Best Time Sheeting Solutions Jan 2021
It seems like a crowded space, but we like 4 of the main workforce management solutions in market and call out their strengths and weaknesses below.
Forget excel spreadsheets, the disruptors are all in one HR solutions; websites where you can easily collect & verify timesheets, calculate wages, process payroll with one click and see who’s on the tools (or most importantly off the tools). The software either does it all for you, or integrates with third party HR applications and allow labor demand forecasting, scheduling, reporting on and attendance tracking.
But they are very different in their approach and pricing also differs.
The top options are: Deputy (cheapest & great feature set), Zenefits (more expensive, but possibly better for enterprise customers) and Bamboo HR (an interesting mix of features, great interface design, complex pricing) .
Let’s take each in turn:
# 1 Timesheet Management Software
2. Zenefits
Zenefits (7 years old, $583m in venture capiutal funding from Andreesen Horowitz & others)
Zenefits is a SaaS cloud-based human resources platform that helps more than 11,000 small and mid-sized companies empower their workforce, manage change and stay compliant. Zenefits’ People Platform delivers the most comprehensive, intuitive HR experience in the market. Its HR, Benefits, Payroll and Performance apps combine with advisory services and tightly integrated partner apps to radically simplify HR administration – reducing paperwork and complexity so companies can focus on starting, running and growing their businesses.
3. Bamboo HR
At $4.95 per employee per month, Bamboo have a different focus than the players above. They address the HRMS market, which stands for Human Resource Management System. They are pricier than the competition, but their interface feels better and more intuitive to use.
HRMS is used for hiring, training, managing, evaluating and maintaining information of all employees (Human Resource) in an organization. Unlike the other providers, you can upload job listings and distribute via social media, LinkedIn and Twitter.
Bamboo includes performance reviews for employees to track goals and performance on a daily basis.
Our Conclusion
They all have pros and cons. Deputy starts from the cheapest monthly price, Zenefits is a good second choice and Bamboo HR has a great interface.
All of them monetise users and payroll processing, and in that regard you could start at the beginning of the list and work down to see which one suits you best.