BambooHR
| Company type | Private |
|---|---|
| Industry | Human resources software |
| Founded | 2008 |
| Founder | Ben Peterson, Ryan Sanders |
| Headquarters | Lindon, Utah , United States |
Key people | Brad Rencher (CEO), Ben Peterson (Co-chairman), Ryan Sanders (Co-chairman) |
| Products | Human resources software, applicant tracking system, employee benefits administration tools |
Number of employees | 470 (2019) |
| Website | bamboohr |
BambooHR LLC is a U.S.-based technology company focused on providing human resources software as a service solutions. Established in 2008 by founders Ben Peterson and Ryan Sanders, the company operates out of its headquarters in Lindon, Utah. Its primary offerings include an applicant tracking system alongside tools for monitoring employee benefits.
History
BambooHR was launched by entrepreneurs Ben Peterson and Ryan Sanders and has since become a prominent entity within the HR software sector. By late 2019, the organization employed approximately 470 individuals and supported a client base exceeding 11,000 across more than 100 countries, counting major firms such as Shopify, Foursquare, and Reddit. The company’s global activities are coordinated from its Lindon, Utah headquarters.
The company’s operational philosophy prioritizes workforce wellness, exemplified by its implementation of an "anti-workaholic policy" that restricts workweeks to 40 hours to mitigate employee burnout. This policy was introduced under the guidance of co-founder Ryan Sanders, influenced by his research in organizational leadership. In 2015, BambooHR pioneered the "paid paid vacation" program, offering reimbursement up to $2,000 for vacation-related expenses after six months of employment, aimed at boosting employee satisfaction and retention.
In October 2019, Brad Rencher, formerly a marketing leader at Adobe Inc., assumed the role of CEO. He succeeded co-founder Ben Peterson, who stepped into a co-chairman position alongside Ryan Sanders. This leadership transition underscores BambooHR’s strategic intent to intensify business expansion and strengthen its position in the competitive HR technology market.
Software
BambooHR delivers a cloud-based human resources management platform tailored for businesses. Its user interface includes modules for managing employee records, tracking time off, generating reports, posting job openings, and storing files. The system displays employee photos, contact information, and leave data while facilitating internal communication and team scheduling transparency.
The platform incorporates an applicant tracking system that organizes job postings with details such as hiring managers’ names, applicant volumes, and posting durations. BambooHR enables simultaneous distribution of job advertisements to company career pages as well as external job boards like Glassdoor and Indeed.
Additionally, BambooHR supports administration of employee benefits and offers reporting tools designed to aid compliance with the Affordable Care Act. Although its benefits management capabilities are less extensive than competitors such as Zenefits, the software is recognized for straightforward implementation despite its premium pricing. Other functionalities include performance evaluation tools and an open API that allows integration with additional HR applications. In 2017, BambooHR introduced the BambooHR Marketplace to facilitate third-party developers in offering complementary HR software solutions.
External links
- American companies established in 2008
- Companies based in Utah County, Utah
- Human resource management software
- Online companies of the United States
- Privately held companies of the United States
- Software companies based in Utah
- 2008 establishments in Utah
- Software companies established in 2008
- Business services companies established in 2008
- Companies of the United States by year of establishment