When it comes to choosing a payroll and HR solution for your business, there are a lot of options out there. Two of the most popular options are Factorial and Insperity. Both of these options offer a lot of features and benefits, but they also have some key differences that you should be aware of before making a decision. In this article, we'll take a closer look at Factorial and Insperity, compare and contrast their features and benefits, and help you decide which one is right for your business.

Overview of Factorial

Factorial is a cloud-based payroll and HR solution that offers a comprehensive suite of features to small and medium-sized businesses. Their core features include payroll, benefits administration, performance management, and time and attendance tracking. Factorial is designed to be user-friendly and easy to use, with a self-service portal for employees and an intuitive interface for employers. They also offer a team of experts who can help you get the most out of their platform.

Overview of Insperity

Insperity is a cloud-based payroll and HR solution that offers a comprehensive suite of features to small and medium-sized businesses. Their core features include payroll, benefits administration, performance management, and time and attendance tracking. Insperity is designed to be user-friendly and easy to use, with a self-service portal for employees and an intuitive interface for employers. They also offer a team of experts who can help you get the most out of their platform.

Key Differences

Pricing

Factorial offers a subscription-based pricing model, with three different plans to choose from. Their Basic plan starts at $39 per month, their Standard plan starts at $59 per month, and their Premium plan starts at $79 per month. Insperity offers a subscription-based pricing model as well, with four different plans to choose from. Their Basic plan starts at $45 per month, their Standard plan starts at $65 per month, their Professional plan starts at $85 per month, and their Enterprise plan starts at $105 per month.

Features

One of the key differences between Factorial and Insperity is the features that they offer. While both platforms offer a comprehensive suite of payroll and HR features, Factorial offers a few additional features that Insperity does not. These include an employee self-service portal, an AI-powered chatbot, and a mobile app. Insperity does offer a few features that Factorial does not, such as an onboarding module and a career development tool.

Ease of Use

Another key difference between Factorial and Insperity is ease of use. Both platforms are designed to be user-friendly and easy to use, but Factorial takes it a step further with their AI-powered chatbot and mobile app. These two features make it even easier for employers and employees to use their platform, and make it one of the most user-friendly payroll and HR solutions on the market.

Customer Support

Both Factorial and Insperity offer excellent customer support, with a team of experts who are always available to help you. However, Factorial takes it a step further with their AI-powered chatbot. This chatbot is available 24/7 to answer any questions you may have about their platform, and can even help you troubleshoot any issues you may be having. Insperity does offer a live chat option, but it is only available during business hours.

Conclusion

Factorial and Insperity are both excellent payroll and HR solutions for small and medium-sized businesses. They both offer a comprehensive suite of features, an easy-to-use platform, and excellent customer support. However, there are some key differences between the two platforms. Factorial is a bit more expensive than Insperity, but they offer a few additional features, such as an AI-powered chatbot and a mobile app. Insperity is a bit less expensive than Factorial, but they offer a few additional features, such as an onboarding module and a career development tool. Ultimately, the decision of which platform to choose comes down to your specific needs and preferences.