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 (per employee per month). As a company's employee count rises, BambooHR pricing will decrease with volume.
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)
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. Small and Medium Business (SMB) HR software providers 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.
What Modules Are Included with Bamboo's HR management software?
Bamboo's HR management software is a comprehensive solution that helps businesses streamline their human resources processes. In this blog post, we'll take a look at the various modules that are included with Bamboo's software and how they can help your business improve efficiency and employee satisfaction.
Overall, 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 management module and their timekeeping can be limited for more complex businesses.
Bamboo's payroll module was acquired from a national payroll company, Trax Payroll, and is slowly being more and more integrated into Bamboo's HRIS solution. Bamboo's payroll module includes features for calculating and issuing paychecks, tracking taxes and deductions, and is able to import employee timesheets. With Bamboo's payroll module, businesses can ensure that employees are paid accurately and on time, and that all required taxes are withheld and reported.
HR Management / Employee Records
The HR management module is the core of Bamboo's software. It includes features for managing employee records, tracking employee information, and tracking employee performance reports. With Bamboo's HR management module, businesses can ensure that all employee information is up to date and accessible, and that employees are held accountable for their performance management.
Other key features in the HR management module include an employee directory and training tracking that can ensure if certifications or compliance courses are out of date.
Time & Attendance (limited)
The time and attendance module is designed to help businesses track employee hours worked. It includes features for tracking time off requests and training tracking. With Bamboo's time and attendance module, businesses can ensure that employees are paid accurately for the time they work, and that they take the time off they need to stay healthy and productive.
The onboarding module is designed to make it easy for businesses to onboard new employees. It includes features for tracking new employee information and ensuring that new employees are fully trained and ready to work. With Bamboo's onboarding module, businesses can ensure that new employees are productive from their first day on the job.
Recruiting / Applicant tracking system
The recruiting and applicant tracking module is designed to help businesses find and hire the best new employees. It includes features for posting job openings, tracking applicant information, and managing the hiring process. With Bamboo's recruiting and applicant tracking module, businesses can ensure that they are communicating consistently with applicants, running a rigorous hiring process and creating a digital, mobile-friendly applicant & new hire experience.
Employee Performance management
The performance management module is designed to help businesses track and improve employee performance. It includes features for setting goals, tracking progress, and providing feedback. With Bamboo's employee performance management module, businesses can ensure that employees are meeting their goals and that they are motivated to improve their performance.
The employee engagement module is designed to help businesses improve employee satisfaction and engagement. It includes features for tracking employee satisfaction, providing feedback, and measuring employee engagement. With Bamboo's employee engagement module, businesses can ensure that employees are satisfied with their jobs and that they are motivated to do their best work.
Bamboo's HR management software is a comprehensive solution that includes various modules that help businesses manage payroll, employee files, time and attendance, onboarding, recruiting, performance management, and employee engagement. The software also includes employee self-service features, time off requests, and training tracking, which helps businesses increase efficiency, accuracy and employee satisfaction.