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BambooHR helps small and medium businesses manage their human resources needs. The software lets HR managers oversee all parts of an employee's time at a company - from hiring to onboarding to payroll, benefits, and offboarding when they leave. It is user-friendly, has templates, and organizes information.

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BambooHR stores many onboarding tools to manage employee information, making it confusing when logging in. But when you click on the main menu options at the top, it walks you through steps or shows information understandably. You'll find many vital functions under the "Settings" menu.

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How Much Does BambooHR Cost?

BambooHR’s pricing typically wide ranges from $15,000 to $120,000 per year, depending on the size of your business, the number of employees, and the specific additional features required. Smaller businesses with basic HR needs can expect to pay on the lower end of this spectrum. At the same time, larger enterprises with more advanced requirements, such as performance management, applicant tracking systems (ATS), and in-depth reporting, will be closer to the higher end. BambooHR offers customizable plans to fit the unique needs of different larger organizations.

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Plans offered by BambooHR:

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How to Get a Better Deal on BambooHR

Here are some tips which will help you to get the best deal on BambooHR:

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Negotiate a Discount

Many companies will give you a discount if you ask. BambooHR offers discounts for nonprofits and healthcare groups. You may be able to negotiate a lower price if you order services for more than one year.

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Start with the Essentials Plan

The Essentials plan has basic features and costs less employee per month than other plans. You can upgrade later if you need more features.

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Pay Annually

You will pay less overall if you pay one lump sum for the whole year instead of month basis payments. Annual plans cost about 20% less.

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Add-On Only What You Need

BambooHR sells extra add-on features. But you should only buy what you will use. Don't pay for something you won't need because it comes bundled together.

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BambooHR Core Features

Below are the core features of BambooHR that make it different from others:

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Employee Database

Centralized storage of employee data, making it easy to access and manage essential information like personal details, job history, and more.

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Applicant Tracking System (ATS)

This system streamlines recruitment processes with customizable workflows, helping businesses manage job postings, track candidates, and facilitate smooth hiring.

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Time Tracking

Simplifies attendance management with time-off tracking, including vacation, sick days, and leave requests.

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Performance Management

BambooHR offers tools for conducting performance reviews, goal tracking, and employee feedback to improve workforce performance.

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Employee Self-Service

This feature enables employees to access and update personal information, submit time-off requests, and view company documents directly.

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Payroll Integration

BambooHR integrates with payroll systems to facilitate seamless payroll processing, reducing administrative tasks.

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Reporting & Analytics

Provides customizable reports on HR metrics like turnover, time-to-hire, and employee performance, helping businesses make data-driven decisions.

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Onboarding

Streamlines the new hire onboarding process with customizable checklists, e-signature support, and task assignments, ensuring smooth transitions for new employees.

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BambooHR Alternatives

If the cost of BambooHR doesn't align with your budget, here are some alternative sourcing tools to consider:

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Gusto

Designed initially as payroll software solution, Gusto evolved into a feature-rich HRMS similar to BambooHR. Nonetheless, Gusto surpasses BambooHR in this area and is even among our top payroll platforms because of its origins in payroll processing.

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Peoplelogic

Peoplelogic is a software program that utilizes people and performance management tools and technologies to help expanding businesses develop a high-performing culture. It makes it easier to set up review cycles, get feedback, and guide teams toward success.

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Peoplelogic provides free onboarding, training, and data migration as well as a comprehensive feature set. A dedicated customer success manager is also assigned to assist user experience during their journey.

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isolved

Leading provider of technology for human capital management, HCM unifies the essential workforce operations on a single, reliable platform that is simple to use—isolved. With Mojo, isolved now makes it simple for groups to form bonds and unleash creativity. All mission-critical operations, including payroll, HR, time & attendance, and benefits, are managed by the HCM platform and provided through a single application. 

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Mojo's built-in tools and features include 360-degree reviews, polls, goals, and praise/share idea feeds, as well as improved engagement, collaboration, and performance.

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Zoho People

Zoho People is an all-in-one HR solution with modules that support each stage of the employee life cycle, just like BamhooHR. Customers also commend Zoho for its intuitive user-friendly interface, which makes it simple to move between various HR procedures.

BambooHR struggles in this area, whereas Zoho excels in the training and career development section. Employees can choose from various learning alternatives with Zoho People, including blended learning tools that support self-paced, live virtual, or traditional classroom instruction.

How Spendflo Can Help You Get Better Deals on BamhooHR

Spendflo specializes in helping companies optimize their software procurement, and we can secure better deals on BambooHR through several strategies:

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• Leverage Buying Power: Spendflo negotiates with BambooHR’s sales team on your      behalf, using our bulk purchasing expertise to secure significant discounts.
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• Tailored Recommendations: We assess your specific HR needs and ensure you're       paying for the right BambooHR plan, saving on unnecessary features.
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• Procurement Automation: Spendflo tracks BambooHR usage and renewals, ensuring      optimal cost management.
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• Full Procurement Support: We manage the entire process, from negotiation to      renewals, simplifying vendor management.

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Get a custom quote and start saving on BambooHR with Spendflo today!

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Frequently Asked Questions on BambooHR

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How much does BambooHR cost annually?

BambooHR cost model typically ranges from $15,000 to $120,000 annually, depending on business size, features, and employee count.

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How does BambooHR's annual billing work?

BambooHR offers monthly and annual billing, with annual plans providing a significant discount.

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Is BambooHR suitable for small businesses?

BambooHR's pricing details and features are scalable, making it suitable for small businesses and larger enterprises.

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Does BambooHR charge per employee?

Yes, BambooHR’s pricing is typically based on the number of employees being managed.

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Can I switch between BambooHR plans?

Businesses can upgrade or downgrade plans based on their changing HR needs.

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