Namely offers an array of digital solutions to cater to Human Resources (HR) needs. It aims to help businesses develop a more productive and happier workforce by making processes more efficient.
These solutions are offered in the form of different plans that have a combination of tools and features. The plans offered by Namely are carefully designed while keeping in mind the requirements and budget constraints of small and medium-sized companies.
This pricing guide aims to help you understand each Namely plan by explaining its features, tools, and pricing.
Namely Pricing Plans
Namely has four plans that go all the way from a very basic solution (starting at $9/month/employee) to advanced ones with custom pricing. These are the four plans:
- Namely Now
- Namely Plus
- Namely Plus People
- Namely Complete
Namely Now
- Price: The plan starts at $9/employee/month
- Features: The package includes essential HR features like self-service and e-signature. Plus, it offers a very reliable payroll system for timely payroll runs. Users can also pay extra for the onboarding add-on to utilize this functionality for any new hires.
- What’s not included: It doesn’t have recruiting assistance, performance monitoring, Benefits administration, and time tracking.
- Best suited for: It’s best for small companies and startups with 20-50 employees who are looking for affordable solutions for their HR problems. While it may not have all the bells and whistles of advanced HR software, it sure does have enough tools to serve as a foundation of your HR operations.
Namely Plus
- Price: Custom pricing
- Features: It has performance tracking tools, state-mandated training, law and compliance alerts, employee self-service, expense tracking, wage garnishment, and all the features of Namely Now.
- What’s not included: The Namely Plus plan lacks managed payroll or benefits services, employee compensation plans, risk calculation tools, or safety management features.
- Best suited for: It is ideal for small to medium-sized companies that have 100-150 employees. It is an excellent plan for keeping track of and managing the workforce as well as seamlessly incorporating new resources in different departments.
Namely Plus People
- Price: Custom pricing
- Features: Includes everything in the Namely Plus plan, plus managed payroll services, managed benefits services, wage calculation and verification, and physical biometric time clocks.
- What’s not included: It doesn’t grant access to large group benefits, such as medical, vision, and dental. However, users can access these benefits as add-ons.
- Best suited for: The Namely Plus People plan is best for growing mid-sized businesses, with employee count usually ranging from 180 to 240. Its managed payroll and benefits services remove the stress of handling all the intricate processes, allowing businesses to focus their resources on other aspects.
Namely Complete
- Price: Custom pricing
- Features: It has all the features of the Namely Plus People, plus tax assistance, employee handbook creator for employee records, electronic State and federal W-4s, and 300+ training and compliance management courses.
- Best suited for: Namely Complete is a comprehensive HR solution tailored to the needs of big companies that have 250+ employees. It is best for you if you want to automate and structure your HR processes for maximum productivity. It’ll also significantly improve employee experience, ultimately leading to greater talent retention.
How To Choose Namely Plan For Your Business?
Imagine buying an expensive software plan, spending weeks implementing it in your systems, and finding out that most of the features aren’t of any use to you. That’s why you should consider these core factors before committing to a Namely plan:
- Budget: Have an estimate of the amount you are comfortable with investing in dedicated HR software. Sure, the benefits of having such software are many, but it shouldn’t be a financial burden.
- Company size: Consider your company size and remember that you can always upgrade to a bigger plan to accommodate your growing workforce. It’s better to try out new software with a smaller plan.
- Business requirements: Make sure you are going for a plan that doesn’t offer more than what your business currently needs. Sit with your HR department to discuss the utility of all the features each plan offers and then make a decision.