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 firms trying to improve from a extra restricted HRIS system. However whereas BambooHR provides many benefits, it’s not the fitting alternative for each firm.

We look at BambooHR’s pricing, options, professionals and cons that will help you gadget if it’s the finest HR software program on your wants. We additionally provide some recommendations for alternate 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 — you need to contact the gross sales group for a customized quote for each their plans and any add-ons:

• Core plan: Consists of 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: Consists of every little thing 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 may be added to both the Core or Professional plans. And you may get a 15% low cost should 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 received’t be locked in should you determine to modify later.

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

A free trial and free demo is out there, 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 stories to select from so as to visualize your HR knowledge and use it to make evidence-informed choices. Some examples from the library of stories embody headcount, workforce metrics and approval packages.

With the upgraded plan, you’ll be able to create your personal templates and generate buyer stories, and every consumer can customise their dashboard to point out the analytics modules that matter essentially the most to them. BambooHR additionally comes with an worker database that gives a secure method to monitor and report on worker knowledge, akin to tax paperwork.

Hiring and onboarding

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

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

Time administration

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

Nonetheless, the time and attendance options are an additional paid add-on. This characteristic permits workers to log hours to particular tasks 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 in-built to encourage extra frequent check-ins than simply an annual evaluation. You should use the out-of-the-box efficiency evaluations and cycles or customise them with your personal particular questions and scheduling.

As an illustration, 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 workers and embody hyperlinks to assessments within the reminders.

Worker expertise and rewards

BambooHR contains the favored eNPS worker expertise survey, which is impressed by Web 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 find out how to enhance worker well-being and satisfaction by utilizing quantitative outcomes and nameless recommendations.

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

Payroll

BambooHR provides an non-compulsory payroll add-on in U.S. states solely. Information from time monitoring, time without work and advantages will mechanically be imported into the payroll module to make calculations correct and quick. BambooHR may even mechanically calculate and file all federal, state and native taxes on your staff to make sure compliance. The worker self-service portal makes it simple 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-compulsory add-on that’s out there 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 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.
• Straightforward-to-navigate interface.
• Implementation group helps with arrange.
• Worker self-service skills.
• Constructed-in applicant monitoring system.
• Many HR stories to select from.

BambooHR cons

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

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

Whereas BambooHR is a strong HR answer that features payroll and compliance, it is probably not the perfect match for your online business in some cases. If you happen to’re trying to outsource your HR division utterly, or should you function internationally and want to fulfill compliance in several international locations, you is likely to be higher off wanting into BambooHR´s opponents, akin 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 totally 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 nearly all of PEOs, Justworks lists its clear pricing upfront: Plans begin at $59 per worker per thirty days.

Learn our full Justworks evaluation to study extra.

Gusto

Gusto is an in depth competitor to BambooHR, providing most of the identical options. It’s identified for its payroll platform but in addition provides a whole host of HR instruments, akin 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 thirty days.

Learn our full Gusto evaluation to study 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 value begins at $8 per individual per thirty days — contact the gross sales group to get a extra complete pricing quote.

Learn our full Rippling evaluation to study extra.

Papaya World

If you happen to run worldwide operations with strict international compliance and payroll calls for, you need to look into Papaya World. The platform is a worldwide payroll and workforce administration answer that helps firms rent and pay workers throughout 160 international locations. Papaya World is extra versatile and scalable than BambooHR and might deal with a number of currencies and languages. Nonetheless, it doesn’t provide superior HR options like BambooHR does, akin to worker self-service and HR reporting. Payroll-only plans begin at $15 per thirty days per worker.

Learn our full Papaya World evaluation to study extra.

Overview methodology

To write down our evaluation and consider BambooHR’s options, we consulted consumer evaluations 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 akin to pricing, buyer help and consumer interface design. We additionally thought-about options akin to HR reporting, hiring and onboarding instruments, efficiency administration, worker expertise, payroll and advantages administration.

FAQs

Does BambooHR embody payroll?

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

Does BambooHR have a free model?

BambooHR does provide a free trial, however it doesn’t present a perpetually free model of the software program. Take a look at our suggestions for the finest free HR software program to seek out an alternate.

Does BambooHR combine with Quickbooks?

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

Does BambooHR combine with ADP?

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