HRM Software Price in Bangladesh: An Inclusive Guide

Human Resource Management (HRM) software is now the norm for business houses here in Bangladesh for automating HR processes, optimizing the handling of HR activities, and greater efficiency. Whether you need payroll handling, leave accounting, or workforce appraisal, the right HRM solution can save tremendous manual work and avoidable errors.

One of the most common business queries is: "How much is HRM software for Bangladesh?" This is dependent upon various parameters like features, business scale, customizations, and the type of deployment (either web/cloud or on-premises). This article will define the HRM software price for Bangladesh and will give business houses the best available solution for their budget.

Factors Affecting the HRM Software Cost in Bangladesh

HRM software varies by the following considerations:

1. Features and Modules

• The more features the HRM has, the bigger the price tag. These features here are some fundamental HRM features:
• Payroll and wage administration
• Employee attendance recording and leave
• Performance appraisal and KPI management
• Recruitment and Induction
  
• Compliance and tax administration
• Employee self-service portal
• Training and Development
  

2. Business Dimension and User Limit

• Small businesses using less labor can support the less expensive HRM packages.
• Large enterprises require complex HRM tools for multiple-user support, automated processes, and connectivity and thus are very expensive.

3. Cloud-Based vs. On-Premises Software

• Cloud-based HRM is available under the subscription mode and is affordable for small business houses.
• On-premises HRM packages require the one-time buy plus the occasional upkeep fee, and thus being expensively bought outright but reasonably priced over the long run.

4. Customization and Integration

• Standard HRM packages with set features are less expensive.
• Due to the cost of integration and development, business-specific custom-made tools will be more costly.

5. Vendor Support and Reputation

• Renowned HRM providers impose heavy costs for high levels of support, security, and dependability.
• Some vendors also make available cheap versions or free versions but with fewer features

 

HRM Software Budget Breakdown for Bangladesh

1. Basic HRM Software (For Smaller Businesses

• Price Range: One-time: BDT 10,000 – BDT 50,000; Monthly: BDT 2000 – BDT 8,000
• Best For: Start-ups and small businesses with small HR demands
• Common Features: Payroll, Employee Data Base, Monitoring Attendance

2. Standard HRM Software (For Mid-Sized

• Price Range: BDT 20,000 – BDT 100,000 (one-time fee) or BDT 2,000 – BDT 10
• Best For: Mid-sized business with 50-500 employees
• Common Features: Automated Payroll, Leave Administration, Employee Appraisal, Monitoring for Compliance

3. Enterprise HRM Software (For Large Corporations

• Price Range: One-time: BDT 100,000 – BDT 500,000; Monthly: BDT 10,000 – BDT 50,000
• Best For: Big business corporations, corporate bodies, MNC
• Common Features: AI analytics, automated HR functions, ERPIR connectivity, tools for greater engagement

Best HRM System in Bangladesh and their Rates

1. HR Sheeba

Price: Starts from a one-time price of BDT 30,000 or BDT 2,000 per month

Features: Payroll administration, Attendance through biometrics, Employee database, Compliance management, Multi-branch integration, and Real-time reporting. We can define it as Mini ERP

Best For: Small and medium-sized businesses and Large businesses with increased security demands

2. ZKTeco HRM

Price: BDT 100,000+ (one-time

Features: Biometric Attendance, Payroll Integration, Real-time Reporting

Best For: Large business organizations with complicated security demands

3. PeoplesHR (Cloud-Based

Price: BDT 5,000 - BDT 50,000 (variable by firm's scale

Features: AI-driven analytics, recruiting administration, multi-branch consolidation

Best For: Large-scale business

4. Kormee HR Software

Price: BDT 25,000 – BDT 150,000 (one-time only) / subscription plans

Features: Custom Payroll Solutions, Monitoring for Compliance, Employee Performance

Best For: Companies with diverse HR needs

 

How to Choose the Most Suitable HRM System for Bangladesh

When selecting HRM software, the following need to be considered:

1. Business Size and Budget: Select the solution best for your business budget and size.
2. Scalability: Ensure the solution is expandable for your business.
3. Ease of use: It must work easily and require less training.
4. Customization Needs: Utilize customized software when your business has distinctive HR policies.
5. Security & Compliance: Ensure the solution complies with the labor regulations and data security guidelines of Bangladesh.
6. Vendor Support and Updates: Choose a good support and regularly updated vendor.

 

HRM software is provided differently by type, business scale, and mode of deployment. Smaller business houses can start from budget HRM software, while larger business houses require high-functionality, on-premises software. HR Sheba, ZKTeco, PeoplesHR, and Kormee HR Software are some good software.

Investing in HRM packages can save business houses time, reduce errors, and make HR efficiency easier. To make the right investment, business houses will need to analyze their own need and budget beforehand.

 

Need HRM for your business?

If you're looking for a secure HRM solution, HR Sheba is here to provide high-functionality HRM software for business organizations conducting business in Bangladesh. We invite you for a demo FREE!