Hiring And Onboarding
Gusto supports various integrations for applicant tracking tools, such as ApplicantPro, BreezyHR , and Ashby. These integrations help businesses sync their Gusto accounts with leading hiring platforms, allowing them to simplify their workflows.
Additionally, it allows employers to create detailed job posts, post them publicly, and send personalized offer letters to selected candidates. Employers also get access to customizable onboarding checklists. These checklists can be used to get the necessary information, assign tasks, and include a ‘Must have’ section.
BambooHR comes with a built-in applicant tracking tool that helps companies attract top talent. It offers multiple New Hire Packet Templates to provide new hires with a personalized onboarding experience based on their job role, department, and location.
It also lets employees craft intros that help them blend in with their new team and develop a connection. The system has alerts and built-in messaging tools, allowing stakeholders to communicate updates and changing requirements. Furthermore, Gusto enables employees to effortlessly sign documents with its e-signature option, making it a breeze for new hires.
Winner: BambooHR is the winner as it offers its own applicant tracking tool.
Payroll
Gusto automatically calculates and files local, state, and federal taxes on the company’s behalf, leaving HR with one less thing to worry about.
It also offers global payroll capabilities, allowing businesses to pay their contractors in more than 120 countries. With this feature, companies can be more flexible and hire better resources. With its payroll summary dashboard, managers can review important details, such as tax breakdowns, compensation types, overtime, paid time offs (PTOs), and company costs.
BambooHR offers multi-rate payroll capabilities, allowing companies to fairly compensate employees with multiple jobs. Administrators can create different projects with different pay rates to ensure accurate time tracking and wage calculation.
Its automated tax filing and payroll reports eliminate the need for manual entries and prevent instances of non-compliance. Customers also get assistance from an implementation specialist who guides organizations through every step of software implementation and ensures a smooth transition and setup.
Winner: Gusto wins because of its comprehensive tax filing and global payroll capabilities, allowing businesses to hire worldwide.
Benefits Administration
Gusto offers a range of benefits solutions, including but not limited to health insurance, dental insurance, vision insurance, and 401(k) retirement assistance.
It syncs employee’s benefits data with payroll to allow seamless data transfer. This automation reduces the number of manual and repetitive tasks and minimizes errors in payroll. The broker integration enables your current broker to shift to Gusto’s platform. Users can also move their health plans, allowing businesses to manage all their benefits under one roof.
BambooHR offers auto carrier connections, allowing employees to connect with carrier providers directly and have all the data flow automatically. This process eliminates the need for manually transferring and updating data on multiple platforms.
Its Benefits Election Changes report provides a detailed view of all the changes made to an employee’s benefits enrollment plans. It shows plan names, types of changes made, qualifying life events, and effective dates, enabling managers to have a clear picture of each employee’s benefit preferences. The platform also unifies benefits with payroll, which ensures accurate calculations and prevents mistakes..
Winner: BambooHR wins since it offers carrier integrations and detailed benefits reports.
Reporting
Gusto provides managers and administrators with the tools to create clear and presentable reports quickly, allowing them to save time and shift their focus to other areas.
The system helps businesses identify and take advantage of any business tax credit opportunity. It ensures that organizations leverage these credits and lower their overall operating cost. Managers can send anonymous surveys to get employee feedback and make changes accordingly. It also comes with tools to analyze survey trends to help gauge the impact of the changes that have been made.
BambooHR’s reporting analytics are integrated into almost all other features, such as payroll, benefits, and hiring. This allows managers of every department to create relevant, insightful, and data-backed reports on the go.
Not only that, but the platform also offers customized dashboards that enable people in different hierarchies to see only the needed data from a unified report. This means that the same reports can be tailored for employees, managers, executives, and other company stakeholders. These reports also come with e-signature capabilities, making it easy to track who hasn't signed the report yet and speed up the approval process.
Winner: It’s a tie as both software offers comprehensive tools that simplify the reporting process.
Performance Management
Gusto focuses on building a healthy culture that helps develop your workforce and retain the best talent. It allows employees to run self-evaluations, helping them identify areas they are lacking and measure the progress they have made over time.
Manager reviews are helpful as they allow managers to evaluate each employee’s performance and provide guidance on areas for improvement to meet future requirements. It also offers extensive integrations with external performance management tools, such as Empuls, GoalSpan, and Breezy Perform.
BambooHR’s performance appraisal tools are designed to provide a comprehensive assessment. It offers detailed self-evaluations and manager evaluations, allowing accurate and helpful feedback.
Its peer-review feature allows co-workers to give valuable insights as to how it feels working with a fellow employee, what they do best, and what things they could work on. For new hires, BambooHR offers 30-day, 60-day, and 90-day check-ins, allowing HR to keep in contact with new employees and address issues promptly. The assessments are highly customizable to suit different departments in an organization, like sales, operations, and marketing. This helps create personalized questions to get valuable feedback.
Winner: BambooHR wins as it offers more comprehensive features, such as peer reviews, check-ins for new hires, and custom assessments.
