BambooHR Cost
How much does it cost to purchase and implement BambooHR?What is the break-down cost of licenses, maintenance and support, installation, customization, data migration and training?
Software price
BambooHR offers three pricing plans: Essentials, Advantage, and Premier. The Essentials plan starts at $6.19 per user per month, the Advantage plan is $8.25 per user per month, and the Premier plan is $12.50 per user per month.
Plans compared
The Essentials plan includes basic HR features such as employee records, time-off tracking, and reporting. The Advantage plan adds benefits tracking, applicant tracking, and electronic signatures. The Premier plan includes advanced features like advanced reporting, audit logs, and custom work shifts.
Plans fit
The Essentials plan is best for small businesses with basic HR needs. The Advantage plan is suitable for growing companies that require more advanced HR functionalities. The Premier plan is ideal for larger enterprises with complex HR requirements.
Other cost
Implementation costs for BambooHR can range from $1,000 to $5,000, depending on the business size and complexity. Customization costs vary but can average around $2,000 for small businesses and up to $10,000 for larger enterprises. Training costs can range from $500 to $2,000 per business size/type.
One time fees
BambooHR does not require any specific hardware or servers. There are no significant one-time fees associated with the software.
Alternatives compared
Compared to its alternatives like Namely, Gusto, Zenefits, and Workday, BambooHR is competitively priced, especially for small to medium-sized businesses. While some competitors may offer more features, BambooHR provides a good balance of functionality and affordability.
Verdict
BambooHR offers a cost-effective solution for businesses of all sizes, with pricing plans that cater to different needs and budgets. Its pricing is competitive compared to other HR software in the market, earning it a pricing grade of 85 out of 100.
