Implementation and Maintenance
The selected HR software determines the price model. For a cloud solution, there are monthly fees based on the number of users (e.g. for 500 employees: €2,500 per month, adding up to €30,000 per year).
For on-premise solutions, however, there is often a one-time license fee, e.g. €20,000. However, there are additional costs for maintenance, operation, and further development that the company’s own employees will have to assume.
Taking All Costs Into Account
A serious cost comparison is only possible if the total cost of ownership is taken into account. Basically, cloud solutions are more economical for small businesses. With increasing business size, the requirements are often so individual that there is no other option but to have your HR software set up by external experts.