About INSPERITY, INC.

Insperity handles the payroll so you don't have to. The company provides an array of human resources services to small and midsized companies in the US. As a PEO (professional employer organization), Insperity offers payroll and benefits administration, workers' compensation programs, and personnel records management through its flagship Workforce Optimization product. It serves some 100,000 businesses with a combined 2 million employees. It also offers performance and expense management, employment screening, recruiting, and organizational planning services. Most of its client companies are engaged in the administration, financial, manufacturing, and computer services industries.

Operations

Insperity's Workforce Optimization and Workforce Synchronization products encompass a range of HR functions, including payroll, employment administration, employee benefits, compensation, compliance, performance management, and training and development services. It has a cloud-based human capital management platform, Employee Service Center.

Geographic Reach

Insperity has more than 60 Workforce Optimization sales offices serving 25 US markets. Its business in Texas accounts for more than 20% of Workforce Optimization sales, while California represents its second-largest market, accounting for nearly 20%. New York accounts for almost 10%. The company has regional service centers in Atlanta, Dallas, Houston, and Los Angeles. The Northeast is the largest market, accounting for more than 25% of the company's revenue, Southwest (nearly 25%), West (more than 20%), Central (more than 15%), Southeast (about 10%) and remaining by other.

Sales and Marketing

Insperity spent $16.4 million on advertising expenses in fiscal 2016, down from $15.9 million in fiscal 2015. The company serves the industry such as computer and information services; management, administration, and consulting services; finance, insurance, and real estate; manufacturing; wholesale trade; engineering, accounting and legal services; medical services; retail trade; not-for-profit and similar organizations; and construction.

Financial Performance

Insperity's revenue has been trending upward since 2011, and in fiscal 2016 increased to $2.9 billion from $2.6 billion in fiscal 2015. The increase was due to a higher average number of worksite employees paid per month. Net income ticked up to about $66 million in fiscal 2016 from $39.3 million in fiscal 2015 as a result. The strong revenue and net income meant the company's cash from operating grew from $65.0 million in 2015 to $132 million by the end of fiscal 2016.

Strategy

Insperity has implemented cross-selling channels between PEO (professional employer organization) HR outsourcing solutions business and its other products. It aims to use PEO HR Outsourcing to increase market penetration for its other products, as well as using its other products as leads for its PEO HR Outsourcing in return.

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INSPERITY, INC.

19001 Crescent Springs Dr
Kingwood, TX 77339-3802
Phone: 1 (281) 358-8986
Fax: 1 (281) 358-3354

Stats

  • Employer Type: Public
  • Stock Symbol: NSP
  • Stock Exchange: NYSE
  • Chairman and CEO: Paul J. Sarvadi
  • President: Richard G. Rawson
  • Chairman and CEO: Paul J. Sarvadi
  • 2016 Employees: 2,600

Major Office Locations

  • Kingwood, TX

Other Locations

  • Diamond Bar, CA
  • Glendale, CA
  • San Diego, CA
  • San Mateo, CA
  • Walnut Creek, CA
  • Broomfield, CO
  • Denver, CO
  • Kennesaw, GA
  • Downers Grove, IL
  • Rosemont, IL
  • Indianapolis, IN
  • Overland Park, KS
  • Waltham, MA
  • Fulton, MD
  • Minneapolis, MN
  • Saint Louis, MO
  • Charlotte, NC
  • Raleigh, NC
  • Florham Park, NJ
  • New York, NY
  • Nashville, TN
  • Austin, TX
  • Dallas, TX
  • Houston, TX
  • Irving, TX
  • San Antonio, TX
  • Mc Lean, VA
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