Overview of BambooHR
BambooHR is a comprehensive Human Resources Information System (HRIS) designed to streamline and simplify HR processes for small to medium-sized businesses, as well as larger enterprises. Here’s a detailed look at what BambooHR does and its key features:
Core Functionality
BambooHR serves as a single, unified platform that integrates all aspects of HR management, including employee information, payroll, time tracking, benefits, and performance management. This integration eliminates the need for multiple, siloed systems, reducing data double entry and manual approval processes.
Key Features
Core HR
- Organization Management: Manage your company’s organizational structure and employee data in one place.
- Time, Attendance, and PTO: Track hours worked, manage time off, and handle paid time off (PTO) and leave requests efficiently.
Payroll, Time, & Benefits
- Payroll Management: BambooHR offers an add-on payroll solution that automates data flow, reduces the risk of double entry, and provides comprehensive payroll reporting and full-service tax filing.
- Benefits Administration: Manage benefits enrollment and other related tasks from the same platform.
- Time & Attendance Tracking: Employees can track their hours worked through integrations with time tracking products or built-in time tracking features.
Hiring & Onboarding
- Applicant Tracking System: Streamline the hiring process with a powerful applicant tracking system.
- Automated Onboarding Workflows: Create a compelling candidate experience with proactive onboarding tasks and notifications.
Performance Management
- 360-Degree Feedback: Includes self-assessments, manager-to-employee, skip-level, and peer feedback to provide a comprehensive view of employee performance.
- Customizable Performance Reviews: Create and customize multiple performance review cycles with specific questions and scheduling tailored to different teams within your organization.
- Goal Tracking: Track individual and team-level goals, with automated reminders and notifications to keep the team informed.
HR Data & Reporting
- Automated Data Management: Gain valuable insights through instant, pre-built reports and in-depth analytics.
- Dashboards: Utilize centralized dashboards for easy interaction and real-time data access.
Security and Compliance
- Multi-Level Data Security: Features include defense in depth multi-level data security, frequent vulnerability scans, web application firewall, annual third-party SOC II security audit, and annual penetration tests.
- Native Multi-Factor Authentication: Available to all BambooHR customers to ensure secure access.
Customization and Integration
- User, Role, and Access Management: Grant access to select data, features, and objects based on user roles and groups.
- Customizable: The platform is customizable to fit your business needs, with over 100 pre-built software integrations available through the Integration Marketplace.
Additional Benefits
- Mobility: The platform is accessible from mobile devices, allowing users to manage HR tasks on the go.
- Cost-Effective: BambooHR offers adjustable pricing based on the number of active employees, with no locked-in contracts. Customers have reported significant savings in HR costs and time.
In summary, BambooHR is a robust HR platform that centralizes all HR functions, automates routine tasks, and provides real-time insights to help organizations streamline their HR processes, enhance employee engagement, and improve overall performance.