First, we'll estimate Full-Time CFO costs.
What base salary would you expect to pay your full time CFO?
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The national average is approximately $250,000
How much variable compensation (i.e., bonus) will you offer, as a percentage of base salary? (We recommend 30%)
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10%
20%
30%
40%
What approximate overhead do you pay per employee? (If you don't know, we recommend 5%)
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2.5%
5%
7.5%
10%
Do you intend on providing severance pay?
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Yes
No
Last, we will add payroll taxes and benefits - this is typically 22% of base salary.
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Yes
No
Last, we will add payroll taxes and benefits - this is typically 22% of base salary.
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Next, we'll estimate Part-Time CFO costs.
What hourly rate do you expect to pay for a fractional CFO? Generally, hourly rates range from $250-$500 depending on experience level.
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How many hours a month do you think you would need your fractional CFO?
*
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Great! Here are your results.
Full-Time CFO Annual Cost:
Fractional CFO Annual Cost:
Based on the information provided, this is what you will save annually by hiring a Fractional CFO vs. a Full-Time CFO:
Assumptions:
Company revenues of $5M
Industry: SaaS, eCommerce, or Business Services
2+ direct reports
Company has outside investors or lenders
CFO turnover every 5 years
Should be Empty: