BambooHR, a leading cloud-based human resource platform, has introduced a new Payroll experience to complement its HR and benefits administration solutions. This innovative payroll system significantly streamlines payroll processes, reduces processing time by up to 80 percent, and enhances the overall HRIS and benefits administration platform.
This Payroll experience is accessible through desktop and mobile platforms, providing flexibility and convenience for HR professionals and employees alike. It aims to create an integrated, accurate, and efficient payroll process. It significantly reduces the risk of errors and ensures employees are paid correctly and on time. This not only benefits organizations but also aligns with employee financial stability, given that many Americans live paycheck to paycheck. This is supported by the research by LendingClub, reporting that 6 in 10 Americans live paycheck to paycheck.
Chief of Staff, Rockford Silk Screen Process, Rachael Schau, remarked,
BambooHR and payroll together have saved me almost 20 hours a week, and we've honestly saved 20,000 dollars over a year.
[Source: Cision PR Newswire]
The introduction of the new Payroll experience reflects BambooHR's commitment to simplifying payroll and delivering an exceptional user experience for its customers. Payroll errors can have a significant impact on employees, leading to financial stress and mistrust. BambooHR's streamlined solution addresses these concerns while enhancing the overall efficiency.
The new platform simplifies the intricate payroll process by eliminating double data entry, automating time tracking, and calculating employee compensation, deductions, and taxes accurately. This user-friendly interface allows for easy management of employee records, payment tracking, and report generation and ensures compliance with federal, state, and local regulations. Employees can access pay stubs and make withholding or direct deposit changes through the BambooHR payroll portal or mobile app.
Chief Product Officer at BambooHR, Brian Crofts, stated,
Our goal has always been to make payroll an integrated, always accurate, and even delightful experience for our customers.
[Source: Cision PR Newswire]
He added that their team has worked hard to ease the intricate, outdated process and that they’ve made that quick, clean and easy for HRs. To celebrate the launch, new BambooHR customers can benefit from a 75 percent discount on Payroll implementation costs for January 2024 payroll start dates. This offer further demonstrates BambooHR's commitment to supporting organizations in their HR and payroll needs.
BambooHR is the foremost provider of cloud-based HR software solutions, offering a robust platform that empowers HR professionals in managing, nurturing, and fostering their workforce. The core mission of the company is to liberate individuals to excel in their work by streamlining, centralizing, and interconnecting employee data within a single comprehensive system, thereby facilitating informed decision-making. Its user-friendly and thoughtfully designed suite encompasses payroll, time tracking, benefits administration, performance management, and reporting solutions, catering to the entire spectrum of HR responsibilities.