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Factorial HR Review Summary
Score 8.5 out of 10
In this Factorial HR review, I’ll be exploring the HR services they have available. Unlike most review sites, I’ll share my honest opinion of my experience using their services, along with some highlights on what I liked the most about their services and areas where I feel they need improvement.
To help you get a good idea of the platform and its capabilities, I’ll take a look at their pricing, their features, and anything that makes them stand out against their competitors in the HR tech sphere. I hope that this Factorial HR review can help you in your quest to find the perfect HR tool for your company.
Factorial HR appears to us as a pretty solid all-in-one HR solution, offering a wide range of features that help teams streamline various aspects of HR management, including payroll, absences, recruitment, performance management, and more.
Its affordable pricing starting from $8 per employee per month makes it accessible to businesses of different sizes, and its high user satisfaction ratings suggest that many users find value in its services.
Let’s dive in and see what else is on offer (and see if it really is an all-in-one solution…)
Factorial HR Company Overview
Factorial HR provides a comprehensive suite of Human Resource and employment solutions, serving thousands of businesses worldwide. Founded in 2016 by Jordi Romero, Pau Ramon, and Bernat Farrero, the company’s mission is to simplify HR processes and promote productivity for HR teams.
Their innovative cloud software has expanded beyond Europe to international markets such as the United States and Latin America, focusing on making employment more manageable and rewarding worldwide. At the heart of their approach is an emphasis on user-friendly design and powerful features that address the needs of both HR professionals and employees.
With over 60,000 active users and thousands of businesses benefiting from their platform, the company continues to pave the way in modern employment solutions, investing significantly in research and development to ease processes for both businesses and employees alike.
Factorial HR Key Features
1. Factorial HR Software & Employee Benefits
Factorial HR provides a comprehensive HR software solution that simplifies administrative tasks such as managing employee data, leave requests and performance reviews. It also offers a centralized platform for employees to access and manage their employee benefits, including healthcare plans, retirement contributions, and wellness programs, promoting transparency and engagement.
2. Factorial HR Payroll Software
Factorial HR’s payroll software automates the complex process of calculating salaries, taxes, and deductions, ensuring accuracy and compliance. With features such as automated timesheets, pay runs, and tax filing, it saves time and reduces the risk of errors, enabling businesses to efficiently manage their payroll operations.
3. Factorial HR Time Tracking
Factorial HR offers time tracking capabilities, which allow employees to clock in and out, request time off, and track their hours worked. This feature helps businesses ensure accurate payroll and compliance with labor regulations.
4. Factorial HR Performance Management
Factorial HR’s performance management tools help businesses conduct performance reviews, set goals, and track employee progress. These tools provide valuable insights into employee performance and development needs, fostering a culture of continuous improvement.
5. Factorial HR Document Management
Factorial HR’s document management system allows businesses to store and organize important HR documents securely. Employees can easily access and upload documents, ensuring that all necessary paperwork is in one place and easily retrievable.
6. Factorial HR Standout Features
What makes Factorial HR stand out is its comprehensive suite of employment solutions tailored to businesses worldwide. With a close focus on simplifying employment processes and improving productivity, Factorial HR offers innovative features such as robust time tracking and performance management tools, which are designed to address both HR professionals’ and employees’ needs.
In addition to this, the company’s commitment to diversity, innovation, and excellence, coupled with significant investments in research and development, ensures that the company remains at the forefront of modernizing employment solutions, consistently providing tangible benefits to businesses and employees alike.
Factorial HR Pricing
Here’s a breakdown of the Factorial HR plans and optional extras:
| Plan | Price per employee/contractor per month |
|---|---|
| Factorial HR Basic | $8 Employee management, time tracking, and document management |
| Factorial HR Business | Custom pricing Includes all Basic features plus performance management, payroll, and advanced analytics |
| Factorial HR Enterprise | Custom pricing Includes all Business features plus dedicated account manager, custom integrations, and more |
Factorial HR offers flexible pricing plans to cater to businesses of different sizes and needs. It’s important to note that minimum monthly costs and contract terms apply, and pricing is based on billable employee usage.
Factorial HR Reviews
The average scores (as of the time of writing) were:
- Factorial HR Capterra = 4.4/5 (271 reviews)
- Factorial HR G2 = 4.4/5 (150 reviews)
- Factorial HR Trustpilot = 3.9/5 (484 reviews)
- Factorial HR Glassdoor = 4.2/5 (874 reviews)
Factorial HR Pros and Cons
- Pros
Affordable pricing
With plans starting from $8 per employee per month, Factorial HR offers cost-effective solutions catering to businesses of various sizes.
Comprehensive features
Factorial HR provides an extensive range of features covering HR, payroll, recruitment, performance management, and more, ensuring comprehensive support for businesses’ needs.
High user satisfaction
Factorial HR receives high ratings for user satisfaction, ease of use, and value for money, indicating a positive user experience.
- Cons
Limited visa support
While the platform provides various HR solutions, including document management and compliance tracking, the absence of dedicated visa support may inconvenience businesses dealing with international employee mobility and immigration matters.
Integration challenges
Some users have reported challenges with the integration between HR and payroll systems, suggesting potential issues in system compatibility and usability.
Customer support concerns
While Factorial HR offers various support channels, including email, phone, and chat, there have been instances where users experienced delays or inadequate responses, leaving room for improvement in customer support quality and effectiveness.
RemotePeople Score for Factorial HR
8.5/10
Our expert score for Factorial HR
Our team came to this score by considering the following components in the following weightings:
Hiring features
25%
HR Data features
10%
Payroll features
10%
Compliance features
10%
Platform features
10%
Pricing
20%
User reviews
15%
For each component, Factorial HR received the following score:
Hiring features
20/25
HR Data features
8/10
Payroll features
8/10
Compliance features
9/10
Platform features
8/10
Pricing
19/20
User reviews
13/15
Factorial HR — Our Take
Factorial HR emerges as a powerful HR platform offering a comprehensive suite of solutions suited to businesses globally. From recruitment tools enhancing talent acquisition to payroll functionalities ensuring efficient compensation management, Factorial HR streamlines various HR processes.
With its extensive features, the platform empowers businesses to focus on their everyday HR operations while improving employee engagement levels and ensuring compliance with regulatory standards.
While Factorial HR provides a wide range of HR functionalities, we still think it’s essential for businesses to consider factors like their customer support, integration capabilities, and lack of specialized services such as visa support. However, Factorial HR remains a good choice for businesses seeking an all-in-one HR solution at an affordable price.
For more information on which HR software might suit you, check out our reviews of HiBob and BambooHR.
