Profile: Insperity Inc (NSP.N)
22 May 2015
Insperity, Inc., (Insperity), incorporated on August 9, 1995, is a provider of human resources (HR) and business performance solutions. The Company provides a range of human resource and business solutions. The Company’s HR business offering is provided through its professional employer organization (PEO) known as Workforce Optimization solution. In addition to Workforce Optimization, it offers human capital management, payroll services, time and attendance, performance management, organizational planning, recruiting services, employment screening, financial services, expense management, retirement services and insurance services many of which are offered via desktop applications and software as a service (saas) delivery models. These other products or services are offered separately, in customizable bundles, or along with workforce optimization. The Company’s workforce optimization services include a range of human resources functions, including payroll and employment administration, employee benefits, workers’ compensation, government compliance, and training and development services. The Company’s administrative functions encompass a variety of processing and recordkeeping tasks, mostly 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 provides a variety of personnel management services that give its clients access to resources normally found only in the human resources departments of large companies. The other human resources services it provides 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 and substance abuse awareness training. The Company’s employee service center is a Web-based interactive workforce optimization solution delivery platform, which is designed to provide automated, personalized Workforce Optimization content and services to its clients and worksite employees.
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 a performance management SaaS offering. Insperity PerformSmart has been integrated into its workforce optimization solution and it continues to sell to both workforce optimization and non-workforce optimization customers through online subscription arrangements, packaged software ordered online, and through various reseller arrangements. Its expense management delivers employee expense management solutions that automate employee expense reporting, enforce travel and expense policies, and provide management reporting and analysis.
Its Time and Attendance business unit provides small to medium-sized businesses, including workforce optimization clients, with software, hardware and services to track, allocate, and analyze employee resources and provide inputs into customers’ payroll processing and accounting systems. Its organizational planning facilitates the creation, management and communication of detailed organizational management charts. Its recruiting Services business unit offers 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. It also provides compensation services, behavior-based interview training and talent assessment. These services are provided to both Workforce Optimization customers and non-Workforce Optimization customers.
The Company’s Retirement Services business unit delivers comprehensive 401(k) plan recordkeeping and administrative services to small and medium-sized businesses, primarily to its Workforce Optimization 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. Its Insurance Services business unit offers assistance to small businesses to secure affordable, customizable business insurance packages and life, health and disability insurance policies. Insurance Services also assists individuals in obtaining insurance solutions.
19001 Crescent Springs Dr
KINGWOOD TX 77339