Pricing, Options, Professionals 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 provides many benefits, it’s not the best alternative for each firm.

We study BambooHR’s pricing, options, professionals and cons that can assist you gadget if it’s the perfect HR software program to your wants. We additionally provide some solutions for options in case you determine to look into different choices past BambooHR.

BambooHR pricing

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

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

Firms with lower than 25 workers are charged a month-to-month flat price, and firms with greater than 25 workers are charged a per-employee, per-month price. BambooHR additionally doesn’t require an annual contract, so that you gained’t be locked in in the event you determine to change later.

As a plus, quantity reductions are robotically utilized as you rent extra workers, and in the event you’re a registered nonprofit group, you’re entitled to a further 15% off low cost.

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

BambooHR’s key options

HR reporting

BambooHR provides 49 built-in reviews to select from to be able to visualize your HR knowledge and use it to make evidence-informed choices. Some examples from the library of reviews embody headcount, workforce metrics and approval packages.

With the upgraded plan, you’ll be able to create your personal templates and generate buyer reviews, and every consumer 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 solution to monitor and report on worker knowledge, comparable to tax paperwork.

Hiring and onboarding

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

When you’ve recognized somebody you wish to rent, you’ll be able to shortly generate a proposal letter because of the customizable templates and use the onboarding software program to assist the brand new workers full paperwork shortly. BambooHR additionally comes with instruments to help fast and environment friendly offboarding at any time when workers determine to depart your organization.

Time administration

Each the Core and Professional plans include paid time without work administration. BambooHR will robotically alert managers at any time when an worker places in a PTO request, making it simple to shortly examine for calendar conflicts after which approve the request.

Nevertheless, the time and attendance options are an additional paid add-on. This function permits workers to log hours to particular initiatives or purchasers and differentiate between billable and non-billable hours. The cellular app lets workers clock out and in whereas they’re on the go, and BambooHR will automate time beyond regulation 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 inbuilt to encourage extra frequent check-ins than simply an annual assessment. You should utilize the out-of-the-box efficiency critiques and cycles or customise them with your personal 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 robotically remind each managers and workers and embody hyperlinks to assessments within the reminders.

Worker expertise and rewards

BambooHR consists of 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 immediate satisfaction rating. These surveys assist you determine enhance worker well-being and satisfaction by utilizing quantitative outcomes and nameless solutions.

BambooHR additionally comes with a number of methods to award workers, together with compensation evaluation and details about fairness choices. These reward statements could be activated for some or your whole workers, and you can too determine which accepted folks can see every assertion to guard privateness and delicate knowledge.

Payroll

BambooHR provides an non-obligatory payroll add-on in U.S. states solely. Information from time monitoring, time without work and advantages will robotically be imported into the payroll module to make calculations correct and quick. BambooHR may also robotically calculate and file all federal, state and native taxes to your employees to make sure compliance. The worker self-service portal makes it simple for employees 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 obtainable in U.S. states solely. BambooHR comes with computerized provider connections inbuilt, which simplifies syncing enrollment knowledge out of your insurance coverage suppliers to the HR software program. The HR crew can shortly create an enrollment window in BambooHR, whether or not it’s for a brand new rent or qualifying, life occasion or open enrollment. You can even assessment each workers’ enrollment standing in a single view and approve elections and ship sign-up reminders.

BambooHR professionals

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

BambooHR cons

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

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

Whereas BambooHR is a strong HR answer that features payroll and compliance, it might not be the perfect match for your online business in some situations. In case you’re seeking to outsource your HR division fully, or in the event you function internationally and wish to satisfy compliance in numerous nations, you is likely to be higher off trying into BambooHR´s rivals, comparable to Justworks, Gusto, Rippling or Papaya World.

Justworks

In distinction to BambooHR, which is an in-house software program answer for small companies, Justworks is a completely outsourced PEO answer. It has two plans, one which focuses on payroll, hiring, onboarding and different worker administration options, and one which provides worker advantages administration. Not like the vast majority of PEOs, Justworks lists its clear pricing upfront: Plans begin at $59 per worker per 30 days.

Learn our full Justworks assessment to be taught extra.

Gusto

Gusto is an in depth competitor to BambooHR, providing lots of the similar options. It’s recognized for its payroll platform but in addition provides a complete host of HR instruments, comparable 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 per 30 days.

Learn our full Gusto assessment 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 may combine with over 500 apps. Rippling’s price begins at $8 per individual per 30 days — contact the gross sales crew to get a extra complete pricing quote.

Learn our full Rippling assessment to be taught extra.

Papaya World

In case 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 answer that helps corporations rent and pay workers throughout 160 nations. Papaya World is extra versatile and scalable than BambooHR and may deal with a number of currencies and languages. Nevertheless, it doesn’t provide superior HR options like BambooHR does, comparable to worker self-service and HR reporting. Payroll-only plans begin at $15 per 30 days per worker.

Learn our full Papaya World assessment to be taught extra.

Evaluate methodology

To put in writing our assessment and consider BambooHR’s options, we consulted consumer critiques and product documentation. We additionally reviewed demos on vendor websites and take a look at drove the software program when doable. We thought-about components comparable to pricing, buyer help and consumer interface design. We additionally thought-about options comparable to HR reporting, hiring and onboarding instruments, efficiency administration, worker expertise, payroll and advantages administration.

FAQs

Does BambooHR embody payroll?

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

Does BambooHR have a free model?

BambooHR does provide a free trial, but it surely doesn’t present a endlessly free model of the software program. Take a look at our suggestions for the perfect free HR software program to seek out another.

Does BambooHR combine with Quickbooks?

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

Does BambooHR combine with ADP?

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