Pricing, Options, Execs and Cons

BambooHR is an all-in-one HR platform designed for small and midsize companies, and it’s nice for rising corporations seeking to improve from a extra restricted HRIS system. However whereas BambooHR gives many benefits, it’s not the proper selection for each firm.

We look at BambooHR’s pricing, options, execs and cons that can assist you gadget if it’s the greatest HR software program to your wants. We additionally supply some ideas for alternate options in case you resolve to look into different choices past BambooHR.

BambooHR pricing

BambooHR doesn’t disclose their pricing info on their web site — it’s important to contact the gross sales group for a customized quote for each their plans and any add-ons:

• Core plan: Contains HR knowledge and reporting, hiring, onboarding, day without work and advantages monitoring, together with entry to BambooHR’s market of pre-built integrations.
• Professional plan: Contains all the things within the Core plan, plus efficiency administration, worker expertise, worker rewards and worker group.
• Add-ons: Payroll (U.S. staff solely), advantages (U.S. staff solely) and time monitoring could be added to both the Core or Professional plans. And you will get a 15% low cost in case you bundle HR, payroll and advantages.

Corporations with lower than 25 staff are charged a month-to-month flat fee, and firms with greater than 25 staff are charged a per-employee, per-month fee. BambooHR additionally doesn’t require an annual contract, so that you received’t be locked in in case you resolve to modify later.

As a plus, quantity reductions are mechanically utilized as you rent extra staff, and in case you’re a registered nonprofit group, you’re entitled to an extra 15% off low cost.

A free trial and free demo is offered, so you’ll be able to check out the software program earlier than you commit.

BambooHR’s key options

HR reporting

BambooHR gives 49 built-in experiences to select from in an effort to visualize your HR knowledge and use it to make evidence-informed selections. Some examples from the library of experiences embody headcount, workforce metrics and approval packages.

With the upgraded plan, you’ll be able to create your individual templates and generate buyer experiences, and every person can customise their dashboard to point out the analytics modules that matter probably the most to them. BambooHR additionally comes with an worker database that gives a secure strategy to monitor and report on worker knowledge, corresponding to tax paperwork.

Hiring and onboarding

BambooHR comes with a built-in applicant monitoring system (ATS) that can assist you publish your job openings broadly, acquire resumes and interview candidates.

When you’ve recognized somebody you wish to rent, you’ll be able to rapidly generate a proposal letter because of the customizable templates and use the onboarding software program to assist the brand new staff full paperwork rapidly. BambooHR additionally comes with instruments to assist fast and environment friendly offboarding every time staff resolve to go away your organization.

Time administration

Each the Core and Professional plans include paid day without work administration. BambooHR will mechanically alert managers every time an worker places in a PTO request, making it straightforward to rapidly examine for calendar conflicts after which approve the request.

Nevertheless, the time and attendance options are an additional paid add-on. This characteristic permits staff to log hours to particular initiatives or purchasers and differentiate between billable and non-billable hours. The cell app lets staff clock out and in whereas they’re on the go, and BambooHR will automate extra time monitoring to guarantee compliance.

Efficiency administration

Efficiency administration is included as a part of the Professional plan. BambooHR comes with each self assessments and supervisor assessments in-built to encourage extra frequent check-ins than simply an annual evaluation. You should use the out-of-the-box efficiency opinions and cycles or customise them with your individual particular questions and scheduling.

For example, you’ll be able to arrange new hires for a examine in each 30 days or sync up assessments to work anniversaries. The system will mechanically remind each managers and staff and embody hyperlinks to assessments within the reminders.

Worker expertise and rewards

BambooHR contains the favored eNPS worker expertise survey, which is impressed by Internet Promoter Scores. It additionally features a extra open-ended strategy to suggestions with AI evaluation of the outcomes to ship an instantaneous satisfaction rating. These surveys assist you determine the right way to enhance worker well-being and satisfaction by utilizing quantitative outcomes and nameless ideas.

BambooHR additionally comes with a number of methods to award staff, together with compensation evaluation and details about fairness choices. These reward statements could be activated for some or all your staff, and it’s also possible to resolve which authorized individuals can see every assertion to guard privateness and delicate knowledge.

Payroll

BambooHR gives an non-obligatory payroll add-on in U.S. states solely. Information from time monitoring, day without work and advantages will mechanically be imported into the payroll module to make calculations correct and quick. BambooHR may also mechanically calculate and file all federal, state and native taxes to your staff to make sure compliance. The worker self-service portal makes it straightforward for staff to entry pay stubs and replace their info with out assist from somebody in HR.

Advantages administration

Advantages administration is the opposite non-obligatory add-on that’s accessible in U.S. states solely. BambooHR comes with computerized service connections in-built, which simplifies syncing enrollment knowledge out of your insurance coverage suppliers to the HR software program. The HR group can rapidly create an enrollment window in BambooHR, whether or not it’s for a brand new rent or qualifying, life occasion or open enrollment. You too can evaluation each staff’ enrollment standing in a single view and approve elections and ship sign-up reminders.

BambooHR execs

• All-in-one HR system for small and midsize companies.
• Straightforward-to-navigate interface.
• Implementation group helps with arrange.
• Worker self-service skills.
• Constructed-in applicant monitoring system.
• Many HR experiences to select from.

BambooHR cons

• Pricing shouldn’t be clear.
• Payroll and advantages administration accessible within the U.S. solely.
• Time monitoring is a paid add-on.

If BambooHR isn’t excellent for you, take a look at these alternate options

Whereas BambooHR is a strong HR resolution that features payroll and compliance, it will not be the perfect match for your corporation in some situations. In the event you’re seeking to outsource your HR division utterly, or in case you function internationally and want to fulfill compliance in several nations, you could be higher off trying into BambooHR´s rivals, corresponding to Justworks, Gusto, Rippling or Papaya World.

Justworks

In distinction to BambooHR, which is an in-house software program resolution for small companies, Justworks is a completely outsourced PEO resolution. It has two plans, one which focuses on payroll, hiring, onboarding and different worker administration options, and one which provides worker advantages administration. In contrast to the vast majority of PEOs, Justworks lists its clear pricing upfront: Plans begin at $59 per worker monthly.

Learn our full Justworks evaluation to be taught extra.

Gusto

Gusto is a detailed competitor to BambooHR, providing most of the identical options. It’s recognized for its payroll platform but in addition gives a whole host of HR instruments, corresponding to hiring and onboarding, advantages administration, efficiency administration, time and attendance and HR reporting. Pricing plans begin at $40 a month plus $6 per worker paid monthly.

Learn our full Gusto evaluation to be taught extra.

Rippling

Rippling is an all-in-one platform that mixes payroll, advantages, HR, IT and compliance. The platform is designed to automate and streamline the executive duties of managing a workforce. Rippling is extra complete than BambooHR and might combine with over 500 apps. Rippling’s price begins at $8 per particular person monthly — contact the gross sales group to get a extra complete pricing quote.

Learn our full Rippling evaluation to be taught extra.

Papaya World

In the event you run worldwide operations with strict world compliance and payroll calls for, you need to look into Papaya World. The platform is a world payroll and workforce administration resolution that helps corporations rent and pay staff throughout 160 nations. Papaya World is extra versatile and scalable than BambooHR and might deal with a number of currencies and languages. Nevertheless, it doesn’t supply superior HR options like BambooHR does, corresponding to worker self-service and HR reporting. Payroll-only plans begin at $15 monthly per worker.

Learn our full Papaya World evaluation to be taught extra.

Evaluation methodology

To write down our evaluation and consider BambooHR’s options, we consulted person opinions and product documentation. We additionally reviewed demos on vendor websites and check drove the software program when attainable. We thought-about components corresponding to pricing, buyer assist and person interface design. We additionally thought-about options corresponding to HR reporting, hiring and onboarding instruments, efficiency administration, worker expertise, payroll and advantages administration.

FAQs

Does BambooHR embody payroll?

BambooHR’s fundamental pricing plans don’t embody payroll, however payroll is offered as an add-on in U.S. states solely.

Does BambooHR have a free model?

BambooHR does supply a free trial, however it doesn’t present a eternally free model of the software program. Take a look at our suggestions for the greatest free HR software program to seek out another.

Does BambooHR combine with Quickbooks?

BambooHR doesn’t supply a local pre-built integration for Quickbooks. Nevertheless, you should use Zapier to attach the 2 software program collectively.

Does BambooHR combine with ADP?

BambooHR doesn’t supply a local pre-built integration for ADP. Nevertheless, the ADP market does supply an integration with Bamboo created by Flexspring that’s accessible for buy.