How Much Does HiBob Cost?

HiBob is an all-in-one human resource information system (HRIS) platform that consolidates various functionalities into a single system. Winner of multiple awards, it suits companies of all sizes across various industries and sectors.

However, it is important to know how much does HiBob cost before finalizing this software for your business. HiBob HRIS offers custom pricing plans tailored to meet the specific needs of different companies. Regardless of the pricing package you choose, you get Core HR and Digital Admin functionality.

As per our estimate, HiBob costs approximately $16 to $25/employee/month. However, the actual price may vary depending on the selected modules and other factors.

Furthermore, the software charges an implementation fee that is typically 10%-20% of the annual subscription fee.

What Are The Factors That Can Influence Hibob’s Pricing?

Hibob Features

Several factors can influence the cost of HiBob, making it important for businesses to consider their specific needs before choosing a plan. Here's a closer look at these factors:

Size Of The Company

To begin with, your company's size plays a crucial role in determining the software's cost. HiBob's pricing typically scales with the number of employees. This means larger companies with more users will incur higher costs due to increased usage, data storage, and additional administrative needs.

On the other hand, smaller businesses may benefit from more affordable pricing tiers tailored to their size.

Implementation Complexity

The complexity of implementing HiBob in your organization can also affect the overall cost. For example, a large enterprise switching to HiBob would need to import large volumes of historical employee data, payroll records, and performance metrics. This process can require additional services or custom solutions, increasing the cost.

Similarly, companies with unique human resource (HR) workflows may require advanced configurations or specialized consulting services, which add to the overall expense. In addition, businesses using specialized software for payroll , time tracking, or benefits may need HiBob to integrate with these systems. Developing and testing custom integrations can result in higher implementation fees.

Selected Features 

HiBob’s cost may also vary depending on the features you have selected for your company. This flexibility enables companies to create a customized plan that perfectly aligns with their HR requirements.

Hibob Workflows

These include:

  • Core HR: The backbone of the system, Core HR includes essential features such as employee directories, organizational charts, and compliance tracking, enabling companies to manage their workforce effectively
  • Onboarding: It enables companies to create automated workflows and personalized onboarding plans while providing easy access to store documents, ensuring new hires feel welcomed and informed from day one
  • Time And Attendance: This feature allows companies to seamlessly track employee work hours, schedules, and attendance. It integrates with other tools for accurate payroll processing and compliance reporting
  • Compensation: Using this feature, companies can manage salary reviews, bonuses, and equity plans with transparency
  • Payroll Hub: It is a centralized payroll management solution that integrates with third-party payroll providers, reducing administrative workload and ensuring accurate salary disbursements
  • Hiring: It enhances recruitment efforts with tools for managing job postings, tracking candidates, and collaborating with hiring teams to find the top talent
  • UK Payroll: Tailored specifically for businesses operating in the UK, this module automates payroll processing while ensuring compliance with local tax laws, National Insurance, and pension contributions
  • Learning: It facilitates employee growth with a platform for managing training programs, tracking progress, and encouraging continuous learning and development
  • Time Off: This feature simplifies leave management with customizable policies, automated accruals, and an easy-to-use employee portal for requesting and approving time off
  • Surveys: With this module, companies can gather insights on employee engagement, satisfaction, and feedback through customizable surveys
  • Performance: It streamlines performance reviews with tools for setting goals, providing feedback, and tracking employee progress
  • People Analytics: It offers data-driven insights with detailed reports and dashboards, enabling HR leaders to make informed decisions about workforce planning and strategy
  • Your Voice: It helps companies obtain employee feedback through anonymous communication channels, ensuring employees have a platform to voice their concerns
  • Workforce Planning: Leveraging this feature, companies can plan for the future with tools to forecast headcount, analyze workforce costs, and align HR strategies with organizational goals 

The cost discussed above is based on an estimate. You can contact us for a personalized HiBob pricing plan, which will be tailored to your company’s unique requirements.