Shareworks vs BerniePortal

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Our analysts compared Shareworks vs BerniePortal based on data from our 400+ point analysis of HR Management Software, user reviews and our own crowdsourced data from our free software selection platform.

Shareworks Software Tool
BerniePortal Software Tool

Product Basics

Shareworks is a comprehensive software solution designed to streamline HR management tasks, particularly focusing on equity plan administration. It is most suited for companies of all sizes that need to manage employee stock options, restricted stock units, and other equity compensation plans efficiently. The platform offers robust features such as real-time reporting, compliance tracking, and seamless integration with payroll systems, making it a valuable tool for HR departments. One of the key benefits of Shareworks is its ability to simplify complex equity management processes, reducing administrative burden and ensuring accuracy. Users appreciate the intuitive interface and the detailed analytics that provide insights into employee engagement and plan performance. Compared to similar products, Shareworks is often praised for its user-friendly design and comprehensive support services. Pricing for Shareworks varies based on the size of the company and the specific features required, typically involving a subscription model with annual payments. This flexibility allows businesses to scale their usage according to their needs, making it a cost-effective solution for managing equity compensation.
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BerniePortal is a cloud-based solution for all talent acquisition, onboarding and management related needs. It helps with applicant tracking, employee onboarding, benefits administration, PTO tracking, time and attendance, compliance, performance management, COBRA administration and 1095-C reporting.

Small and mid-sized enterprises can use it to optimize human resources, enhance employee experience and productivity, and spend time on essential tasks. It also provides payroll integration that enables employers to integrate with several payroll offerings and employee benefits data in payroll. A network of healthcare advisors and brokers nationwide are available for integration.
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$3/User, Monthly
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$40 Monthly
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Tailored to your specific needs
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Product Assistance

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Product Insights

  • Streamlined Equity Management: Simplifies the administration of equity plans, reducing manual errors and saving time for HR teams.
  • Enhanced Employee Engagement: Provides employees with easy access to their equity information, fostering a sense of ownership and motivation.
  • Regulatory Compliance: Ensures adherence to global regulatory requirements, minimizing the risk of non-compliance and associated penalties.
  • Data-Driven Insights: Offers robust reporting and analytics tools, enabling data-driven decision-making and strategic planning.
  • Scalability: Adapts to the needs of growing companies, supporting a wide range of equity plans and participant numbers.
  • Cost Efficiency: Reduces administrative costs by automating complex processes and minimizing the need for manual intervention.
  • Improved Accuracy: Ensures precise tracking and management of equity grants, vesting schedules, and transactions.
  • Global Reach: Supports multinational organizations with features tailored to different countries' tax and legal requirements.
  • Employee Self-Service: Empowers employees to manage their equity plans through a user-friendly portal, reducing HR workload.
  • Integration Capabilities: Seamlessly integrates with other HR and financial systems, ensuring data consistency and reducing duplication of efforts.
  • Audit Readiness: Maintains detailed records and audit trails, facilitating easier and more efficient audits.
  • Customizable Solutions: Offers flexible configurations to meet the unique needs of different organizations and equity plans.
  • Real-Time Updates: Provides real-time updates on equity transactions and valuations, ensuring stakeholders have the most current information.
  • Security and Privacy: Employs advanced security measures to protect sensitive employee and company data.
  • Employee Education: Includes resources and tools to help employees understand their equity plans and make informed decisions.
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  • Less Paperwork: BerniePortal eliminates unnecessary paperwork by letting users access and manage the entire lifecycle of employees on a single portal. 
  • Streamlined Hiring Process: The software provides easy applicant organization throughout the hiring process. This enables users to focus on recruiting top talent and creating a better candidate experience. 
  • Easy Applicant Management: Hiring managers can manage the entire hiring process with ease via applicant tracking pipelines that let them track, filter, move and manage candidates. 
  • Collaborative Decisions: The solution allows users to share internal feedback that leads to better communication and improved collaboration during hiring decisions. 
  • Custom Hiring Stages: Hiring managers and influencers can customize all hiring stages for every job posting of applicants. As a result, applicants can remain informed about unique processes and the company can build a better brand image. 
  • 360-Degree Dashboard: Recruiters gain quick, easy access to all recruiting analytics from any place, anytime, including open jobs and applicant count at every hiring stage. 
  • Increased Visibility: The system centralizes open positions in a company with job board connectivity, making it easy for users to stay informed. It also lets users share feedback and tackle tasks across several channels. 
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  • Equity Plan Management: Comprehensive tools for managing various types of equity plans, including stock options, restricted stock units (RSUs), and employee stock purchase plans (ESPPs).
  • Global Compliance: Ensures adherence to local regulations and tax laws across multiple jurisdictions, reducing the risk of non-compliance.
  • Participant Portal: A user-friendly interface for employees to view and manage their equity holdings, exercise options, and track vesting schedules.
  • Real-Time Reporting: Advanced reporting capabilities that provide real-time insights into equity plan performance, participant activity, and financial impact.
  • Automated Workflows: Streamlines administrative tasks with automated processes for grant issuance, vesting, and option exercises.
  • Integration Capabilities: Seamlessly integrates with HRIS, payroll, and financial systems to ensure data consistency and accuracy.
  • Customizable Dashboards: Personalized dashboards that allow administrators to monitor key metrics and access critical data at a glance.
  • Mobile Access: Mobile-friendly platform enabling participants to manage their equity plans on-the-go via smartphones and tablets.
  • Tax Optimization Tools: Features that help participants and administrators optimize tax outcomes related to equity transactions.
  • Audit Trails: Detailed audit logs that track all changes and transactions, ensuring transparency and accountability.
  • Employee Education Resources: Comprehensive educational materials and tools to help employees understand their equity compensation and make informed decisions.
  • Data Security: Robust security measures, including encryption and multi-factor authentication, to protect sensitive information.
  • Scalability: Designed to accommodate the needs of companies of all sizes, from startups to large enterprises.
  • Support Services: Access to dedicated support teams and resources to assist with implementation, troubleshooting, and ongoing management.
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  • Applicant Tracking: The feature enables hiring managers to access candidate information and email notifications, save time with pre-created templates, collaborate and more, from a single dashboard. 
  • Employee Onboarding: The intuitive platform enables seamless employee onboarding that helps save time, improves employee engagement and retention, and enhances team productivity. It offers automatic email reminders, e-signatures and intuitive self-service to accomplish this. 
  • Benefits Administration: It enables talent managers to attract quality applicants, as well as hire and retain productive employees. Hiring managers can make informed enrollment decisions regarding employee benefits, improve compliance, and perform custom payroll and enrollment reporting. 
  • PTO Tracking: Users can take action on leave requests and paid time off, make custom policies and receive company-wide visibility at a single click. 
  • Time and Attendance: Digital tracking of hours worked leads to improved timesheet accuracy. The feature offers detailed reporting, streamlined time edits and mobile as well as online time tracking. 
  • Compliance: The software helps drive human resource compliance by letting users access important notices, e-sign and compliance documents. They can check requests and reminders and create custom recipient lists. 
  • Performance Management: This feature facilitates enhanced employee engagement. Managers can handle performance related tasks and promote improved employee performance through ongoing communication and feedback, through tools such as a two-way central messaging hub, real-time documentation and reporting. 
  • IRS Reporting: The application helps to generate 1095-C and 1094-C forms to file with the IRS. Users can also import and export data with improved operational accuracy. 
  • Integrations: Major payroll systems and insurance providers offer seamless and efficient integration with the platform at little or no expense. 
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Product Ranking

#121

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HR Management Software

#151

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HR Management Software

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User Sentiment Summary

Good User Sentiment 14 reviews
Great User Sentiment 264 reviews
74%
of users recommend this product

Shareworks has a 'good' User Satisfaction Rating of 74% when considering 14 user reviews from 1 recognized software review sites.

86%
of users recommend this product

BerniePortal has a 'great' User Satisfaction Rating of 86% when considering 264 user reviews from 4 recognized software review sites.

n/a
3.2 (5)
3.71 (14)
4.3 (125)
n/a
4.3 (132)
n/a
4.5 (2)

Synopsis of User Ratings and Reviews

Easy to Use: Users consistently praise Shareworks for its intuitive interface, making it easy to navigate and manage employee equity plans, even for those with limited experience.
Streamlined Administration: Shareworks simplifies the administration of equity plans, automating tasks like grant issuance, vesting calculations, and reporting, freeing up HR teams to focus on other priorities.
Comprehensive Reporting: The platform provides detailed reports on equity plan activity, allowing HR to track key metrics, analyze trends, and make informed decisions about compensation and equity strategies.
Excellent Customer Support: Users consistently highlight the responsiveness and helpfulness of Shareworks' customer support team, providing timely assistance and resolving issues efficiently.
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Streamlined Onboarding: BerniePortal makes it easy for new hires to complete paperwork online before their start date, eliminating the need for manual forms and ensuring a smooth transition into the company.
Centralized PTO Tracking: Employees can easily view their PTO balances, submit time-off requests, and managers can approve requests, all within a unified system.
User-Friendly Interface: BerniePortal is designed with an intuitive layout, making it easy for both HR professionals and employees to navigate and access the features they need.
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Limited Reporting Options: Some users have found the reporting features to be limited, making it difficult to track key metrics like employee engagement or performance.
Steep Learning Curve: The platform can be complex to navigate, especially for new users, requiring significant time investment to master its functionalities.
Lack of Customization: Users have expressed frustration with the limited customization options, making it challenging to tailor the platform to their specific HR needs.
Integration Challenges: Integrating Shareworks with other HR systems can be a cumbersome process, leading to data inconsistencies and potential errors.
Customer Support Issues: Some users have reported difficulties reaching customer support or experiencing long wait times for assistance.
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Manual Data Entry: While BerniePortal collects data, it may require manual entry on the benefit provider's side, potentially causing delays and negating efficiency gains.
Limited Mobile App Functionality: The mobile app has limitations, such as restricted sick day entry and integration issues with other portals, hindering accessibility and convenience.
Integration Challenges: BerniePortal may face limitations in integrating with certain insurance carriers, potentially causing inconvenience and requiring workarounds.
Reporting Limitations: Users have reported difficulties with reporting functions, citing a lack of filters, limited sorting options, and unhelpful formats, making it challenging to extract meaningful insights.
Lack of Passive Enrollment: The absence of passive enrollment features can increase administrative burden, especially for larger employers with frequent enrollment needs.
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Is Shareworks really share-worthy, or does it need a performance review? User reviews from the past year present a mixed bag when it comes to Shareworks. Some users appreciate the platform's intuitive design and robust reporting capabilities, highlighting how it simplifies complex equity plans and provides a clear audit trail. For example, one user praised the software's ability to model different forecasting scenarios, which helped them make informed decisions about their equity compensation. However, other users have voiced concerns about the platform's customer support and occasional technical glitches. One user specifically mentioned experiencing difficulties integrating Shareworks with their existing HRIS system, leading to delays and frustration. This disparity in experiences suggests that Shareworks's suitability hinges on specific needs and expectations. Shareworks seems to be a good fit for publicly traded companies or large private companies with sophisticated equity compensation plans, especially those already familiar with Morgan Stanley's suite of financial services. Its strengths lie in its comprehensive features, detailed reporting, and integration with other Morgan Stanley products. However, smaller businesses or those with simpler equity structures might find the platform's complexity and cost outweigh its benefits. Ultimately, deciding whether Shareworks truly "works" for your organization requires careful consideration of your specific requirements and a thorough assessment of its capabilities against your needs.

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User reviews from the past year paint a generally positive picture of BerniePortal, particularly for small and mid-sized businesses. Users rave about its user-friendly interface, with one reviewer stating, "The program is very simple to use and easy to navigate." This ease of use is a key differentiator for BerniePortal, as many competing HR software solutions are often criticized for being clunky and cumbersome. Another strength highlighted by users is BerniePortal's comprehensive suite of features, covering everything from applicant tracking and onboarding to payroll and benefits administration. This all-in-one approach simplifies HR management for businesses and eliminates the need for multiple software solutions. However, some users have reported limitations with the mobile app's functionality and occasional difficulties integrating with other platforms. While BerniePortal excels in many areas, it's essential to acknowledge these drawbacks. Overall, BerniePortal appears to be a good fit for small and mid-sized businesses looking for an intuitive and feature-rich HR software solution that streamlines HR processes without breaking the bank.

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