if you require ongoing services.

When you compare this to the cost of a full-time CHRO, which would run you approximately $350,000 a year (after taxes, benefits, and bonuses), the value is clear. You get a C-level executive at just a fraction of the cost.

Our fractional CHROs can benefit any human resources team that finds itself in need of strategic guidance. Sometimes clients ask us to step in as an interim CHRO when someone internally is going out on leave. Other times, clients hire us to tackle complex HR projects or provide oversight when they lack the necessary skills in-house or don’t need (or can’t afford) a full-time Chief Human Resources Officer. We offer a cost-effective option for executive-level HR management that is highly suitable for small and mid-sized companies.

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Our fractional HR services focus on high-level human capital acquisition, management, and oversight. We start by assessing the overall needs of your business and the people and solutions you already have in place. Then we work with you to develop a customized engagement that will prioritize the most complex and timely issues while allowing for the unique nuances of your industry, stage of growth, and budget.

Then, we get to work. We collaborate with your existing advisors, team, and service providers to create, implement, manage, and monitor an action plan for making the most of your investment in human capital. If necessary, we also pull in additional expertise to address any skill and experience gaps.

We deliver quarterly reports on our goals, performance, priorities, and issues during our engagement, so you will always know where things stand. And, of course, you can reach out to our team anytime when you have questions.