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Find BambooHR pricing and features with OutSail: ideal for SMBs, costs $12-22 PEPM, offers comprehensive HR modules with simple, effective integration
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BambooHR charges companies on an monthly or quarterly subscription basis. BambooHR is often a good value for companies. For most businesses, BambooHR costs between $12 and 22 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)
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.
BambooHR acquired a national payroll company, called Trax, and spent years building Trax' payroll engine into their HRIS natively. BambooHR still lets companies bring their own payroll vendor, if they prefer that option. But, with Trax and their new Benefits Administration platform, Bamboo can now offer a full suite of HRIS capabilities
BambooHR is considered an SMB HRIS, which means the system works best for companies with less than 350 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.
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 was slowly 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.
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.
One of the more recent additions to the BambooHR suite is their benefits administration module which allows users to enroll in employee benefits during open enrollment and onboarding. Bamboo supports most health insurance carrier feeds and gives users access to HSAs (health savings accounts), FSAs (flex spending accounts) and commuter benefits.
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.
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.
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.
BambooHR typically charges on a per employee per month (PEPM) basis, ranging from $12 to 22 PEPM, with costs decreasing as company size increases. Additionally, there may be a one-time implementation fee, which is usually around 5-15% of the annual software fees.
BambooHR is considered ideal for small and medium-sized businesses (SMBs) with fewer than 350 employees. It offers modern, cloud-native HRIS solutions at a competitive price point, making it suitable for companies looking for comprehensive HR functionality.
BambooHR's HR management software includes various modules such as Payroll, HR Management/Employee Records, Benefits Administration, Time & Attendance, Onboarding, Recruiting/Applicant Tracking System, Employee Performance Management, and Employee Engagement. These modules cover a wide range of HR processes, from payroll processing to performance tracking and employee engagement.
BambooHR's strengths include its competitive pricing, modern design, comprehensive HR functionality, and user-friendly interface. However, potential weaknesses may include limitations in core HR functionality, such as payroll and benefits management, and the need for third-party solutions to fill gaps in customization and scalability.
OutSail offers free support to accelerate the HRIS selection process, including assistance in identifying software needs, comparing vendors like BambooHR, and navigating the purchasing and implementation process.
