Hiring a fractional CIO (chief information officer) has several potential benefits for a company. Some of the most significant benefits may include the following:
Cost savings: Hiring a fractional CIO can be more cost-effective than hiring a full-time CIO, especially for smaller companies that may not have the budget for a full-time executive. Fractional CIOs typically charge an hourly rate or a flat fee for their services, which can be less expensive than the salary and benefits required to hire a full-time CIO.
Flexibility: A fractional CIO can be hired on a part-time or as-needed basis, which allows the company to access a CIO’s expertise and guidance without the commitment of a full-time employee. Because fractional CIOs are only on an as-needed basis, organizations can scale their technology support up or down as needed, potentially resulting in cost savings.