BambooHR Pricing Plans & Cost Guide (Dec 2022)
Compare Pricing
| ITQlick Score: | 97/100 |
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| ITQlick Rating: |
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| Pricing: | 2.2/10 - low cost |
| Category: | Human Resources -> BambooHR review -> BambooHR pricing |
| Ranking: | Ranked 5 out of 584 Human Resources systems |
| Company: | BambooHR |
| Pricing: | starts at $5.25 per employee/month |
| Typical customers: | SMBs |
| Platforms: | Cloud |
| Links: | BambooHR review, BambooHR alternatives |
Shlomi Lavi / Dec 26, 2022We publish unbiased reviews. Our opinions are our own and are not influenced by payments from advertisers. This content is reader-supported, which means if you leave your details with us we may earn a commission. Learn why ITQlick is free .
Table of Contents
- BambooHR cost in 2023
- Prices and Plans Compared
- Which Plan Is Right for You?
- Additional Costs
- BambooHR Vs. alternatives (pricing)
- Cost of customizations
- Cost of data migration
- Cost of training
- Cost of maintenance
- Frequently Asked Questions (pricing)
- Veredict - Should you buy BambooHR?
- Human Resources software pricing guide
BambooHR pricing: How much does it cost in 2024?
There are two different plans offered by BambooHR: Essential and Advantage.
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Essential plan: priced at $5.25 per employee per month, offers basic yet powerful tools for newly-formed companies. The package includes employee records, email support, standard reporting and analytics, and some employee self-service features, such as time off management.
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Advantage Package: priced at about $8.75 per month and offers added hiring features like offboarding and onboarding. The advantage package includes advanced components, including company branding and audit trial.
We also observed that BambooHR offers a 7-day free trial.
Moreover, both plans can have performance management add-ons with additional costs.
Prices and Plans Compared
When it comes to essential plans, they cover basic tools and can be a good option for companies that are about to start their HR journey.
For instance, the plan allows users to keep track of employee records in a single secure database. You can also get strategic analytics and reporting on the common HR KPIs. However, compared to the advantage plan, the tools are limited, and many features are missing.
Advantage plan offers a wide range of features regarding advanced components, integration and data sharing, and employee experience. Although the advantage plan costs more than the essential, it surely provides amazing tools and support to make your life easy and increase efficiency.
However, one of the competitor's ADP workforce has three plans to offer: essential, enhanced, and premium. Furthermore, the plans also vary in terms of features as they offer different features for workplaces having 1-49 employees and 50+ employees. The features offered by the ADP workforce range from enhanced HR tools to digital record-keeping. Premium and enhanced plans offer further features, such as workforce management and benefits administration.
Another competitor, Ripplings, offers features like payroll, modular HR, IT solutions, etc. However, you may find the pricing not all transparent. On the other hand, the pricing of BambooHR is quite clear.
Which Plan Is Right for You?
If you have a small business with a smaller number of employees, you may consider getting the essential package. Not only will it provide all essential tools to smoothly run HR practices, but it will also be a more cost-effective approach for your organization. From email support to employee records and even analytics, the essential package covers it all.
However, if you are ready to experience how strategic HR can bring a positive change to the business, check out the advantage plan. It takes HR practices to a whole new level by providing a wide range of features. Since the package offers more value, it will also be heavier on the pocket, so decide accordingly. All features offered in advantage packages are there to make your HR operations easy, efficient, and exciting.
Although other competitors like Paylocity and Bambee offer several useful features, they don't offer free trials. On the other hand, you can get a free trial with BambooHR.
Additional Costs
When it comes to the plans, BambooHR does not require any additional cost. However, there are further add-ons offering value-added features for both plans. In the add-ons, the features include performance management, payroll, and time tracking. If you find them interesting and significant for the performance of your business's HR, then you can surely go for it but remember that you'd have to pay the additional cost.
BambooHR vs. competitors (pricing)
|
Software |
Pricing |
Free Trial |
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BambooHR |
$5.25-$8.75 per month |
7 days |
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ADP Workforce Now |
$19-26 per month, per user |
No free trial |
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Rippling |
$8 per month per user |
No free trial |
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Workday |
$99 per month, per user |
30 days |
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Bambee |
$99 per month, for 1-4 users |
No free trial |
|
Paylocity |
$18-25 per month, per user |
No free trial |
Cost of software customizations
Customizing the software to meet the specific needs of the organization can be a costly process, especially if the customization requires significant development or integration work. The average cost of customization can range from a few thousand dollars to several hundred thousand dollars, depending on the complexity of the customization work.
Data migration cost Relevant for BambooHR
Migrating data from old systems to the new software can be a time-consuming and costly process, especially if the data is large or complex. The average cost of data migration can range from a few thousand dollars to several hundred thousand dollars, depending on the size and complexity of the data.
Cost of training
How many groups (different departments, usages, type of users) are needed for BambooHR training? Training employees to use the new software can be a significant cost, especially if the software is complex or requires specialized knowledge. The average cost of training can range from a few hundred dollars to several thousand dollars per employee, depending on the complexity of the software and the duration of the training.
Cost of maintenance
Ongoing maintenance and support for the software can be a significant cost, especially if the software requires frequent updates or has a high rate of bugs or issues. The average cost of maintenance can range from a few hundred dollars to several thousand dollars per year, depending on the complexity of the software and the level of support required.
Frequently Asked Questions (FAQs)
Our Veredict
If you own a small business and are searching for HR software for a streamlined user experience, then you can consider getting BambooHR. The overall performance of this administrative software has been tried and tested by numerous companies. Furthermore, it can be a reasonable solution as its prices are pretty affordable. Additionally, BambooHR also offers a 7-day trial compared to most of its competitors.
Another noteworthy thing about BambooHR is that its interface is simple and user-friendly, which can be useful for both management and employees. Furthermore, it is packed with significant administration resources for the company and not only for HR.
For new recruits, BambooHR offers full new hire onboarding details alongside electronic signatures for the applications. Time tracking can also become easy with the BambooHR time tracking system, which is accessible on both desktop and mobile apps. All in all, we think that getting effective software like BambooHR can be significant for streamlined administration and HR operations.
Human Resources Software Products Price Range
HRIS comes with different prices, which are usually determined by either number of employees or the number of users. Either way, HR Tools pricing ranges from $5–$15 and $16–$25 per employee per month; for most providers, these prices are also set based on the robustness of the chosen package feature-wise, and they may not include fees for setup or training.
However, HR software that are priced based on the number of users may have slightly higher prices because, unlike ones with per employee prices, they do not require an organization to pay for every employee but, instead, employees that are actively using the tools. For example, Conrep is priced at around $30 per user per month, while HRnest costs around $20 per employee per month. Another instance is HRnest, which costs $1 per employee, provided its paid in bulk for 35 employees each, and 2 feature plugins, which cost $40 and $60 respectively, must be paid for alongside.
In addition, HRIS pricings are adjusted by most vendors, depending on the business size.
- Small Businesses can expect around $5 for a single employee or nothing at all, as some software makes their basic HR features free for small workforces. Some examples are PeopleBookHR, Snappi, and IceHRM. At the same time, premium HR providers like VAIRKKO Suite costs $1 monthly per employee, Optimity pricing is around $5 monthly per user, and Attendee HRM costs $28 per year to manage 28 employees.
- Medium Businesses that need more robust HRIS features can expect to pay between $5–$15 per employee. For instance, ICMIS Recruit costs around $6,000 per year to manage between 51–100 employees, Info:HR charges a one-time fee of $2800, and FingerCheck pricing is priced at $200 monthly for 50 employees.
- Large Businesses can expect to pay less on a per-employee basis because the logic is the more the employee, the lesser the fee. However, the number of features and onboarding costs may cost more. For instance, FingerCheck costs $1,600 monthly for 500 employees and Britix24 $199 per month.
HRIS best of breeds and their price ranges are as follows:
- Applicant Tracking Tools While some applicant tracking apps are priced per job posting, businesses can, however, expect to pay between $19–$28, $28–$49, and $49 upwards per user, per month. For instance, Yahoo Indeed costs around $150 per month, Monster TMS costs $5,000 per year while Manatal pricing is charged at $15 per user per month.
- Performance Appraisal Software Like most applicant tracking solutions, performance appraisal pricing is based on a "per user, per month" basis. So, business enterprises can expect to pay between $1 to $4, $4 to $10, and $10 upwards. Note that the package type is also a determining factor for performance appraisal tool pricing, as some packages have more features than others. The pricing of some performance appraisal appls like Performly Talent starts from $2 monthly per user, Small Improvements from $5 per user per year, and AssessTEAM costs $1 monthly per user.
- Onboarding Software Onboarding Tools are also priced on a "per user, per month" basis. Users can expect to pay between $1 and $12 upwards. However, these prices are mostly for entry-level prices found on vendor website; more robust packages may be slightly higher, depending on the number of users. For example, Boardon costs $50 per month for a bunch of active users, EmployeeConnect $6 monthly per user, and WISP pricing falls around $50 depending on company size.
- 360 Degree Feedback 360 Degree feedback products mostly have per month pricings. In this case, companies can expect to pay between $1 and $149 and above. Again, these prices depend on the number of features the vendor is offering. Examples are Click-360 costs between $7-$55 per report, SurveyLab $29 per month, and Bloomin costs $4 monthly per user.
- Payroll The pricing for payroll products is usually divided into three tiers and priced per user per month. Enterprises can expect to pay between $1 to $5, $5 to $12, and above $12 per user, per month and depending on the tier. For instance, Payroll Mate is priced around $120 per year ($15 per month) and Payment Evolution Payroll costs $22 monthly per user. Alternatively, some payroll products have a one-time payment; examples are Accounting Xpert costs around $1,500 for one user, and Brightpay pricing is around $300.
Auditor - Shlomi Lavi
Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.