What Is BambooHR Payroll?
Overview
BambooHR Payroll is a cloud-based human resources information system (HRIS) that offers comprehensive solutions for small- and medium-sized businesses. The software allows you to track hours worked, manage benefits enrollment, and run payroll, all from a single platform. This eliminates the need for data double entry and manual approval processes, ensuring easy and accurate payroll for you and your employees. BambooHR is a top choice in the industry, offering automated workflow approvals, offboarding, performance management, and tools to enhance employee satisfaction.
What Is BambooHR Payroll Best For?
One of the most popular BambooHR features is its ‘Hiring and Onboarding’ capability. It uses a powerful Applicant Tracking System (ATS) to streamline the recruitment process, helping businesses quickly find and hire top talent. Once a candidate is hired, its proactive onboarding tasks ensure a smooth transition for new hires, providing a compelling experience from day one. This unique combination of BambooHR onboarding and hiring automation features sets BambooHR apart, optimizing HR processes and enhancing the overall employee experience.
BambooHR Payroll Pricing
The software offers a flexible pricing structure tailored to your business's size, needs, and budget. The following are the details of the BambooHR pricing plans:
- Core – Custom Pricing
- Pro – Custom Pricing
BambooHR Payroll Integrations
The software integrates with various tools operating in different categories, such as ATS, Benefits Administration, ERP & Accounting, Communication, and more. These third-party tools include:
How Does BambooHR Payroll Work?
Here’s how to begin using BambooHR Payroll software after the implementation process is complete:
- Log in to your BambooHR account using your username and password
- Click on the 'Payroll' menu option from the left sidebar
- Select the pay period you want to process payroll for by clicking on the period from the calendar shown
- Review employee earnings like salary, wages, and commissions for the pay period and make any updates
- Review employee deductions like taxes, benefits, and garnishments and ensure they are up to date
- Configure payroll payment details like payment date, payment method (direct deposit or check), and bank or financial details
- Review the payroll register showing paychecks for all employees with earnings and deductions
- Run payroll tax calculations by clicking on the 'Calculate Taxes' button
- Review payroll reports like payroll summaries and paychecks to ensure accuracy
- Submit payroll for payment processing by clicking on the 'Submit for Payment' button
You can also request a
free BambooHR demo to familiarize yourself with its various features.
Who Is BambooHR Payroll For?
The platform caters to the needs of businesses working in various industries and sectors, including:
- Technology
- Construction
- Healthcare
- Finance
- Non-profit organization
Is BambooHR Payroll Right For You?
Are you spending far too much time on manual payroll processing every time? As your business grows, does managing complex payroll system across multiple locations seem like an impossible task? If that is the case, BambooHR Payroll offers the ideal solution. The software handles all your payroll needs from one integrated system seamlessly.
The top companies that trust BambooHR's security and scalability include ZipRecruiter, SoundCloud, and Jacksonville Jaguars. Moreover, all sensitive financial and employee data is securely hosted with bank-grade encryption, annual third-party audits, frequent vulnerability scans, and penetration testing. Zero-trust security architecture locks down data at every level.
If you are still unsure whether BambooHR Payroll is the ideal platform for your requirements, we are here to assist you. Contact us at (661) 384-7070, and we will help you make a well-informed decision.
