BambooHR is an entire human useful resource answer utilized by greater than 23,500 corporations globally. The platform is well-liked amongst small and mid-sized corporations. It differentiates itself from 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 features of the worker lifecycle, from recruitment to onboarding, efficiency experiences, time monitoring and advantages. BambooHR will not be designed for corporations that need to outsource their whole HR departments.
Would you like a totally outsourced HR answer? Try the finest PEO corporations for 2023 to study extra about options to BambooHR. Our high PEO advice is Justworks, a PEO for U.S.-based corporations that compares favorably to BambooHR.
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BambooHR quick info
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. corporations should contact account executives to get a free worth quote. The platform has been very profitable with small and medium corporations, so pricing will be thought-about accessible.
Companies with 20 or fewer staff 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 corporations scaling and hiring new staff.
The answer is accessible below two plans, Necessities and Benefit. The beginning plan gives fundamental HR options, whereas Benefit provides a number of extra superior HR instruments. Moreover, customers can entry elective add-ons equivalent to payroll, advantages administration, efficiency administration and others. BambooHR gives a free trial with restricted options, absolutely useful for 30 days.
BambooHR’s key options
BambooHR options are centralized below 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 will be divided into 4 fundamental 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 enable corporations to trace and report on delicate worker knowledge. On the identical time, its automated expertise leverages over 49 built-in experiences, which can be utilized to achieve insights and make efficiency adjustments all through the group. The central database can be accessible for HR groups and staff via the Bamboo cellular App, rising accessibility and staff’ expertise.
Hiring and onboarding
One of many best strengths of BambooHR is its fashionable options, that are designed to enhance the expertise of candidates and new hires. These enable corporations 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 preserve 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 shifting 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 answer 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 dashing up guide approval processes.
Corporations use these options to streamline the time-consuming course of, manually coming into knowledge and automating taxes.
The platform gives each nationwide and worldwide payroll (via integrations).
The U.S. payroll answer 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 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 aside from its opponents. They’re used to construct fashionable, two-way communication channels between HR and staff, monitor efficiency and supply 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 staff.
- Worker wellbeing: Surveys enable corporations to verify in with their staff and measure happiness, wellness, work-life stability, engagement and work well being.
Execs
- 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.
- Ideally suited for constructing firm tradition.
- Helps companies appeal to and retain expertise.
- Seamless hiring, onboarding and offboarding.
- Glorious visibility and report technology capability.
- Breaks siloes.
- Permits corporations to turn out to be data-driven.
- Cell and net cloud purposes for each the corporate and its staff.
- Clear and straightforward to make use of.
- Can synchronize, monitor and handle worker time, schedules, time without work, working hours and extra.
Cons
- Value not disclosed on the web site.
- World payroll is just accessible via integrations.
- Not fitted to corporations seeking to outsource the whole thing of their HR departments.
- No 24/7 assist.
BambooHR options
Whereas BambooHR is a sturdy HR answer that features payroll and compliance, it will not be one of the best match for your enterprise in some situations. In case you are seeking to outsource your HR division utterly, or when you function internationally and wish to fulfill compliance in several international locations, you could be higher off wanting into BambooHR´s opponents, equivalent 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. In contrast to nearly all of PEOs, Justworks lists its clear pricing upfront: Plans begin at $59 per worker monthly.
Learn our full Justworks overview to study extra.
Gusto
Gusto is understood for being a really budget-friendly PEO answer 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 choice.
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 might combine with over 500 apps. Nonetheless, it might be extra complicated and costly than BambooHR and gives a distinct degree of buyer assist.
Learn our full Rippling overview to study extra.
Papaya World
If you happen to run worldwide operations with strict international compliance and payroll calls for, it is best to look into Papaya World. The platform is a world payroll and workforce administration answer that helps corporations rent and pay staff throughout 140 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 supply superior HR options like BambooHR does, equivalent to worker self-service and HR reporting.
Learn our full Papaya World overview to study extra.
Evaluate methodology
To put in writing our overview and consider BambooHR’s options, we checked out websites that compile combination knowledge primarily based on verified consumer opinions, equivalent 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 via the official websites of every vendor to guage its options, customer support, user-friendliness, worth and scalability.
SEE: Tips on how to Select Payroll Software program
