Profile: Insperity Inc (NSP.N)
Insperity, Inc. (Insperity), incorporated on August 9, 1995, provides an array of human resources (HR) and business solutions. The Company's HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together, its professional employer organization (PEO) HR Outsourcing solutions), which encompass a range of human resources functions, including payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services. In addition to its PEO HR Outsourcing solutions, the Company offers human capital management, payroll services, time and attendance, performance management, organizational planning, recruiting services, employment screening, financial and expense management services, retirement services and insurance services, many of which are offered through desktop applications and cloud-based delivery models.
The Company's PEO HR Outsourcing solutions include benefits and payroll administration; health and workers' compensation insurance programs; personnel records management; employer liability management; assistance with government compliance, and general HR advice. Its workforce optimization solution also provides additional services, including employee recruiting and support; employee performance management, and training and development services. The Company's administrative functions encompass a range of processing and recordkeeping tasks, related to payroll administration and government compliance, which include payroll processing, payroll tax deposits, quarterly payroll tax reporting, employee file maintenance, unemployment claims processing and workers' compensation claims reporting.
The Company maintains a range of benefit plans, including a group health plan, a health savings account program, a healthcare spending account plan, an educational assistance plan, an adoption assistance plan, group term life insurance, group universal life insurance, accidental death and dismemberment insurance, short-term and long-term disability insurance, and cafeteria plans for group health and health savings account contribution. The group health plan includes medical, dental, vision and prescription drug coverage, as well as a work-life program. The Employee Service Center (ESC) is its cloud-based human capital management platform for its PEO HR Outsourcing solutions. The Company provides a range of personnel management services that give its clients access to HR advisors and additional resources normally found only in the human resources departments of large companies. Its other personnel management services include drafting and reviewing personnel policies and employee handbooks, designing job descriptions, performing prospective employee screening and background investigations, designing performance appraisal processes and forms, professional development and issues-oriented training, employee counseling, substance abuse awareness training, outplacement services and compensation guidance.
The Company provides first-time and ongoing safety-related risk management reviews, as well as the implementation of safety programs designed to reduce workplace accidents and workers' compensation claims. It also provides guidance to clients for avoiding discrimination, sexual harassment and civil rights violations, and assists with termination decisions when consulted to attempt to minimize liability on those grounds. Insperity's MarketPlace is an e-commerce portal that provides a range of products and services to its clients, worksite employees and their families. Through MarketPlace, its clients also offer their products and services to other clients and worksite employees.
Insperity HCM is a human capital management solution for human resources data and processes. The cloud-based solution is a unified human resources suite that includes payroll processing, payroll tax compliance, employee administration, benefits management and enrollment, reporting and analytics, and employee and manager self-service. The solution is offered as a stand-alone cloud-based solution or in conjunction with the Company's payroll services offering and/or its Time and Attendance products.
Insperity Payroll Services offers a cloud-based payroll solution that is designed to help alleviate administrative burdens associated with payroll processing and government-related compliance and includes a support from its service team. The payroll solution is integrated with approximately three additional offerings, including Insperity NetSaver, an online 401(k) solution for small businesses; a pay-as-you-go workers' compensation program, and HR Essentials, an HR platform that assists companies with tracking employee data, milestones and company property.
The Company's Time and Attendance products and services provide small to medium-sized businesses with software, hardware and services to track, allocate and analyze employee resources and provide inputs into clients' payroll processing and accounting systems. The service is delivered as a cloud-based solution or as an on-premise client-server solution.
The Company's performance management business provides human resources software offerings, including a suite of desktop products: Insperity Descriptions Now, Insperity Policies Now, Insperity Performance Now and Insperity Ultimate Employer, along with Insperity PerformSmart, which is a performance management cloud-based offering. Insperity PerformSmart is available to its Workforce Optimization and Workforce Synchronization clients for an additional fee.
The Company's organizational planning facilitates the creation, management and communication of detailed organizational management charts. Its Recruiting Services offer direct hire placement on an as-needed basis and provides outsourced support for individual requisitions or large-scale hiring projects. In addition, it provides consulting services to assist in the creation and maintenance of consistent hiring practices and retention strategies. The Company also provides compensation services, behavior-based interview training and talent assessment. Its Employment Screening services offer a customized approach to background-check reporting for companies. Its services include criminal records checks; verification of employment history or education; driving record, civil record and credit history checks, and confirmation of extraordinary credentials. Insperity Financial Solutions offers a suite of financial management tools and solutions for small to medium-sized companies. Its core products and services include Insperity Reveal, a Web-based financial dashboard and toolset, and an online bookkeeping and controller service offered through an alliance with a third party. Its Expense Management product delivers employee expense management solutions that automate employee expense reporting, enforce travel and expense policies, and provide management reporting and analysis.
The Company's retirement services business unit delivers 401(k) plan recordkeeping and administrative services to small and medium-sized businesses, to its PEO HR Outsourcing solutions clients. Services include employee education and enrollment, participant communications, elective deferral withholding and transmission, matching contribution calculation, loan and distribution processing, regulatory filing preparation and nondiscrimination testing. The Company's Insurance Services solutions offer assistance to small and medium-sized businesses to secure customizable business insurance packages and life, health and disability insurance policies. Insurance Services also assists individuals in obtaining insurance coverages.
The Company competes with Automatic Data Processing, Inc., Paychex, Inc. and TriNet Group, Inc.
19001 Crescent Springs Dr
KINGWOOD TX 77339