Namely Pricing: Features, Costs and Top HRMS Alternatives

Namely is an all-in-one human resource management system (HRMS) platform targeted to mid-size and large companies. The software has five main components: modern HR, payroll, benefits, time management and talent management. A couple of its unique features are the social networking feed for company updates and the Namely Exchange, an online marketplace for employee benefits. 

We’ve reviewed Namely and compared it with other HRMS solutions in terms of features and other attributes. This post focuses on Namely’s pricing model, as well as information on its alternatives. 

How Much is Namely? 

Like other HRMS software, Namely employs the per-employee/per-month pricing strategy. Namely doesn’t publicly release pricing information, so we’ve looked for online sources. One source, NerdWallet, indicates that Namely costs approximately $15-$30 per employee per month. There is also a one-time implementation fee of $50-$80 per employee.  

Namely determines its per-employee pricing for a particular client based on that client’s requirements and any features and services the client uses.  

In order to get the most accurate price for your company, your better bet is to contact Namely directly. Here are a few of the questions you should ask about pricing: 

  • Does the implementation fee include any data migration and training? 
  • Does the monthly fee include support? Or is support an additional fee? 
  • Are there any “evergreen” (subscription automatically renews without client approval) clauses? 

Top Alternatives to Namely 

As Namely is targeted to mainly medium-sized and larger companies, its pricing may be expensive for a smaller business (companies with less than 50 employees). Here are two alternative HRMS solutions for both small and medium-sized businesses: 

BambooHR – Similar to Namely, BambooHR also uses the per-user monthly subscription model. It starts at $4 per employee for its core modules and increases up to $8 for any add-on features, such as its performance management or payroll modules. 

SutiHR – SutiHR starts at $2 per employee per month for its basic HR features (employee records, self-service functionality, reporting and mobile access). However, its add-on features cost extra. For example, both its recruiting and performance management modules each cost $1 per employee. The time management, benefits and training modules each cost 50 cents per employee. 

For medium-sized and larger companies that are looking at other vendors, here are two alternative solutions. Note: Neither vendor publicly releases pricing information, so you’ll have to contact each one directly for a quote. 

EPAY Systems – EPAY Systems offers both a human capital management solution and a workforce management solution.  Its HCM module, EPAY HCM, includes many HR features, such as payroll, applicant tracking, performance management, onboarding and benefits. It uses a fixed per-employee per-month pricing model that doesn’t include any additional fees. Therefore, services that typically cost extra with additional vendors, such as payroll processing and tax filing, are built into the monthly price. 

SyncHR – It’s unknown whether SyncHR uses a per-user monthly pricing model, but its platform includes four core modules: core HR, payroll, benefits, and reporting and analytics. Clients can optionally add on these modules: recruiting, time and attendance, learning management, performance management and compensation planning.

Takeaways 

Because many HRMS vendors don’t release pricing information publicly, it’s key to ask for price quotes upfront for comparison. When requesting a price quote, be sure to ask the vendor if the price covers all features and services or if there are any additional fees. 

Based on your company size and needs, you may want to consider other vendors. We’ve featured over 35 HRMS reviews on our site for small, medium and large-sized companies.  

You can also download our side-by-side HRMS Comparison Guide where we’ve listed various attributes of each solution in a comprehensive spreadsheet. 

Finally, if you’re looking for a primer on HRMS solutions in general, head over to our Definitive Guide to HRMS. In it, we detail the benefits, features and what to look for when purchasing a solution. 

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