Namely Review, Pricing, Features with Pros and Cons

In this Namely review, you'll find more information about its features, pricing, pros and cons and why you should consider using it.
9/10 (Expert Score)
Product is rated as #13 in category Human Resources Management System
9Expert Score
All you need in one place.

Namely stands out as a beacon in the HR software landscape, offering a suite of advantages that cater to the evolving needs of modern businesses. Its intuitive interface simplifies complex HR tasks, making processes like payroll, benefits administration, and compliance management more efficient and less daunting. The platform’s scalability ensures it grows with your business, while its robust analytics tools provide valuable insights for strategic decision-making. With Namely, businesses can expect a significant boost in operational efficiency, compliance assurance, and overall employee engagement, making it an indispensable tool for small to mid-sized companies aiming to streamline their HR functions.

Customer support
8.9
Value for money
9
Ease of use
8.9
Features
9.3
Pros
  • Robust compliance tools
  • Comprehensive HR solution
  • Enhanced Payroll and Benefits services
  • Customizable and Scalable
  • User-friendly interface
Cons
  • Learning curve
  • Complexity for smaller teams
  • Challenging integrations

In the dynamic world of HR management, staying ahead means leveraging the best tools and technologies available. Enter Namely: a comprehensive HR software solution that’s transforming how small to mid-sized businesses approach everything from payroll to performance management.

This article dives into the multifaceted world of Namely, exploring its features, benefits, and how it stands out in the crowded landscape of HR technology.

Whether you’re a growing startup or an established company looking to streamline your HR processes, understanding what Namely offers could be the key to unlocking greater efficiency, compliance, and employee satisfaction in your organization.

Read further to learn more about Namely, in our review we will detail its features, pros and cons with our rating, and a conclusion about why you should use it.

Click on “open” if you want to see exactly what we will talk about in the rest of this article.

Overview

What is Namely?

Namely is an industry-leading, cloud-based Human Resources Management System (HRMS) and payroll solution designed specifically for small to mid-sized businesses. It offers a comprehensive suite of HR tools in a single, intuitive platform, covering the full employee lifecycle.

This includes employee engagement tools, compliance resources, benefits insurance expertise, and enhanced payroll services. Namely’s platform is designed to streamline HR processes, making them more efficient and less error-prone, thereby improving overall employee satisfaction.

It also provides scalability and flexibility, growing with the company and adapting to its changing needs. The platform’s ease of use and all-in-one nature make it a valuable resource for HR professionals looking to save time and build a strong company culture.

Namely home page

Namely specifications

FeaturesAnalytics & Reporting / Benefits Administration / Compliance and Regulations / Core HR Functionality / Employee Portal / Employee Self-Service / HR / Talent / Onboarding / Payroll / Performance Management / Recruiting / Time Off Tracking
Best suited forSmall businesses, Mid size businesses, Large enterprises
Website languagesEnglish
Website URLVisit official website
Support linkSupport page
Live chatNo
Company addressNew York, NY
Year founded2012

Pricing

Namely pricing: How much does Namely cost?

When it comes to pricing, Namely offers a flexible range that caters to the diverse financial capabilities of small to mid-sized businesses.

With plans starting from a competitive range and scaling up based on the breadth of services and company size, Namely ensures that businesses can find a pricing option that aligns with their budget and HR needs.

In this section, we’ll delve into the pricing structure of Namely, providing a clear overview of what businesses can expect in terms of investment and the value they receive in return, making it easier to make an informed decision about this crucial aspect of HR management.

Pricing rangeFrom $9 to $24 per month
Pricing typesMonthly subscription
Free planNo
Free trialNo
Money back guaranteeNo
Pricing page linkSee plans

Namely pricing plans

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Namely’s pricing plans vary based on the services and the size of the company. Here are the details:

  • Namely Now: Starts at $9 per employee per month. This plan is designed for immediate HR needs, offering essential HR tools and services.
  • Standard Pricing: Ranges between $12 to $24 per employee per month. The cost depends on the modules included and the size of the company. This range suggests flexibility in the services offered, allowing businesses to choose according to their specific needs.
  • Basic Service (Excluding Payroll): Costs around $12 to $16 per month per employee. This plan focuses on HR functionalities excluding payroll services, suitable for businesses that might already have a payroll system in place or prefer a separate payroll service.

These pricing structures indicate that Namely offers a range of options to suit different business sizes and needs, from essential HR tools to more comprehensive packages including advanced features.

Features

Namely features: What can you do with it?

Diving into the features of Namely, we uncover the building blocks of this powerful HR software. Each feature is a cog in the well-oiled machine that Namely represents, designed to address specific aspects of HR management.

Namely features

From comprehensive payroll solutions to advanced talent management, Namely’s features are crafted to enhance the HR experience for both employees and administrators. This section will explore how each feature contributes to making Namely a holistic, user-friendly, and efficient HR management tool.

HR

Namely HR

Namely’s HR platform is a comprehensive solution that enhances the efficiency of HR operations. Beyond basic onboarding, self-service, and eSignature functionalities, it offers advanced tools for employee data management, including tracking of personal details, job history, and performance records.

The platform’s user-friendly interface ensures ease of use for both HR professionals and employees, fostering a more engaged workforce. The onboarding module is particularly robust, featuring customizable workflows that can be tailored to meet the specific needs of different roles or departments.

This customization extends to the self-service portal, where employees can update their information, request time off, and access important documents, all in one place. The eSignature feature not only speeds up document processing but also ensures secure and legally binding digital signatures, making it ideal for remote or distributed teams.

Benefits Administration

Namely benefits administration

Namely’s Benefits Administration module offers a holistic approach to managing employee benefits. It not only handles the basics of enrollment and life event management but also provides tools for comparing and analyzing different benefits plans.

This helps employees make more informed choices about their benefits, leading to higher satisfaction and retention.

The platform also integrates with major insurance carriers, streamlining the benefits management process and ensuring data accuracy. For HR teams, this means less time spent on administrative tasks and more on strategic initiatives.

The system’s reporting capabilities allow for easy tracking of enrollment statistics and benefits utilization, aiding in cost management and benefits strategy planning.

Additionally, the platform’s user-friendly interface simplifies the enrollment process, making it less daunting for employees, especially during high-stress life events.

Compliance

Namely compliance

Namely’s Compliance feature is a robust tool that extends beyond basic policy management and training. It offers a proactive approach to compliance, with features like automatic updates on legal changes and customizable alerts for important compliance deadlines.

The handbook builder is not just a document creation tool; it’s a comprehensive resource that guides HR professionals through the intricacies of policy development, ensuring that company handbooks are not only compliant but also aligned with organizational culture and values.

The state-mandated training modules are designed to be engaging and informative, increasing employee understanding and adherence to important regulations.

Access to expert advisors provides an additional layer of support, offering insights and guidance on complex compliance issues. This feature is particularly valuable for businesses operating in multiple states or countries, where compliance requirements can vary significantly.

Talent

Namely talent

Namely’s Talent feature is an all-encompassing solution for talent management. It goes beyond basic recruiting and performance management to offer a suite of tools designed to enhance the entire employee lifecycle.

The recruiting module integrates with popular job boards and social media platforms, making it easier to attract a diverse pool of candidates. Once candidates are in the system, the performance management tools kick in, offering continuous feedback mechanisms, goal tracking, and development plans.

This holistic approach ensures that employees are not only well-selected but also continuously developed and engaged.

The goal-setting functionality is particularly dynamic, allowing for both individual and team goals that can be aligned with organizational objectives. The recognition tools are designed to celebrate not just major achievements but also everyday contributions, fostering a culture of appreciation and motivation.

Payroll & Time

Namely time management

Namely’s Payroll & Time feature is a sophisticated system that addresses the complexities of modern payroll and time management.

It’s not just about tracking hours and processing paychecks; the system offers advanced features like compliance with various tax jurisdictions, integration with time tracking devices, and detailed payroll reporting.

Namely payroll

The time tracking tool is versatile, accommodating different types of employee schedules, including remote and flexible arrangements. The payroll module is equipped to handle complex scenarios like bonus calculations, garnishments, and retirement contributions.

For businesses with a global workforce, the system can adapt to various regional payroll requirements.

The integration between time tracking and payroll ensures real-time data synchronization, reducing the risk of payroll errors and enhancing overall operational efficiency. This feature is particularly beneficial for businesses looking to streamline their payroll processes and ensure accuracy in employee compensation.

HR Analytics

Namely HR analytics

Namely’s HR Analytics feature is a powerful tool that transforms raw HR data into meaningful insights, enabling organizations to make informed decisions.

This feature goes beyond basic reporting; it offers advanced analytics capabilities, such as predictive modeling and trend analysis, which help in forecasting future HR needs and challenges.

The analytics cover a wide range of metrics, including workforce demographics, employee engagement levels, and training effectiveness.

This comprehensive view allows HR leaders to identify patterns, uncover potential issues, and track the effectiveness of HR programs over time. Customizable dashboards provide a real-time overview of key metrics, making it easy for decision-makers to monitor HR performance and trends.

The data visualization tools included in this feature make complex data more accessible and understandable, facilitating communication and strategic planning across the organization.

By leveraging these analytics, businesses can optimize their HR strategies, improve employee experiences, and contribute more effectively to organizational success.

Enhanced Services

Managed Payroll

Namely managed payroll

Namely’s Managed Payroll service is a comprehensive solution that extends beyond basic payroll processing. It includes features like tax filing and remittance, year-end reporting, and handling of all payroll-related inquiries.

This service is particularly beneficial for businesses with complex payroll needs, such as those with employees in multiple states or countries. The team of payroll experts ensures that all payroll activities are conducted in compliance with the latest regulations, reducing the risk of penalties and errors.

The service also offers detailed payroll reports, providing valuable insights into labor costs and payroll trends. By outsourcing payroll to Namely’s experts, businesses can ensure a seamless, efficient, and accurate payroll process, allowing them to focus on core business activities.

Managed Benefits

The Managed Benefits service offered by Namely is a strategic solution for managing employee benefits. It goes beyond basic consulting and brokerage; the service includes benefits plan design, compliance support, and employee education and engagement programs.

The team of benefits experts works closely with businesses to understand their unique needs and challenges, helping them create a benefits strategy that aligns with their business goals and employee expectations.

The service also includes ongoing management and optimization of benefits programs, ensuring they remain competitive and cost-effective. With Namely’s Managed Benefits, businesses can enhance their employee value proposition, attract and retain top talent, and ensure their benefits programs are managed efficiently and effectively.

Conclusion

Namely review: Why you should use it?

Namely is a comprehensive HR software solution designed to streamline HR processes, making life easier for HR professionals and enhancing employee satisfaction. It’s tailored for small to mid-sized businesses, offering cloud-based technology and enhanced services to manage the full employee lifecycle.

The platform includes intuitive HR technology, employee engagement tools, compliance resources, benefits insurance expertise, and enhanced payroll services. Namely’s all-in-one nature simplifies HR management, providing a centralized system for various HR tasks.

Namely how to start

Pros:

  • Comprehensive HR Solution: Offers a wide range of HR functionalities, including payroll, benefits, compliance, and talent management, in one platform.
  • User-Friendly Interface: Known for its intuitive and easy-to-use interface, making it accessible for all users.
  • Customizable and Scalable: Adapts to the specific needs of businesses as they grow and change.
  • Robust Compliance Tools: Provides resources and expert advice to help businesses stay compliant with HR regulations.
  • Enhanced Payroll and Benefits Services: Offers managed services for payroll and benefits, reducing the administrative burden on HR teams.

Cons:

  • Cost: May be considered expensive for very small businesses or startups.
  • Complexity for Smaller Teams: Some smaller teams might find the wide array of features more complex than needed.
  • Learning Curve: New users may require time to fully understand and utilize all the features effectively.
  • Integration with Other Systems: While comprehensive, integration with existing systems can be challenging.
  • Customer Support: Some users have reported varying experiences with customer support responsiveness and effectiveness.

FAQ

Frequently Asked Questions

Namely Review, Pricing, Features with Pros and Cons
Namely Review, Pricing, Features with Pros and Cons

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