What are our data sources?
We use the data sources on the side for ranking solutions and awarding badges in benefits administration software category. Our data sources in benefits administration software category include;
Benefits administration software helps HR organizations manage employee benefits in line with government regulations. Commonly administered benefits include insurance plans and stock options etc.
If you’d like to learn about the ecosystem consisting of Benefits Administration Software and others, feel free to check AIMultiple People / HR.
AIMultiple is data driven. Evaluate 218 services based on
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calculated based on objective data.
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We use the data sources on the side for ranking solutions and awarding badges in benefits administration software category. Our data sources in benefits administration software category include;
review websites
social media websites
search engine data for branded queries
According to the weighted combination of 7 data sources
Rippling
BambooHR
Vantage Circle
Paylocity
Paycom
Taking into account the latest metrics outlined below, these are the current benefits administration software market leaders. Market leaders are not the overall leaders since market leadership doesn’t take into account growth rate.
Rippling
BambooHR
Vantage Circle
Paylocity
Paycom
These are the number of queries on search engines which include the brand name of the solution. Compared to other People / HR categories, Benefits Administration Software is more concentrated in terms of top 3 companies’ share of search queries. Top 3 companies receive 64%, 100% less than the average of search queries in this area.
91 employees work for a typical company in this solution category which is 70 more than the number of employees for a typical company in the average solution category.
In most cases, companies need at least 10 employees to serve other businesses with a proven tech product or service. 143 companies with >10 employees are offering benefits administration software. Top 3 products are developed by companies with a total of 100k employees. The largest company building benefits administration software is ActionTrac with more than 70,000 employees.
Taking into account the latest metrics outlined below, these are the fastest growing solutions:
Rippling
BambooHR
Vantage Circle
Paylocity
Paycom
We have analyzed reviews published in the last months. These were published in 4 review platforms as well as vendor websites where the vendor had provided a testimonial from a client whom we could connect to a real person.
These solutions have the best combination of high ratings from reviews and number of reviews when we take into account all their recent reviews.
This data is collected from customer reviews for all Benefits Administration Software companies. The most positive word describing Benefits Administration Software is “Easy to use” that is used in 12% of the reviews. The most negative one is “Difficult” with which is used in 3.00% of all the Benefits Administration Software reviews.
According to customer reviews, most common company size for benefits administration software customers is 51-1,000 employees. Customers with 51-1,000 employees make up 42% of benefits administration software customers. For an average People / HR solution, customers with 51-1,000 employees make up 24% of total customers.
These scores are the average scores collected from customer reviews for all Benefits Administration Software. Benefits Administration Software is most positively evaluated in terms of "Overall" but falls behind in "Likelihood to Recommend".