5/10/2023 0 Comments Namely hrisSMB solutions tend to have limited rules engines and custom workflow tools, which can limit how scalable they can be. A solution like Namely usually takes 6-8 weeks to implement and requires a bit of configuration work from the administrator. Additionally, they are typically built with integrations in mind and have open APIs. SMB solutions are typically more user-friendly and more modernly designed than other vendors. SMB solutions are designed to cover some, but not all HR needs with some gaps to be filled in by 3rd party solutions. Namely is considered an SMB HRIS, which means the system works best for companies with between 50 and 350 employees. Learn More: Request a vendor report comparing Namely and their competitors What Sized Companies Fit Namely Best? You get a lot for a system originally designed to serve the SMB market, plus with their open API model, Namely easily integrates with other Saas software you use, like your ATS. Along with the core HR function Namely also does Payroll, Benefits, and Performance Management. Among the offerings it brings to the table include payroll, benefits administration, a robust HRIS, 360 performance reviews, time off tracking, goals, team. ![]() Some of the tools it offers are benefits administration, payroll, robust HRIS, time off monitoring, goals, 360-degree performance reviews, reporting, and. As Namely has settled into their place in the market, they have carved out a niche for mid-sized companies with a high percentage of salaried, highly paid employees who are looking for a modern HR experience. Namely is a core HRIS system for growing and midsize organizations. Namely is a cloud-based, comprehensive solution that combines the functionalities of payroll, benefits, and talent management into a single platform to be used by mid-market companies. Namely was founded in 2012 in New York City and raised over $200M over the next six years to build their employee-friendly HRIS platform. Namely is not quite an all-in-one HRIS system but their platform can offer most of the core functions that an HR team is looking for in an HRIS, while allowing 3rd party solutions to integrate into Namely where they have gaps. Shopping for an HRIS? Work with an HRIS advisor to streamline your shortlisting, evaluations and selection - for free! What Modules Are Included with Namely? These services can cost as much as the software itself, but would allow organizations to keep their HR headcount lean. Namely also offers HR outsourcing services, such as Managed Payroll and Managed Benefits. ![]() This fee is typically ~10-25% of the annual software fees. Depending on the modules included and the size of your company, Namely's software fees can cost between $19 and 26 PEPM.Īdditionally, Namely does charge a nominal implementation fee to clients to get started. Namely charges companies on a quarterly or annual subscription basis.
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