Pricing, Options, Execs and Cons

BambooHR is a whole human useful resource resolution utilized by greater than 23,500 firms globally. The platform is in style amongst small and mid-sized firms. It differentiates itself from PEO distributors like Gusto, Rippling, Papaya World, OnPay and others by specializing in superior HR options and payroll and compliance.

Based in 2008, the cloud-based software program helps HR managers with all facets of the worker lifecycle, from recruitment to onboarding, efficiency experiences, time monitoring and advantages. BambooHR isn’t designed for firms that wish to outsource their whole HR departments.

SEE: Take a look at the very best PEO firms for 2023 to be taught extra about options to BambooHR.

The answer has 4.3 stars out of 5 in Gartner Peer Insights and 4.3 stars in Trustpilot. The corporate can run payrolls within the U.S. and internationally by means of built-in companion choices. Moreover the highest PEO firms talked about, BambooHR opponents embrace SAP HXM, Workday, UKG, ADP Workforce Now and others.

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BambooHR quick information desk

Pricing: Obtainable upon request.

Key options:

• Superior HR lifecycle instruments: From rent to onboarding to efficiency.
• Limitless payroll runs, together with advantages and tax submitting.
• Constructed-in time and attendance.
• Cell app for workers.
• HR and payroll experiences to extend visibility and data-driven decision-making.

Pricing

BambooHR doesn’t share its worth on its web site. firms should contact account executives to get a free worth quote. The platform has been very profitable with small and medium firms, so pricing might be thought of accessible.

Companies with 20 or fewer workers are charged a month-to-month flat fee, whereas those that make use of 20 or extra individuals can entry the software program at a worth per-employee monthly foundation. BambooHR doesn’t require an annual contract and applies reductions for firms scaling and hiring new staff.

The answer is on the market underneath two plans, Necessities and Benefit. The beginning plan presents fundamental HR options, whereas Benefit provides a number of extra superior HR instruments. Moreover, customers can entry optionally available add-ons corresponding to payroll, advantages administration, efficiency administration and others. BambooHR presents a free trial with restricted options, absolutely practical for 30 days.

BambooHR’s key options

BambooHR options are centralized underneath a single platform to combine siloed techniques, separate sources of knowledge and disconnected workflows. Corporations use the cloud platform to modernize and enhance HR groups’ efficiency.

All BambooHR options might be divided into 4 predominant classes: HR knowledge and reporting, hiring and onboarding, payroll, time and advantages, worker expertise and efficiency.

HR knowledge and reporting

Corporations use these options to securely and effectively retailer all worker knowledge in a single database. The primary advantages of this know-how embrace knowledge safety and privateness, visibility and automatic reporting.

The options enable firms to trace and report on delicate worker knowledge. On the similar time, its automated know-how leverages over 49 built-in experiences, which can be utilized to realize insights and make efficiency modifications all through the group. The central database can be accessible for HR groups and workers by means of the Bamboo cellular App, growing accessibility and staff’ expertise.

Hiring and onboarding

One of many best strengths of BambooHR is its trendy options, that are designed to enhance the expertise of candidates and new hires. These enable firms to draw, rent seamlessly and retain expertise.

Options just like the applicant monitoring system allow companies to speak successfully with candidates all through the hiring and onboarding course of. Automated notifications hold candidates and HR groups knowledgeable and up to date, whereas added permissions enable others within the firm to overview new candidates. All the system is automated to maintain the method transferring ahead, with digital paperwork offering fast signatures.

Equally, the platform manages a contemporary expertise for brand spanking new hires and onboarding and offboarding. Corporations have discovered these options useful to construct hybrid and distant groups and to take care of spikes in recruiting and scaling again.

Payroll, time and advantages

The payroll, time and advantages options make BambooHR an integral resolution that goes past strictly HR companies. With these options, groups can visualize worker payroll and advantages in a single dashboard. Moreover, they’ll handle time-off and time-track staff whereas stopping double-entry and errors, in addition to rushing up handbook approval processes.

Corporations use these options to streamline the time-consuming course of, manually coming into knowledge and automating taxes.

The platform presents each nationwide and worldwide payroll (by means of integrations).

The U.S. payroll resolution gives:

• A simple, three-step course of.
• Federal and state tax submitting.
• Distinctive buyer assist.
• A single supply of knowledge.

Utilizing BambooHR, groups can run experiences at any time to extend visibility and make knowledgeable selections. Companies that want international payrolls can use Blue Marble or CloudPay, which combine with BambooHR.

Worker expertise and efficiency

These options are one other component that units BambooHR other than its opponents. They’re used to construct trendy, two-way communication channels between HR and workers, observe efficiency and provide wellbeing applications.

Options embrace:

• Worker satisfaction with eNPS: Suggestions and sentiment instruments constructed into BambooHR to develop communications and take motion, whereas bettering efficiency and constructing tradition and worker expertise. Surveys are used to create scores with in-depth analytics.
• Efficiency administration: Companies can handle their staff´ objectives and efficiency, setting milestones and doing assessments to assist workers.
• Worker wellbeing: Surveys enable firms to verify in with their staff and measure happiness, wellness, work-life steadiness, engagement and work well being.

Execs

• Platform absolutely devoted to offering all trendy HR instruments an organization wants for its HR division.
• Can run nationwide and worldwide payrolls.
• Manages tax and compliance.
• Best for constructing firm tradition.
• Helps companies appeal to and retain expertise.
• Seamless hiring, onboarding and offboarding.
• Glorious visibility and report era capability.
• Breaks siloes.
• Permits firms to turn out to be data-driven.
• Cell and net cloud purposes for each the corporate and its staff.
• Clear and simple to make use of.
• Can synchronize, observe and handle worker time, schedules, day off, working hours and extra.

Cons

• Worth not disclosed on the web site.
• World payroll is just accessible by means of integrations.
• Not fitted to firms seeking to outsource the whole lot of their HR departments.
• No 24/7 assist.

BambooHR options

Whereas BambooHR is a strong HR resolution that features payroll and compliance, it might not be the very best match for your online business in some situations. In case you are seeking to outsource your HR division fully, or for those who function internationally and wish to fulfill compliance in several international locations, you may be higher off trying into BambooHR´s opponents, corresponding to Gusto, Rippling, or Papaya World.

Gusto is understood for being a really budget-friendly PEO resolution and consists of all of the HR options that BambooHR has. Whereas it lacks superior HR functionalities, its strengths in payroll, tax and advantages, sided with a really user-friendly interface, make it a strong choice.

Learn our full Gusto overview to be taught extra.

Then again, 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. Nonetheless, it might be extra advanced and costly than BambooHR and presents a special stage of buyer assist.

Learn our full Rippling overview to be taught extra.

Lastly, for those who run worldwide operations with strict international compliance and payroll calls for, it is best to look into Papaya World. The platform is a worldwide payroll and workforce administration resolution that helps firms rent and pay workers throughout 140 international locations. Papaya World is extra versatile and scalable than BambooHR and may deal with a number of currencies and languages. Nonetheless, it doesn’t provide superior HR options like BambooHR does, corresponding to worker self-service and HR reporting.

Learn our full Papaya World overview to be taught extra.

Assessment methodology

To put in writing our overview and consider BambooHR’s options, we checked out websites that compile mixture knowledge based mostly on verified person opinions, corresponding to Trustpilot, Gartner Magic Quadrant, Gartner Peer Insights and others. We additionally reviewed demos on vendor websites, test-drove the software program when doable and scoured by means of the official websites of every vendor to judge its options, customer support, user-friendliness, worth and scalability.