There are many factors to consider when choosing a payroll software for your business. In this article, we'll compare two of the most popular options on the market: Bob (Hibob) and Paycom. We'll go over the key features of each software, their pros and cons, and who each software is best suited for. By the end of this article, you should have a good idea of which payroll software is right for your business.
Overview
Bob (Hibob) is a cloud-based payroll software that offers a comprehensive suite of features to manage your payroll. Bob (Hibob) is designed to be user-friendly and easy to use, with a intuitive interface and straightforward workflow. Bob (Hibob) offers a free trial so you can try before you buy, and there are no long-term contracts, so you can cancel at any time.
Paycom is also a cloud-based payroll software, and like Bob (Hibob), offers a comprehensive suite of features to manage your payroll. Paycom is slightly more expensive than Bob (Hibob), but offers a few more features, such as time tracking and employee onboarding. Paycom requires a long-term contract, so you'll be locked in for at least a year, and there is no free trial.
Key Features
Bob (Hibob)
Bob (Hibob) offers a comprehensive suite of features to manage your payroll, including:
- Payroll processing
- Direct deposit
- Tax filing
- Employee self-service
- Time off tracking
- Leave management
- Benefits administration
- Performance management
Bob (Hibob) offers a free trial so you can try before you buy, and there are no long-term contracts, so you can cancel at any time.
Paycom
Paycom also offers a comprehensive suite of features to manage your payroll, including:
- Payroll processing
- Direct deposit
- Tax filing
- Employee self-service
- Time tracking
- Time off tracking
- Leave management
- Benefits administration
- Performance management
- Employee onboarding
Paycom requires a long-term contract, so you'll be locked in for at least a year, and there is no free trial.
Pricing
Bob (Hibob) is a monthly subscription service, and pricing is based on the number of employees you have. There is a free trial available so you can try before you buy. There are no long-term contracts, so you can cancel at any time.
Paycom is also a monthly subscription service, and pricing is based on the number of employees you have. However, there is no free trial available, and you'll be locked into a long-term contract for at least a year.
Pros and Cons
Bob (Hibob)
Bob (Hibob) offers a comprehensive suite of features to manage your payroll, and is designed to be user-friendly and easy to use. Bob (Hibob) also offers a free trial so you can try before you buy. However, Bob (Hibob) is slightly more expensive than Paycom.
Paycom
Paycom offers a comprehensive suite of features to manage your payroll, including time tracking and employee onboarding. However, Paycom is more expensive than Bob (Hibob), and requires a long-term contract.
Who is Each Software Best Suited For?
Bob (Hibob) is best suited for small to medium businesses that are looking for an easy-to-use payroll software with a free trial. Bob (Hibob) is also a good choice for businesses that are looking for the flexibility of month-to-month billing, with no long-term contract.
Paycom is best suited for medium to large businesses that are looking for a comprehensive payroll software with time tracking and employee onboarding. Paycom is also a good choice for businesses that are looking for a long-term solution and are willing to commit to a year-long contract.
Conclusion
There are many factors to consider when choosing a payroll software for your business. In this article, we've compared two of the most popular options on the market: Bob (Hibob) and Paycom. We've gone over the key features of each software, their pros and cons, and who each software is best suited for. By the end of this article, you should have a good idea of which payroll software is right for your business.