Image: BambooHR is a total human resource solution used by more than 23,500 business internationally. The platform is popular among little and mid-sized business. It separates itself from PEO vendors like Gusto, Rippling, Papaya Global, OnPay and others by concentrating on innovative HR features and payroll and compliance.
Established in 2008, the cloud-based software helps HR managers with all elements of the worker lifecycle, from recruitment to onboarding, efficiency reports, time tracking and benefits. BambooHR is not developed for companies that want to outsource their whole HR departments.
SEE: Check out the finest PEO companies for 2023 to get more information about alternatives to BambooHR.
The option has 4.3 stars out of 5 in Gartner Peer Insights and 4.3 stars in Trustpilot. The company can run payrolls in the U.S. and worldwide through integrated partner choices. Besides the leading PEO business mentioned, BambooHR competitors consist of SAP HXM, Workday, UKG, ADP Labor Force Now and others.
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BambooHR quick facts table
Prices: Available upon request.
Key features:
- Advanced HR lifecycle tools: From hire to onboarding to performance.
- Endless payroll runs, consisting of benefits and tax filing.
- Built-in time and presence.
- Mobile app for workers.
- HR and payroll reports to increase visibility and data-driven decision-making.
Rates
BambooHR does not share its rate on its website. Interested business must contact account executives to get a complimentary estimate. The platform has been really successful with small and medium business, so pricing can be considered accessible.
Best company software application
Services with 20 or less workers are charged a monthly flat rate, while those who utilize 20 or more people can access the software at a cost per-employee per month basis. BambooHR does not require a yearly contract and applies discount rates for companies scaling and hiring new workers.
The service is available under 2 strategies, Essentials and Benefit. The beginning strategy uses fundamental HR functions, while Benefit includes a number of more advanced HR tools. Additionally, users can access optional add-ons such as payroll, advantages administration, performance management and others. BambooHR provides a free trial with restricted functions, totally functional for 1 month.
BambooHR’s crucial features
BambooHR features are centralized under a single platform to integrate siloed systems, separate sources of data and disconnected workflows. Business use the cloud platform to modernize and enhance HR teams’ efficiency.
All BambooHR features can be divided into 4 primary classifications: HR information and reporting, employing and onboarding, payroll, time and advantages, staff member experience and performance.
HR data and reporting
Companies utilize these functions to safely and efficiently store all staff member information in one database. The main advantages of this innovation include data security and personal privacy, exposure and automated reporting.
The functions permit companies to track and report on sensitive employee data. At the same time, its automated technology leverages over 49 integrated reports, which can be used to acquire insights and make efficiency changes throughout the company. The central database is likewise readily available for HR groups and staff members through the Bamboo mobile App, increasing availability and employees’ experience.
BambooHR, HR information and reporting control panel. Image: BambooHR Hiring and onboarding One of the greatest strengths of BambooHR is its modern features, which are created to improve the experience of candidates and new hires. These enable business to draw in, work with
effortlessly and retain talent. Features like the candidate tracking system allow businesses to communicate effectively with prospects throughout the hiring and onboarding procedure. Automatic notices keep applicants and HR groups informed and updated, while added authorizations permit others in the company to examine brand-new candidates. The entire system is automated to keep the procedure moving on, with electronic documents supplying fast signatures.
Similarly, the platform manages a modern-day experience for brand-new hires and onboarding and offboarding. Business have actually found these features useful to build hybrid and remote teams and to deal with spikes in recruiting and downsizing.
BambooHR hiring and onboarding control panel. Image: BambooHR Payroll, time and advantages The payroll, time and advantages functions make BambooHR an essential solution that goes beyond strictly HR services. With these features, groups can visualize staff member payroll and benefits in one control panel. In addition, they can manage time-off and time-track employees while avoiding double-entry and errors, as well as accelerating manual approval processes.
Business utilize these features to enhance the lengthy process, by hand going into information and automating taxes.
The platform provides both national and worldwide payroll (through combinations).
The U.S. payroll service provides:
- An easy, three-step process.
- Federal and state tax filing.
- Extraordinary client assistance.
- A single source of data.
Utilizing BambooHR, groups can run reports at any time to increase presence and make notified decisions. Services that require worldwide payrolls can utilize Blue Marble or CloudPay, which incorporate with BambooHR.
BambooHR payroll control panel. Image: Bamboo Employee experience and performance These functions are another component that sets BambooHR apart from its rivals. They are used to develop contemporary, two-way interaction channels in between HR and staff members, track efficiency and offer wellbeing programs.
Features include:
- Employee satisfaction with eNPS: Feedback and belief tools developed into BambooHR to develop communications and take action, while enhancing performance and structure culture and staff member experience. Surveys are utilized to produce ratings with thorough analytics.
- Performance management: Companies can handle their workers ´ objectives and efficiency, setting turning points and doing evaluations to support workers.
- Staff member wellbeing: Surveys enable companies to sign in with their workers and determine joy, wellness, work-life balance, engagement and work health.
BambooHR worker experience and efficiency. Image: BambooHR Pros Platform fully devoted to providing all contemporary HR tools a company requires for its HR department.
Cons
- Price not divulged on the site.
- International payroll is only readily available through integrations.
- Not matched for business seeking to outsource the totality of their HR departments.
- No 24/7 assistance.
BambooHR options
While BambooHR is a robust HR option that consists of payroll and compliance, it may not be the best fit for your business in some circumstances. If you are aiming to outsource your HR department completely, or if you run internationally and require to fulfill compliance in various nations, you might be better off checking out BambooHR ´ s rivals, such as Gusto, Rippling, or Papaya Global.
Gusto is understood for being a really economical PEO solution and includes all the HR features that BambooHR has. While it does not have advanced HR functionalities, its strengths in payroll, tax and benefits, agreed an extremely user-friendly user interface, make it a strong option.
Read our full Gusto evaluation to learn more.
On the other hand, Rippling is an all-in-one platform that integrates payroll, benefits, HR, IT and compliance. The platform is developed to automate and improve the administrative jobs of handling a workforce. Rippling is more detailed than BambooHR and can incorporate with over 500 apps. Nevertheless, it might be more complicated and expensive than BambooHR and provides a various level of client support.
Read our full Rippling review for more information.
Finally, if you run worldwide operations with stringent global compliance and payroll needs, you need to look into Papaya Global. The platform is a worldwide payroll and workforce management solution that helps business employ and pay employees throughout 140 nations. Papaya Global is more versatile and scalable than BambooHR and can handle several currencies and languages. Nevertheless, it does not offer innovative HR functions like BambooHR does, such as worker self-service and HR reporting.
Read our full Papaya Global evaluation for more information.
Evaluation methodology
To write our evaluation and evaluate BambooHR’s functions, we took a look at websites that assemble aggregate information based on validated user reviews, such as Trustpilot, Gartner Magic Quadrant, Gartner Peer Insights and others. We likewise reviewed demonstrations on supplier websites, test-drove the software when possible and scoured through the official sites of each supplier to assess its functions, customer support, user-friendliness, cost and scalability.
