Pricing, Features, Pros 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. But whereas BambooHR provides many benefits, it’s not the appropriate selection for each firm.

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

BambooHR pricing

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

• Core plan: Includes HR information and reporting, hiring, onboarding, break day and advantages monitoring, together with entry to BambooHR’s market of pre-built integrations.
• Pro plan: Includes 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 Pro plans. And you may get a 15% low cost for those who bundle HR, payroll and advantages.

Companies with lower than 25 staff are charged a month-to-month flat charge, and corporations with greater than 25 staff are charged a per-employee, per-month charge. BambooHR additionally doesn’t require an annual contract, so that you received’t be locked in for those who determine to modify later.

As a plus, quantity reductions are robotically utilized as you rent extra staff, and for those who’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 may check out the software program earlier than you commit.

BambooHR’s key options

HR reporting

BambooHR provides 49 built-in stories to select from in an effort to visualize your HR information 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 may create your individual templates and generate buyer stories, 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 information, equivalent 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, accumulate resumes and interview candidates.

Once you’ve recognized somebody you need to rent, you may rapidly generate a proposal 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 each time staff determine to depart your organization.

Time administration

Both the Core and Pro plans include paid break day administration. BambooHR will robotically 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.

However, 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 additional time monitoring to guarantee compliance.

Performance administration

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

For occasion, you may 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 staff and embody hyperlinks to assessments within the reminders.

Employee expertise and rewards

BambooHR consists of the favored eNPS worker expertise survey, which is impressed by Net Promoter Scores. It additionally features a extra open-ended method to suggestions with AI evaluation of the outcomes to ship an instantaneous satisfaction rating. These surveys assist you determine tips on how to enhance worker well-being and satisfaction by utilizing quantitative outcomes and nameless options.

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 entire staff, and you can too determine which authorized folks can see every assertion to guard privateness and delicate information.

Payroll

BambooHR provides an elective payroll add-on in U.S. states solely. Data from time monitoring, break day 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 staff to make sure compliance. The worker self-service portal makes it simple for staff to entry pay stubs and replace their data with out assist from somebody in HR.

Benefits administration

Benefits administration is the opposite elective add-on that’s out there in U.S. states solely. BambooHR comes with computerized service connections inbuilt, 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 evaluation 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.
• Easy-to-navigate interface.
• Implementation workforce helps with arrange.
• Employee self-service talents.
• Built-in applicant monitoring system.
• Many HR stories to select from.

BambooHR cons

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

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

While BambooHR is a strong HR answer that features payroll and compliance, it is probably not the perfect match for your corporation in some cases. If you’re seeking to outsource your HR division fully, or for those who function internationally and want to satisfy compliance in numerous international locations, you may be higher off trying into BambooHR´s rivals, equivalent to Justworks, Gusto, Rippling or Papaya Global.

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. Unlike the vast majority of PEOs, Justworks lists its clear pricing upfront: Plans begin at $59 per worker per 30 days.

Read our full Justworks evaluation to be taught extra.

Gusto

Gusto is a detailed competitor to BambooHR, providing lots of the identical options. It’s recognized for its payroll platform but additionally provides a complete host of HR instruments, equivalent 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.

Read 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 per 30 days — contact the gross sales workforce to get a extra complete pricing quote.

Read our full Rippling evaluation to be taught extra.

Papaya Global

If you run worldwide operations with strict international compliance and payroll calls for, it is best to look into Papaya Global. The platform is a world payroll and workforce administration answer that helps corporations rent and pay staff throughout 160 international locations. Papaya Global is extra versatile and scalable than BambooHR and might deal with a number of currencies and languages. However, it doesn’t supply superior HR options like BambooHR does, equivalent to worker self-service and HR reporting. Payroll-only plans begin at $15 per 30 days per worker.

Read our full Papaya Global evaluation to be taught extra.

Review methodology

To write our evaluation 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 potential. We thought-about components equivalent to pricing, buyer assist and consumer interface design. We additionally thought-about options equivalent to HR reporting, hiring and onboarding instruments, efficiency administration, worker expertise, payroll and advantages administration.

FAQs

Does BambooHR embody payroll?

BambooHR’s primary 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 supply a free trial, nevertheless it doesn’t present a without end free model of the software program. Check out our suggestions for the finest free HR software program to seek out another.

Does BambooHR combine with Quickbooks?

BambooHR doesn’t supply a local pre-built integration for Quickbooks. However, you need to 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. However, the ADP market does supply an integration with Bamboo created by Flexspring that’s out there for buy.