To learn about HR and Payroll management for small businesses it’s important to consider the following requirements, compliance, satisfaction, and time. Those things can be automated with the right software, such as payroll services, benefits, or even initial training of the new employees.
There are so many out there, a manager making a choice, is likely to be overwhelmed. Check out the five best HR and Payroll solutions designed especially for small businesses and decide which fits best into your company’s requirements.
1. Gusto
Gusto is an online human capital management platform that aims at small businesses targeting both HR and payroll. It is easy to use to help process payroll, file taxes, and manage employee benefits. Gusto also covers tax management so that tax deadlines are met, and all governing relevant federal, state, and local laws are applied. It also includes direct deposit and links with accounting software such as QuickBooks.
A tool that has set Gusto apart from most competitors is the customizable employee self-service portal where people can view pay stubs, tax documents, and benefits online. Another area Gusto is useful for is providing employee onboarding assistance for new hires; it is also useful to small businesses when it comes to hiring new employees. Pricing is more affordable than most of its competitors, with the primary plans including payroll processing and additional options for human resource management such as time and performance.
2. Rippling
Rippling is a unique HR, and Payroll software aimed at managing employees and their IT resources. Rippling’s features currently include payroll processing, providing benefits for the employees, and managing the onboarding process. It also contains the functionality of international remuneration, making it one of the best choices for brands handling employees across various countries.
Compare Rippling pricing with other platforms to assess which is more budget-friendly for startups. Rippling’s modular pricing allows businesses to pay for only the features they need, ensuring cost efficiency.
However, Rippling is not a self-built application; it connects with more than 500 other third-party apps such as Slack, Suite, and accounting software. Since device provisioning and app access are its key IT management components, only the platform has these features, and small businesses with a strong focus on IT would benefit the most. Rippling offers flexibility and adaptability which means the solution adapts to the company’s needs as it expands, so investors can see Rippling as a long-term solution for any business type.
3. QuickBooks Payroll
QuickBooks Payroll is very easy and efficient for using the payroll service for small business companies. This is especially good news for businesses using QuickBooks for accounting since it is an integrated system that runs efficiently when it comes to handling its money-related responsibilities. It has elements such as managing payment and taxation options the system has features for processing payrolls and taxes and even filing these taxes automatically.
QuickBooks Payroll allows you to sort payroll in one click and there are options for direct deposit or check. It also has compliance features that help the user to update on the payroll laws and the taxes. Additional features of advanced plans are same-day direct deposit and a personal HR advisor for further assistance.
To the organization’s delight, QuickBooks Payroll is very affordable, with the prices varying according to the size of the organization. It is easy to navigate, and thus ideal for start-ups and small businesses that may not have the time or resources to deal with complicated software.
4. Paychex Flex
Paychex Flex is a powerful HR and payroll solution that will effectively serve the needs of small businesses as well as larger enterprises. It has a complete package with compliance, payroll processing, taxes, benefits, and time management.
A feature of this commercially priced software is that it can be used by both small and large companies, which is flexibility. There are stripping-down solutions for small businesses that offer only payroll solutions and then have added-on features as the business expands. It features retirement plan management, an employee wellness program, compliance features, and more. Its mobile app allows business owners and employees to carry out the payroll and the benefits anywhere.
Paychex Flex also includes professional and friendly customer service so that small business owners can easily solve such problems. Although the software is priced a bit higher than some of the similar solutions, the customer gets much more in terms of functionality and customization for the price of making the business’s HR and payroll processes more efficient.
5. BambooHR
BambooHR is among the best HR software that aims to enhance the management of employees for companies that are growing. Although it is an add-on feature, the platform shines in HR processes like employee onboarding, performance management, and tracking time off.
The features of the BambooHR platform enable business owners as well as the HR department to capture employee data, monitor organizational performance, and keep abreast with legal requirements. The friendly solution of the self-service portal enables guardians to maintain schedules, request time off, as well as access any documents that belong to the company.
