chief human resources Officer

At HR Innovex, we provide executive-level fractional human resources services to small and mid-sized companies that are poised to grow and scale. Our fractional CHROs (Chief Human Resources Officers) have extensive experience. They can deliver the strategic leadership, management, and advice you need at just a fraction of the cost of a full-time HR executive. We become a key member of your HR department and empower you to attract and retain a winning team through the delivery of the following services:

How do your fractional HR services work?

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.

What are the benefits of fractional human resources management?

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.

How much does a fractional CHRO cost?

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.

When is it time to hire a fractional human resources service?

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.

Do you provide payroll and benefits services?

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.

How long is the recruiting process

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

What to Expect from a Fractional Human Resources Provider

Our goal is to help you maximize the value of your investment in human capital. Whether you have some internal HR capabilities or use external providers, we assign a fractional CHRO to your team who can step in and oversee your entire HR function. We assess the situation and help you develop and implement a plan for optimizing your systems and talent.

We offer a full range of strategic, financial, and operational services. Our services work together to create an efficient and successful team that can grow and scale with your company.

Schedule a free consultation today to learn what we can do for you.

Unlock Success with Our Executive HR Leaders

For many organizations, the loss of a key executive or department head can be panic-inducing. Leaving a leadership vacancy open places the organization at risk of deteriorating financial, operational, and human capital outcomes. However, executives also can’t afford to gamble at the expense of a poor hire due to a hurried decision on a permanent leader.

That’s where HR Innovex became a game-changer. They save millions, retain top talent, and provide the time needed to find the perfect fit or fill the void during a leader’s absence. We started our Interim Practice with HR Managers and Directors in manufacturing warehouses and have built a strong presence in various industries.

Contracted through HR Innovex, our interim leaders come with a 100% Performance Guarantee, offering you a hassle-free experience. Plus, we can place an interim leader in your organization in just 2 weeks!

CONTACT US FOR A QUOTE

Direct Placement

HR Innovex helps place permanent staff, administrative, and labor roles for your organization.

20% of base salary

CHRO (Fractional)

FLAT RATE

CFO (FRACTIONAL)