Finding the right human resources (HR) software for your organization is essential, but staying within your budget bracket can be a challenge. Namely, a diverse HR software solution designed to serve various industries offers flexible pricing plans that can be configured to meet customers’ unique requirements.

Namely pricing contracts are billed monthly and are based on the number of employees. These contracts can also be extended over a period of three years. Additionally, the platform’s customer support offers a free guided tour to users.

Let’s explore how much does Namely cost, features included in each plan, and key factors you must consider before choosing any of its pricing plans.

What Is Namely?

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Namely is a cloud-based HR platform designed for small and medium-sized businesses. It simplifies the multifaceted challenges of HR management while maximizing employee engagement and satisfaction. The software assists with the full employee lifecycle, providing functionalities for onboarding, payroll processing, benefits administration, and compliance support.

Moreover, it helps HR staff to focus on strategic initiatives rather than manual administrative tasks. By providing a unified workplace culture and offering extensive resources, Namely aims to support companies in navigating the evolving HR landscape efficiently.

How Much Does Namely Cost?

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Namely offers custom pricing plans, tailored to suit businesses’ various requirements. The plans it offers are as follows:

  • Namely Now – Facilitates comprehensive payroll management
  • Namely Plus – Offers advanced administrative functionalities
  • Namely Plus People – Helps with compliance regulation and time monitoring
  • Namely Complete – Supports risk and safety management

Namely Now

  • Price: Starts at $9 per employee per month
  • Features: Payroll processing and HR management
  • Best suited for: The plan serves small businesses looking for comprehensive payroll and HR management services
  • What’s not included: It does not offer a free trial and lacks complex HR functionalities, including onboarding, time tracking, benefits administration, etc.

Namely Plus

  • Price: The plan is available at a custom cost
  • Features: It includes all the features in Namely Now plan, plus: onboarding, recruiting, performance management, compliance, benefits administration, and time tracking
  • Best suited for: Namely Plus is best suited for small to medium-sized businesses looking for advanced HR facilities while maintaining compliance regulations and boosting employee engagement
  • What’s not included: While this plan is suitable for organizations looking to execute their operations seamlessly, it lacks features such as benefits service management, worker’s compensation plans, and risk and safety management

Namely Plus People

  • Price: This plan offers tailored pricing
  • Features: Includes everything in Namely Plus plan, plus: payroll and benefits service management
  • Best suited for: The plan caters to organizations of varying sizes. Businesses that seek to focus on strategic initiatives while offloading payroll management and benefits administration to experts benefit greatly from this plan
  • What’s not included: The plan offers comprehensive features but lacks some of the advanced features offered in higher-tier Namely plans. These features include workers’ compensation plans, shared liability compliance, and safety and risk management

Namely Complete

  • Price: Namely Complete offers a custom price
  • Features: Includes everything in Namely Plus People plan, plus: large groups benefits (dental, medical, vision, etc.), workers’ compensation plans, risk and safety management, shared liability compliance
  • Best suited for: Namely Complete is the highest-tier pricing plan offered by Namely HR and caters to the mid-size companies that need an all-in-one HR platform. The plan serves those businesses the best that need to integrate various HR functions while leveraging the managed services tool to streamline operations
  • What’s not included: Although the plan offers extensive features, it lacks advanced customization options and in-depth analytics or real-time dashboards. This negatively impacts its scalability and ability to accommodate a growing workforce

How To Choose A Namely Pricing Plan For Your Business?

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Choosing the right pricing plan for Namely depends on many factors, the most important being your company’s needs and the budget. Namely offers flexible pricing plans, and each plan provides comprehensive features that aim to streamline HR tasks and simplify workforce management.

Having said that, some of the factors that you must consider before choosing a Namely pricing plan are given below:

Your Business Size

Take your workforce size and required HR facilities into consideration. Analyze your organizational goals and the progress at which you are growing. By weighing all these factors, you can make a clear judgement of the Namely plan that suits your needs best.

Required Features

All Namely plans offer different features. Some provide basic HR and payroll functionalities, while others provide thorough assistance for administrative tasks. Depending on the operations you want to streamline, you can choose a plan.

Cost Assessment

Although Namely offers competitive plans, it is still ideal if you evaluate if your chosen plan fits your budget. The functionalities provided by each plan can greatly impact your administrative operations and workforce satisfaction.

Contract Duration

The software offers flexible agreement terms, ranging from month to month or up to 3 years. Analyzing what suits your organizational strategy the best, you can choose a contract term.