BambooHR is an entire human useful resource resolution utilized by greater than 23,500 firms globally. The platform is standard amongst small and mid-sized firms. It differentiates itself from distributors like Gusto, Rippling, Papaya International, 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 studies, time monitoring and advantages. BambooHR isn’t designed for firms that wish to outsource their whole HR departments.
Would you like a totally outsourced HR resolution? Try the finest PEO firms for 2023 to study extra about options to BambooHR. Our high PEO suggestion is Justworks, a PEO for U.S.-based firms that compares favorably to BambooHR.
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BambooHR quick info
Pricing: Accessible 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.
- Cellular app for workers.
- HR and payroll studies 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 could be thought of accessible.
Companies with 20 or fewer workers are charged a month-to-month flat charge, whereas those that make use of 20 or extra individuals can entry the software program at a worth per-employee per thirty days foundation. BambooHR doesn’t require an annual contract and applies reductions for firms scaling and hiring new employees.
The answer is obtainable underneath two plans, Necessities and Benefit. The beginning plan presents primary 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 methods, separate sources of information and disconnected workflows. Corporations use the cloud platform to modernize and enhance HR groups’ efficiency.
All BambooHR options could be divided into 4 primary 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 expertise embrace knowledge safety and privateness, visibility and automatic reporting.
The options permit firms to trace and report on delicate worker knowledge. On the identical time, its automated expertise leverages over 49 built-in studies, which can be utilized to realize insights and make efficiency adjustments all through the group. The central database can be obtainable for HR groups and workers by the Bamboo cellular App, growing accessibility and employees’ expertise.
Hiring and onboarding
One of many biggest strengths of BambooHR is its fashionable options, that are designed to enhance the expertise of candidates and new hires. These permit 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. Computerized notifications maintain candidates and HR groups knowledgeable and up to date, whereas added permissions permit others within the firm to overview new candidates. The complete system is automated to maintain the method transferring ahead, with digital paperwork offering speedy 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 cope with 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 providers. With these options, groups can visualize worker payroll and advantages in a single dashboard. Moreover, they’ll handle time-off and time-track employees whereas stopping double-entry and errors, in addition to dashing up handbook approval processes.
Corporations use these options to streamline the time-consuming course of, manually getting into knowledge and automating taxes.
The platform presents each nationwide and worldwide payroll (by integrations).
The U.S. payroll resolution offers:
- A simple, three-step course of.
- Federal and state tax submitting.
- Distinctive buyer assist.
- A single supply of information.
Utilizing BambooHR, groups can run studies at any time to extend visibility and make knowledgeable choices. Companies that want world payrolls can use Blue Marble or CloudPay, which combine with BambooHR.
Worker expertise and efficiency
These options are one other ingredient that units BambooHR aside from its rivals. They’re used to construct fashionable, 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 employees´ targets and efficiency, setting milestones and doing assessments to assist workers.
- Worker wellbeing: Surveys permit firms to examine in with their employees and measure happiness, wellness, work-life steadiness, engagement and work well being.
Professionals
- Platform absolutely devoted to offering all fashionable HR instruments an organization wants for its HR division.
- Can run nationwide and worldwide payrolls.
- Manages tax and compliance.
- Ultimate for constructing firm tradition.
- Helps companies appeal to and retain expertise.
- Seamless hiring, onboarding and offboarding.
- Wonderful visibility and report technology capability.
- Breaks siloes.
- Permits firms to develop into data-driven.
- Cellular and net cloud functions for each the corporate and its employees.
- Clear and straightforward to make use of.
- Can synchronize, observe and handle worker time, schedules, time without work, working hours and extra.
Cons
- Value not disclosed on the web site.
- International payroll is just obtainable by integrations.
- Not fitted to firms trying 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 one of the best match for your enterprise in some situations. If you’re trying to outsource your HR division utterly, or should you function internationally and wish to satisfy compliance in several international locations, you is perhaps higher off trying into BambooHR´s rivals, corresponding 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 totally 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. In contrast to nearly all of PEOs, Justworks lists its clear pricing upfront: Plans begin at $59 per worker per thirty days.
Learn our full Justworks overview to study extra.
Gusto
Gusto is thought for being a really budget-friendly PEO resolution and contains 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 stable possibility.
Learn our full Gusto overview 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 may combine with over 500 apps. Nonetheless, it could be extra advanced and costly than BambooHR and presents a distinct degree of buyer assist.
Learn our full Rippling overview to study extra.
Papaya International
In case you run worldwide operations with strict world compliance and payroll calls for, you must look into Papaya International. The platform is a world payroll and workforce administration resolution that helps firms rent and pay workers throughout 140 international locations. 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, corresponding to worker self-service and HR reporting.
Learn our full Papaya International overview to study extra.
Overview methodology
To put in writing our overview and consider BambooHR’s options, we checked out websites that compile combination knowledge primarily based 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 attainable and scoured by the official websites of every vendor to guage its options, customer support, user-friendliness, worth and scalability.
SEE: How one can Select Payroll Software program
