BambooHR Extends Its Expertise to Payroll Management

Integrating human resources (Hour) software with payroll processing tools helps give your HR team much needed organization and speed. The power to oversee budgetary constraints alongside staffing needs, or to discontinue scheduled payments to onetime staffers with 1 click, are simply ii of the many ways in which Hour and payroll tools can work in concert to streamline operations.

To that stop, PCMag Editors' Pick HR tool, BambooHR, has unveiled Bamboo Payroll, an administrator and end-user console that gives everyone at your company admission to payments data, revenue enhancement services, and deduction management, amid many other features. Bamboo Payroll, which can be pre-ordered for online delivery in March, tin can be purchased as a BambooHR add-on for $25 per month plus $4 per employee per month (on top of your existing BambooHR subscription).

"We're making payroll a seamless experience, not just a process," said Ben Peterson, CEO and Co-Founder of BambooHR, in a statement. "That ways no more than double entry, no more manual errors, and more time to focus on the things that really matter: your people."

The Payroll Feel

Within the Payroll console, users volition exist able to view paystubs as full-color graphs that emphasize things like taxes, deductions, and pay. As I previously mentioned, employees are able to log into the self-service portal to adapt their deduction and directly deposit preferences without having to contact Hour; the interface for payment settings is the same every bit the BambooHR interface, then companies won't accept to retrain staffers to take advantage of the payroll features.

Bamboo Payroll machine-generates end-of-year W2s for employees and 1099s for independent contractors, and automatically enters the documents in the employee's self-service portal in BambooHR. Companies that are interested in extending the console to scheduling and shift planning software volition be happy to hear that Bamboo Payroll integrates with tertiary party solutions like Ximble.

The BambooHR Experience

BambooHR starts at $7 per employee per month for a bundle that includes an applicant tracking system (ATS) and performance management. Information technology is immediately unclear how much Bamboo Payroll will cost as an improver or as a stand-alone tool.

Although BambooHR (which leads its class in our human resource management roundup) covers nearly every aspect of your company'southward HR needs, i of the major strikes we had confronting information technology was its lack of prepackaged payroll and scheduling tools. Bamboo Payroll presumably addresses this void.

Every bit an HR tool, BambooHR'southward benefits administration allows companies to track custom benefit packages, including 12 dissimilar benefit types for specific employee groups. BambooHR includes the pick to prepare a variable rate health plan, which allows you to track age-based plans and any health benefit where each individual employee pays a dissimilar, varied corporeality. Finally, added benefits reports allow tracking of historical benefit information for apply when filling out Affordable Care Act (ACA)-compliant forms, such as the 1095-C and 1094-C. Benefits reports in BambooHR provide benefit history including eligibility, enrollment, coverage, and cost; all forms are exportable.

The tool's performance management features offer quadrant-style matrices that plot out how employees are doing compared to colleagues, separating the "rock star" performers from those who are "checked out." The unabridged process is simpler to gear up up and execute than comparable review processes from competitor systems.

BambooHR features 27 prepackaged integrations including Google Drive, merely the partnerships are a lot less sexy than some of its competitors in the space, which is why it's adept to meet Bamboo edifice out its own connecting tools. Bamboo could notwithstanding benefit from integrations found in other HR tools, such as necktie-ins with Office 365, Salesforce, or ride-sharing apps like Lyft. Yeah, BambooHR does feature an open application programming interface (API), which means you can integrate the tool with other open up API tools, but that requires your teams to take the technical acumen to make this happen. We'd prefer to see Bamboo build these connections right out of the box for its clients. Bamboo Payroll is an fantabulous offset pace.