BambooHR

Last updated

Bamboo HR LLC
Company type Private
Industry technology company
software
Founded2008 (2008)
Founders
  • Ben Peterson
  • Ryan Sanders
Headquarters Lindon, Utah, U.S.
Key people
  • Brad Rencher (CEO)
  • Ben Peterson, Ryan Sanders (co-chairmen)
Services human resources software as a service,
human capital management software as a service and
applicant tracking system
Number of employees
1,000 employees (August 2021)
Website www.bamboohr.com

BambooHR is an American technology company that provides human resources software as a service. Founded in 2008 by Ben Peterson and Ryan Sanders, the company is based in Lindon, Utah.

Contents

BambooHR's services include an applicant tracking system and an employee benefits tracker. In 2019, Gadjo C Sevilla and Brian T. Horowitz wrote in PC Magazine that BambooHR is "pricier than competing products" and "lacking in benefits administration (BA) features compared to rival solutions", but its "solid feature set and user-friendly interface push it to the top of our list". [1]

History

BambooHR was founded in 2008 [2] by Ben Peterson and Ryan Sanders. [3] Based in Lindon, Utah, [4] the company has a dancing panda mascot. [3] BambooHR had 470 employees in November 2019. [5] In 2019, BambooHR served 11,000 clients that were based in 100 countries. [5] [6] BambooHR customers in 2017 included Shopify, Foursquare, and Reddit. [7]

Most of BambooHR's employees are salaried employees and do not qualify for overtime. [8] BambooHR has an "anti-workaholic policy" in which employees are forbidden from laboring over a 40-hour week. [8] [9] Company co-founder Ryan Sanders' rationale was that occupational burnout has a detrimental effect on the health of his employees and negatively affects their families and his company. [8] He started taking this view during his organizational leadership studies as a graduate student at Gonzaga University. [10]

BambooHR started a "paid paid vacation" policy in 2015. [11] Employees who have worked at BambooHR for at least six months are eligible for $2,000 in reimbursements for vacation expenses like airline tickets, hotel rooms, and other tourist activities. [12] Joe Fryer profiled BambooHR's vacation policy on the Today show on September 16, 2016. [13] According to a 2015 article in The Wall Street Journal , BambooHR terminated an employee for violating their workweek policy by working more than 40 hours. [4]

In October 2019, BambooHR appointed Brad Rencher, who had previously been a marketing executive at Adobe Inc., to replace Ben Peterson as the company's CEO. [5] Peterson became a co-chairman on the board of directors with fellow co-founder Ryan Sanders. [5]

Software

BambooHR provides companies a human resources management software as a service. [14] The service has a dashboard homepage with different sections for employee information, vacation time record keeping, and reports. The sections are: "My Info", "Employees", "Job Openings", "Reports", and "Files". The dashboard also contains an employee's image, contact details, and vacation time remaining. It has areas that show scheduled lessons and business communications. Users can see their coworkers' birthdays and scheduled time off. [14]

BambooHR's software includes an applicant tracking system. The system has a catalogue of job opportunities and data about each opportunity including the hiring manager, how many people have applied, and how long it has been posted. BambooHR's integration allows job openings to be posted at the same time to the company's jobs page and to career sites like Glassdoor and Indeed. [14]

BambooHR allows companies to record employee benefits. It includes reports that help employees fill out Affordable Care Act compliance forms. In 2017, Juan Martinez and Rob Marvin wrote in PC Magazine that BambooHR's benefits administration functionalities are inferior to Zenefits'. [14] They concluded that although the software is "easy to get up and running", it is more expensive than a large number of its competitors and its website is "pretty but lacks functionality". [14] It also has a performance review feature. It provides an open API to allow combination with other HR software services. [14] In 2017, it started BambooHR Marketplace to allow software developers to market HR apps they have integrated with BambooHR. [7]

Related Research Articles

<span class="mw-page-title-main">Valve Corporation</span> American video game company

Valve Corporation, also known as Valve Software, is an American video game developer, publisher, and digital distribution company headquartered in Bellevue, Washington. It is the developer of the software distribution platform Steam and the game franchises Half-Life, Counter-Strike, Portal, Day of Defeat, Team Fortress, Left 4 Dead, and Dota.

<span class="mw-page-title-main">Payroll</span> Record of money paid or due to employees

A payroll is a list of employees of a company who are entitled to receive compensation as well as other work benefits, as well as the amounts that each should obtain. Along with the amounts that each employee should receive for time worked or tasks performed, payroll can also refer to a company's records of payments that were previously made to employees, including salaries and wages, bonuses, and withheld taxes, or the company's department that deals with compensation. A company may handle all aspects of the payroll process in-house or can outsource aspects to a payroll processing company.

The 35-hour workweek is a labour reform policy adopted in France in February 2000, under Prime Minister Lionel Jospin's Plural Left government. Promoted by Minister of Labour Martine Aubry, it was adopted in two phases: the Aubry 1 law in June 1998 and the Aubry 2 law in January 2000. The previous legal working week was 39 hours, established by President François Mitterrand, also a member of the Socialist Party. The 35-hour working week had been on the Socialist Party's 1981 electoral program, titled 110 Propositions for France, but was not pursued because of the poor state of the economy.

<span class="mw-page-title-main">Working time</span> Period of time that an individual spends at paid occupational labor

Working (laboring) time is the period of time that a person spends at paid labor. Unpaid labor such as personal housework or caring for children or pets is not considered part of the working week.

<i>The Salt Lake Tribune</i> Daily newspaper in Salt Lake City, Utah

The Salt Lake Tribune is a newspaper published in the city of Salt Lake City, Utah. The Tribune is owned by The Salt Lake Tribune, Inc., a non-profit corporation. The newspaper's motto is "Utah's Independent Voice Since 1871."

<span class="mw-page-title-main">Gabe Newell</span> American businessman (born 1962)

Gabe Logan Newell, also known by his nickname Gaben, is an American businessman who is the president and co-founder of the video game company Valve Corporation.

SingleTrac Entertainment Technologies was an American video game developer, mostly for the PlayStation platform. The management team and much of the original development team came from Evans & Sutherland, bringing their 3D graphics and software engineering skills into the video game industry. Its most famous titles were the Twisted Metal and Jet Moto video game series.

A full-time job is employment in which workers work a minimum number of hours defined as such by their employer.

The weekdays and weekend are the complementary parts of the week devoted to labour and rest, respectively. The legal weekdays, or workweek, is the part of the seven-day week devoted to working. In most of the world, the workweek is from Monday to Friday and the weekend is Saturday and Sunday. A weekday or workday is any day of the working week. Other institutions often follow this pattern, such as places of education. The constituted weekend has varying definitions, based on determined calendar days, designated period of time, and/or regional definition of the working week. Sometimes the term "weekend" is expanded to include the time after work hours on the last workday of the week.

<span class="mw-page-title-main">Microsoft Japan</span> Japanese subsidiary of Microsoft

Microsoft Japan Co., Ltd. is a Japanese subsidiary of Microsoft headquartered in Minato, Tokyo. It develops both hardware and software technologies for consumers and business partners.

<span class="mw-page-title-main">Tim Ferriss</span> American entrepreneur, investor, author, and podcaster (born 1977)

Timothy Ferriss is an American entrepreneur, investor, author, podcaster, and lifestyle guru. He was known for his 4-Hour self-help book series—including The 4-Hour Work Week, The 4-Hour Body, and The 4-Hour Chef—that focused on lifestyle optimizations, but he has since reconsidered this approach.

Kronos Incorporated was an American multinational workforce management and human capital management cloud provider headquartered in Lowell, Massachusetts, United States, which employed more than 6,000 people worldwide.

Workfront, Inc., was a Lehi, Utah-based software company that developed web-based work management and project management software that features enterprise work management, issue tracking, document management, time tracking and portfolio management. The company was founded in 2001 by Scott Johnson. Workfront has 1000 employees and approximately 4,000 customers with offices in the United States and EMEA.

A four-day workweek is an arrangement where a workplace or place of education has its employees or students work or attend school, college or university over the course of four days per week rather than the more customary five. This arrangement can be a part of flexible working hours, and is sometimes used to cut costs.

<span class="mw-page-title-main">Fair Labor Standards Act of 1938</span> United States wage law

The Fair Labor Standards Act of 1938 29 U.S.C. § 203 (FLSA) is a United States labor law that creates the right to a minimum wage, and "time-and-a-half" overtime pay when people work over forty hours a week. It also prohibits employment of minors in "oppressive child labor". It applies to employees engaged in interstate commerce or employed by an enterprise engaged in commerce or in the production of goods for commerce, unless the employer can claim an exemption from coverage. The Act was enacted by the 75th Congress and signed into law by President Franklin D. Roosevelt in 1938.

eFileCabinet

eFileCabinet is a SaaS-based company headquartered in Lehi, Utah, selling document management software to manage and store documents, content, and records, either on-site or in the cloud.

<i>American Truck Simulator</i> 2016 truck simulator game developed by SCS Software

American Truck Simulator is a truck simulator game developed and published by SCS Software. It was announced as being in development in September 2013 and unveiled at the E3 2015. It was released on 2 February 2016 for Microsoft Windows, Linux, and macOS. The game is the parallel sequel to Euro Truck Simulator 2, the spiritual successor of 18 Wheels of Steel, and the fifth installment in the Truck Simulator series. The game is set in a condensed depiction of the United States, featuring American conventional semi-trucks and various locations across the U.S., where players pick up a variety of cargos and deliver them to their destinations.

<span class="mw-page-title-main">Denuvo</span> Anti-tamper software

Denuvo Anti-Tamper is an anti-tamper and digital rights management (DRM) system developed by the Austrian company Denuvo Software Solutions GmbH. The company was formed from a management buyout of DigitalWorks, the developer of SecuROM, and began developing the software in 2014. It was introduced with FIFA 15 in September. In addition to Denuvo Anti-Tamper, Denuvo Software Solutions has developed the anti-cheat system Denuvo Anti-Cheat and Nintendo Switch Emulator Protection, which attempts to prevent Nintendo Switch games from being emulated. The company was acquired by Irdeto in January 2018.

MaritzCX LCC was a customer experience (CX) and market research company providing consumer data analysis in real time. In February 2020, it was announced that MaritzCX would be acquired by InMoment, another Utah-based customer feedback management company. MaritzCX provided platforms for strategy and design consulting, mystery shopping, data analysis models, comprehensive program management, and data collection and validation services. MaritzCX served the automotive, business-to-business (B2B), consumer technology, financial, government, retail, travel, and hospitality industries.

References

  1. ↑ Sevilla, Gadjo; Horowitz, Brian T. (August 6, 2019). "BambooHR". PC Magazine . Retrieved August 11, 2019.
  2. ↑ Semerad, Tony (November 14, 2014). "CEO dresses as a panda? Yes, this Utah software company is a rare breed". The Salt Lake Tribune . Archived from the original on December 25, 2017. Retrieved December 22, 2017.
  3. 1 2 Murphy, Shawn (2015). The Optimistic Workplace: Creating an Environment That Energizes Everyone. New York: American Management Association. ISBN   978-0814436202 . Retrieved December 22, 2017.
  4. 1 2 Feintzeig, Rachel (October 13, 2015). "Radical Idea at the Office: A 40-Hour Workweek". The Wall Street Journal . Archived from the original on December 22, 2017. Retrieved December 22, 2017.
  5. 1 2 3 4 Semerad, Tony (November 9, 2019). "BambooHR keeps workers happy and fulfilled even as the Utah software firm mushrooms in size". The Salt Lake Tribune . Archived from the original on November 10, 2019. Retrieved November 19, 2019.
  6. ↑ Neely, Karissa (October 28, 2016). "Les Olson honored, BambooHR named to Entrepreneur 360 list". Daily Herald . Archived from the original on May 3, 2017. Retrieved December 22, 2017.
  7. 1 2 Neely, Karissa (April 27, 2017). "During live Elevate Summit, BambooHR expands its outreach to global human resources professionals". Daily Herald . Archived from the original on December 22, 2017. Retrieved December 22, 2017.
  8. 1 2 3 Sahadi, Jeanne (April 30, 2015). "The death of the 40-hour workweek". CNN. Archived from the original on May 2, 2015. Retrieved December 29, 2017.
  9. ↑ Hunter, G. Shawn (2016). Small Acts of Leadership: 12 Intentional Behaviors That Lead to Big Impact. New York: Routledge. pp. 162–163. ISBN   978-1351818513 . Retrieved December 22, 2017.
  10. ↑ James, Geoffrey (September 18, 2013). "Long Work Hours Hinder Success". Inc. Archived from the original on December 29, 2017. Retrieved December 29, 2017.
  11. ↑ Scribner, Herb (September 29, 2016). "This Utah company pays its employees $2,000 to take vacation". Deseret News . Archived from the original on September 30, 2016. Retrieved December 22, 2017.
  12. ↑ Sahadi, Jeanne (July 28, 2016). "These companies offer paid vacation ... and pay for your vacation". CNN. Archived from the original on July 26, 2016. Retrieved December 29, 2017.
  13. ↑ Fryer, Joe (September 16, 2016). "Why some companies are paying for their employees' vacations". Today . Archived from the original on September 16, 2016. Retrieved December 29, 2017.
  14. 1 2 3 4 5 6 Martinez, Juan; Marvin, Rob (November 18, 2017). "BambooHR Review & Rating". PC Magazine . Archived from the original on December 30, 2017. Retrieved December 22, 2017.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.