Profile: Insperity Inc (NSP.N)
3 Dec 2013
Insperity, Inc., formerly Administaff, Inc., 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. The Company’s primary services include workforce optimization, MidMarket solutions, performance management, expense management, time and attendance, organizational planning, recruiting services, employment screening, retirement services and business insurance services. These products or services are offered separately, as a bundle, or along with Workforce Optimization. In November 2012, the Company's Insperity Time and Attendance acquired the Sage TimeSheet solution from Sage North America.
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. Its 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 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.
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 Business Insurance business unit, through alliances with selected third-party insurance carriers, allows small businesses to secure affordable, customizable business insurance packages.
19001 Crescent Springs Drive
KINGWOOD TX 77339