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ESTIMATING YOUR COSTS
When assessing the costs of a new HR solution, ask each vendor the following questions:
Implementation
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Is pricing based on the project, or do you charge hourly?
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Are there additional fees for change orders?
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Do implementation costs cover all features, or are they charged by module?
Hidden costs
Will there be extra charges for:
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Training?
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Off-cycle checks or transactions?
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Custom reports and tables?
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Software releases?
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Carrier feed changes?
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New features?
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EOY fees? (W2s, 1095s)
Pricing models
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What factors determine the cost?
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How does billing work—what costs happen when (monthly, year-end, etc.)?
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How does the cost change as our company grows?
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How often do you increase prices?
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