Profile: Insperity Inc (NSP.N)
22 Mar 2017
Insperity, Inc. (Insperity), incorporated on August 9, 1995, provides a range 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, along with its cloud-based human capital management platform, the Employee Service Center (ESC). In addition to its PEO HR Outsourcing solutions, the Company offers various other business performance solutions, including 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, which are offered through desktop applications and cloud-based delivery models. These other products and services are offered separately, along with its PEO HR Outsourcing solutions or as a bundle, such as its Workforce Administration solution that provides a human capital management and payroll service solution.
The Company serves small and medium-sized businesses by providing its PEO HR Outsourcing solutions, which encompass a range of services. Both of its PEO HR Outsourcing solutions offer benefits and payroll administration; health and workers' compensation insurance programs; personnel records management; employer liability management; assistance with government compliance; general HR advice, and access to the ESC for employees, managers and client owners. 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 regulatory compliance, which include payroll processing, payroll tax deposits, quarterly payroll tax reporting, employee file maintenance, unemployment claims processing, and workers' compensation claims reporting and monitoring.
The Company maintains various benefit plans for eligible worksite employees, including a group health plan, a health savings account program, a healthcare flexible spending account plan, an educational assistance program, an adoption assistance program, 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 contributions. The group health plan includes medical, dental, vision and prescription drug coverage, as well as a work-life program. The ESC is its cloud-based human capital management platform for its PEO HR Outsourcing solutions. It provides role-based access to a range of human capital management functions, along with personalized content to the managers, owners and worksite employees of its PEO HR Outsourcing solutions clients.
For managers and client owners, the Company provides WebPayroll for the submission, approval and reporting of payroll data; tools to manage the onboarding of new employees; employee administration functions, such as viewing or changing information about employees; access to client-specific compliance-related information relevant to various HR areas; a reporting and analytics tool to create, view, save and export reports and data about employees; ability to manage employee time and attendance information, absences and paid time off; access to Talent Management tools in the areas of recruiting, performance management and learning management, and access to a library of online human resources forms, among others. For worksite employees, it provides access to view, edit and change a range of employee profile information; employee-specific benefits content, including summary plan descriptions and enrollment status; e-Learning Web-based training; performance management tools, including self-reviews and review history, and ability to submit time and attendance information, absences and paid time off requests, among others.
The Company provides a range of personnel management services that give its clients access to HR advisors and additional resources. All PEO HR Outsourcing solutions clients have access to its advice concerning personnel policies and practices, including recruiting, discipline and termination procedures. It provides other personnel management services, which 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 counselling; 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 by its clients of safety programs designed to reduce workplace accidents and, consequently, workers' compensation claims. The Company also provides guidance to clients for avoiding discrimination, sexual harassment and civil rights violations. The Company's MarketPlace is an e-commerce portal that brings a range of products and services to its clients, worksite employees and their families. Through MarketPlace, which is provided through the ESC, its clients also have the opportunity to offer their products and services to other clients and worksite employees. It offers Insperity Workforce Administration solution, a human capital management and payroll services solution. This cloud-based solution is a human resources suite that includes payroll, HR administration and employee onboarding, benefits administration, performance management, time and attendance and other HR tools, as well as reporting and analytics.
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. For customers utilizing the Time and Attendance solution in conjunction with its PEO HR Outsourcing solutions, it provides access through the ESC. Its Performance Management products and services provide 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, a performance management cloud-based offering. Insperity PerformSmart is available to both its Workforce Optimization and Workforce Synchronization clients.
The Company's Organizational planning offers cloud-based and desktop software used by companies to facilitate 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, the Company provides consulting services to assist in the creation and maintenance of consistent hiring practices and retention strategies. It 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. Services include criminal records checks; verification of employment history or education; driving record, civil record and credit history checks, and confirmation of extraordinary credentials.
The Company's 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 service is delivered both as a cloud-based solution and as a desktop software product. Its Retirement Services solutions deliver 401(k) retirement plan recordkeeping and administrative services to small and medium-sized businesses. Its services include employee education and enrollment, participant communications, elective deferral withholding and transmission, matching contribution calculation, loan and distribution processing, regulatory filing preparation and non-discrimination testing. Its Insurance Services solutions offer assistance through its licensed insurance agency to small and medium-sized businesses.
The Company competes with Automatic Data Processing, Inc., Paychex, Inc. and TriNet Group, Inc.
19001 Crescent Springs Dr
KINGWOOD TX 77339