BambooHR is an effective HR management software that makes it worthwhile to move from spreadsheets. You can use the system to track time off, training, and benefits, create your users groups, customize the fields, tabs, and tables, and integrate with other services like payroll and applicant tracking.
BambooHR turns applicant tracking into an optional system and offers you integration with more than 20 HR platforms and business apps. The open API can be used to improve the important capabilities of this solution such as benefits administration, expense tracking, and reporting. Prospective customers can contact the vendor for their custom quote as the company tailors each package for the specific needs of the client. You can also make use of the free trial to try out the features and to gauge if the software suits your company’s requirements.
Benefits of BambooHR
Benefits management and performance administration
BambooHR offers useful features for benefits management and performance administration. Administrative control can be done via the Employees tab and its organizational chart that can be easily customized. The administrator can assign tasks in the chart and employees get immediate notifications and can start their work. Time-off benefits and balances are added in the same way and employees can have a constant overview on them.
How does BambooHR manage performance? The system doesn’t evaluate performance on a 6-month or annual basis. It compares individual actions to common goals every day. There is a quadrant-style matrix plot that uses this info to compare employees to each other, and identify the top performers. This helps to reward talented performers and improve the work of new hires, and also to detect trends that can boost the company’s profitability.
You can use Bamboo HR to administer benefits: The centralized database hosts the benefits for each employee, and enables the manager to easily track them. Totally, there are 12 benefit types applicable to all groups of employees, and employees can change them with every update in their status (marriage, health insurance and more). Another benefit is BambooHR offers a modifiable rate health plan that enables a company to easily track even age-based plans, and automatically calculate the variable amounts its employees have to pay. For this task, companies can also use third-party apps that are integrated with the software.
The icing on the cake is the strong reporting capabilities. You can easily generate the standard Equal Employment Opportunity reports as well as benefits reports. The reports are based on files hosted and categorized in the virtual database, and they automatically summarize and consider all applicable taxes. Similar to all important operations in BambooHR, reporting can be performed using a mobile device.
Overview of Bamboor HR Features
- Smart Reminders
- Report Generation
- Performance Management
- HRMS Software
- HRIS Software
- Employee Onboarding
- Easy to Use System
- Controlled Access
- Centralized Employee Database
- Applicant Tracking System
- Accurate Reporting
Pricing of BambooHR
The vendor offers a custom quote for your company’s needs and you can simply pay a monthly subscription based on how many employees you have, plus a one-time implementation fee. Details of BambooHR pricing are also available here. There’s no extra charge for inactive employees, support, enhanced features, multiple administrators, or customization.