How Much Does BambooHR Cost?
BambooHR charges companies on an monthly or quarterly subscription basis. BambooHR is often a good value for companies. For most businesses, BambooHR costs between $6 and 12 PEPM.
In addition to the software fees, implementing BambooHR will require a one-time implementation fee. BambooHR will charge ~5-15% of the annual software fees for their implementation fees (i.e., $2.5-7K implementation fee on a $50K annual purchase)
What Modules Are Included with BambooHR?
- HR / Employee Files
- Time & Attendance (limited)
- Recruiting / ATS
BambooHR can serve as system of record for most businesses providing easy-to-use leave management, onboarding and employee self-service tools. The system is not highly robust in any one area, especially Core HR, where they use Trax for their payroll, don't offer a benefits admin module and their timekeeping can be limited for more complex businesses.
Who is BambooHR?
BambooHR was founded in 2008 has steadily grown into a well-respected leader in the SMB and Mid-Market segments. BambooHR provides a modern, cloud-native HRIS solution that offers a wide spectrum of functionality - performance, recruiting, onboarding - at a competitive price point. While Bamboo owns a payroll company, called Trax, many customers will use their own payroll / ben admin tools and use Bamboo for more employee-facing activities. Bamboo is also open to integrating with a variety of 3rd party HR tools
What Sized Companies Fit BambooHR Best?
BambooHR is considered an SMB HRIS, which means the system works best for companies with less than 300 employees. SMB solutions are designed to cover some, but not all HR needs with some gaps to be filled in by 3rd party solutions. SMB solutions are typically more user-friendly and more modernly designed than other vendors. Additionally, they are typically built with integrations in mind and have open APIs.
SMB solutions typically take about 6-12 weeks to implement and often do not require a great deal of work from an administrator to get started, due to the fact that most of the system is not configurable. SMB solutions tend to have limited rules engines and custom workflow tools, which can limit how scalable they can be.