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

We look at BambooHR’s pricing, options, professionals and cons that can assist you system if it’s the finest HR software program to 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 workforce for a customized quote for each their plans and any add-ons:

• Core plan: Consists of HR information and reporting, hiring, onboarding, break day and advantages monitoring, together with entry to BambooHR’s market of pre-built integrations.
• Professional plan: Consists of every thing 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 will be added to both the Core or Professional plans. And you may get a 15% low cost if you happen to 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 gained’t be locked in if you happen to determine to modify later.

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

A free trial and free demo is obtainable, so you possibly can check out the software program earlier than you commit.

BambooHR’s key options

HR reporting

BambooHR affords 49 built-in experiences to select from so that you could visualize your HR information and use it to make evidence-informed selections. Some examples from the library of experiences embrace headcount, workforce metrics and approval packages.

With the upgraded plan, you possibly can create your personal templates and generate buyer experiences, and every consumer can customise their dashboard to indicate the analytics modules that matter probably the most to them. BambooHR additionally comes with an worker database that gives a protected option to observe and report on worker information, comparable to tax paperwork.

Hiring and onboarding

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

When you’ve recognized somebody you need to rent, you possibly can rapidly generate a suggestion letter due to 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 determine to depart your organization.

Time administration

Each the Core and Professional plans include paid break day administration. BambooHR will routinely alert managers every time an worker places in a PTO request, making it straightforward to rapidly test for calendar conflicts after which approve the request.

Nonetheless, the time and attendance options are an additional paid add-on. This characteristic permits staff to log hours to particular initiatives or shoppers and differentiate between billable and non-billable hours. The cellular app lets staff 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 evaluate. You should utilize the out-of-the-box efficiency critiques and cycles or customise them with your personal particular questions and scheduling.

As an illustration, you possibly can arrange new hires for a test in each 30 days or sync up assessments to work anniversaries. The system will routinely remind each managers and staff and embrace hyperlinks to assessments within the reminders.

Worker expertise and rewards

BambooHR consists of the favored eNPS worker expertise survey, which is impressed by Web Promoter Scores. It additionally features a extra open-ended method to suggestions with AI evaluation of the outcomes to ship an prompt satisfaction rating. These surveys assist you determine find out how to enhance worker well-being and satisfaction through the use of quantitative outcomes and nameless recommendations.

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

Payroll

BambooHR affords an non-compulsory payroll add-on in U.S. states solely. Information from time monitoring, break day and advantages will routinely be imported into the payroll module to make calculations correct and quick. BambooHR may also routinely calculate and file all federal, state and native taxes to your employees to make sure compliance. The worker self-service portal makes it straightforward 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-compulsory add-on that’s obtainable in U.S. states solely. BambooHR comes with automated provider connections in-built, which simplifies syncing enrollment information out of your insurance coverage suppliers to the HR software program. The HR workforce 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 may as well evaluate each staff’ 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 workforce helps with arrange.
• Worker self-service skills.
• Constructed-in applicant monitoring system.
• Many HR experiences to select from.

BambooHR cons

• Pricing will not be clear.
• Payroll and advantages administration obtainable within the U.S. solely.
• Time monitoring is a paid add-on.

If BambooHR isn’t ultimate 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 one of the best match for what you are promoting in some situations. In case you’re seeking to outsource your HR division fully, or if you happen to function internationally and want to fulfill compliance in several nations, you could be higher off trying into BambooHR´s opponents, comparable to Justworks, Gusto, Rippling or Papaya International.

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. 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 evaluate to be taught extra.

Gusto

Gusto is a detailed competitor to BambooHR, providing lots of the similar options. It’s identified for its payroll platform but in addition affords 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 evaluate 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 workforce to get a extra complete pricing quote.

Learn our full Rippling evaluate to be taught extra.

Papaya International

In case you run worldwide operations with strict international compliance and payroll calls for, it’s best to look into Papaya International. The platform is a worldwide payroll and workforce administration resolution that helps firms rent and pay staff throughout 160 nations. Papaya International 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, comparable to worker self-service and HR reporting. Payroll-only plans begin at $15 per 30 days per worker.

Learn our full Papaya International evaluate to be taught extra.

Assessment methodology

To jot down our evaluate 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 of components comparable to pricing, buyer assist and consumer interface design. We additionally thought of options comparable to HR reporting, hiring and onboarding instruments, efficiency administration, worker expertise, payroll and advantages administration.

FAQs

Does BambooHR embrace payroll?

BambooHR’s foremost pricing plans don’t embrace 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, 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 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. Nonetheless, the ADP market does provide an integration with Bamboo created by Flexspring that’s obtainable for buy.