February 28, 2021

The Cost of Hiring a Business Operations Manager vs. a Full Time Employee
By Pam Weiser

One of the biggest differences between hiring a business operations manager and a full time employee is the cost, and if you’re a small business owner or entrepreneur, the cost is usually going to be your deciding factor. Is hiring someone full time really in your budget, or does hiring a personal concierge, to support you and the business make more sense? 

Hiring a business operations manager is less expensive than hiring someone full time. Here is why...

Full time employees require additional expenses, on top of their regular salary. Such as:

• Healthcare Insurance
• Workers' Compensation
• Vacation Pay
• Retirement Benefits
• Taxes
• Overtime Pay (if hourly)
• Life Insurance
• Sick pay
• Training costs
• Office Equipment (computer, monitor, desk, etc.)
• Turnover costs 

Time is also a huge factor. How many hours does your team spend going through resumes, scheduling interviews, interviewing, and then negotiating? It may take weeks or months trying to find the right candidate.

When you hire a Business Operations Manager: 

• You’re only paying them the rate which has been agreed upon, based on the hours or projects worked. 

• There are no overhead costs for you or the assistant. 
• Business Operations Managers are remote and have their own workspaces and equipment. 
• Business Operations Managers pay their own taxes and health insurance.
• Business Operations Managers pay for their own training, in order to advance their skills.
• If it doesn’t work out with your assistant, the cost to find another one is minimal vs. the cost and time it takes to find a new full time employee.
• Business Operations Managers work flexible hours. This is more convenient than having to hear about an employee complain, for working off hours.

A Business Operations Manager can save you time and money, as well as help you scale your business. Are you ready to hire an experienced Business Operations Manager?

“Whenever you see a successful business, someone once made a courageous decision.” ― Peter F. Drucker

Be The Wiser 
​www.bethewiser.net/