Pricing GuideCore HR Software

Here’s What We’ll Cover

Pricing models

Pricing ranges

Unexpected costs

Pricing by application

Pricing of popular systems

$ !

$ $$

Two Common Pricing Models

An upfront sum for the license to own the software and use it in perpetuity. This is the more traditional model and is most common with on-premise applications.

A monthly fee to use the software for a specific amount of time. Subscription pricing became popular with the advent of Software as a Service (SaaS).

Perpetual License

Subscription

Comparing Costs by Pricing Model

Upfront costs

Perpetual License

Subscription

Recurring costs Other costs

HIGH LOW MEDIUM

LOW LOWHIGH

Perpetual License Costs

• Perpetual license fee

• Customizations

• Installation/setup

• Integration with existing systems

• Maintenance (updates, patches & upgrades)

• Premium support services

!Customization and integration costs can be significant--often as much or more than the software--if you choose to change the software substantially.

Upfront costs

Recurring costs

Subscription Costs

Customization and integration costs are often less costly simply because SaaS systems have not provided as much flexibility in this area. Although that is changing as SaaS systems evolve.!

Upfront costs

Recurring costs

• Customizations

• Installation/setup

• Integration with existing systems

• Subscription fee

• Premium support services

Total Cost of Ownership

While a perpetual license may cost more upfront, the total cost of ownership typically converges with subscription packages over time.

!

Visit our Total Cost of Ownership Calculator for a more detailed estimate.

Perpetual License Subscription

Total cost of ownershipconverges over time.

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

Cost ($)

Perpetual License Price Ranges

License fee Starter

(250 employees)

Mid-range (500 employees)

Enterprise (1,000 employees)

Customer requirements

$8,000-$28,750

$13,000—$56,000

$54,250-$111,000

Subscription Price Ranges

Monthly fee Starter

(250 employees)

Mid-range (500 employees)

Enterprise (1,000 employees)

Customer requirements

$380-$2,625

$760-$8,000

$4,000-$15,000

Often Overlooked Costs

Data migration

While this can be done in-house, most will want

to pay the vendor to transfer data.

Training

Often web-based training is included, but

vendors will charge for in-person training.

Hardware & IT

This can be a major expense for on-premise

software buyers that need their own servers.

Common Core HR Applications

Streamlined payroll processing priced per

employee

Personnel data organization priced per

employee

Hours worked, absences and vacations priced per

employee

Automated benefits selection and reporting

priced per employee

Personnel tracking

Benefits administration

Time-keeping

Payroll

Pricing for Popular Packages

Product Pricing Model Starter Mid-Range Enterprise

ADP RUN 7Monthly subscription

$22-$5,500 $15,060-$30,000 N/A

BambooHR 3Monthly subscription

$69-$649 $749-$949 $1,049-$1,449

HRMSSoft 8 Monthly subscription $25-$6,250 $6,275-$12,500 $12,525-$25,000

Kronos 9Monthly subscription

N/A $5,000+ $5,000+

Salary.com 10Monthly subscription

$625 N/A N/A

SuccessFactors 1Monthly subscription

$6-$1,562 $1,568-$3,125 $3,131-$6,250

TribeHR 2Monthly subscription

$5-$1,250 $2,510-$5,000

UltiPro 5 Monthly subscription

N/A N/A $42,943

Workday 4 N/A N/A $8,333

Monthly subscription $0-$249Zoho People 6 $259-$499 N/A

Monthly subscription

$7,515-$15,000

Product Pricing Model Starter Mid-Range Enterprise

Omniprise HRM 13,14

$54,260-$97,075

Oracle 11,12

Sage HRMS 15

$7,000 $14,000-$56,000 $63,000-$105,000

SAP 16

$95-$760 $855-$1,425 $1,520-$2,850

People-Trak HR 17 $3,204-$8,172 $8,192-$13,160 $13,179-$23,135

$700-$2,118Monthly subscription

Perpetual License Fee

$2,635-$5,250

$612-$28,112

$5,260.50-$10,500

$55,832-$110,844$28,222-$55,722

Monthly subscription

Perpetual License Fee

Monthly subscription

Perpetual License Fee

$5,000 $8,000 $12,000

$8,879 $13,200 $18,470

Monthly subscription

Perpetual License Fee

Perpetual License Fee

Pricing for Popular Packages Continued

$10-$2,625

$2,126-$4,056 $4,063-$7,631

$31,018-$54,175$13,900-$30,925

Sources of Pricing Data

!1. http://money.cnn.com/galleries/2008/fsb/0807/gallery.talent_management.fsb/5.html

2. https://web.archive.org/web/20131210180346/http://tribehr.com/pricing

3. https://www.bamboohr.com/pricing.php

4. http://www.hreonline.com/HRE/view/story.jhtml?id=33266964

5. http://www.ultiproweb.net/pdf/whitepapers/finalwhitepaperforprinting.pdf

6. http://www.zoho.com/people/zohopeople-pricing.html

7. http://bit.ly/ippa-adp-pricing

8. http://www.hrmssoft.com/pricing.php

9. http://www.bizbrain.org/reviews/small-business-payroll-software-packages/

10. http://money.cnn.com/galleries/2008/fsb/0807/gallery.talent_management.fsb/3.html

11. http://www.oracle.com/us/corporate/pricing/fusion-applications-price-list-418746.pdf

12. https://cloud.oracle.com/global_human_resources?tabID=1383678919561

13. http://www.omniprisehrm.com/pricing http://crm-software-review.toptenreviews.com/

14. http://www.omniprisehrm.com/cloud-hostinghttp://www.payrolllab.com/sap-payroll-price.php

15. http://pro.sagesoftware.com/ProHTML/ABRA/ProductInfo/SalesTools/Sage_Abra_SQL_HRMS_Cheat_Sheet.pdf

16. http://www.payrolllab.com/sap-payroll-price.php

17. http://www.people-trak.com/products/pricing.asp

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The pricing information included in this presentation was collected from the vendors' websites in July 2014. Software Advice is not in a position to provide detailed price quotes on behalf of these vendors, and this data should not be considered as such. The information is simply a compilation of what is publicly available online. Buyers should contact the software vendor for actual pricing. Below is a list of sources for where this information was collected. !To generate pricing ranges for this guide, we considered a “starter” company to be one with 250 employees and 4 administrative users, a “mid-range” company to be one with 500 employees and 8 administrative users and an “enterprise” company to be one with 1,000 employees and 15 administrative users.

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