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 60 Workforce Optimization sales offices serving about 25 US markets. Its business in Texas accounts for around 25% of Workforce Optimization sales, while California represents its second-largest market, accounting for 18%. New York accounts for 10%. The company's long-term strategy is to operate approximately 90 sales offices in 40 markets.

It has regional service centers in Atlanta, Dallas, Houston, and Los Angeles. The Northeast, Southwest, and West each account for around 25% of sales, Southeast and Central account for 10% and 15% respectively.

Sales and Marketing

Insperity markets its services through various business promotions and a broad range of media outlets, such as television, radio, newspapers, periodicals, direct mail, and the Internet.

Financial Performance

Insperity's revenue has been trending upward since 2011, and in fiscal 2015 increased 10% to $2.6 billion. The increase was due to a higher average number of worksite employees paid per month. Net income ticked up 41% to $39.3 million as a result. Meanwhile, cash from operating activities fell sharply, from $141.6 million in fiscal 2014 to $65.0 million in 2015 -- a $76.6 million decrease -- relating to accrued worksite employee payroll expense.

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) 348-3708

Stats

  • Employer Type: Public
  • Stock Symbol: NSP
  • Stock Exchange: NYSE
  • Chairman and CEO: Paul J. Sarvadi
  • President and Management Director: 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
  • Irvine, CA
  • San Diego, CA
  • San Mateo, CA
  • Walnut Creek, CA
  • Broomfield, CO
  • Denver, CO
  • Kennesaw, GA
  • Downers Grove, IL
  • Rosemont, IL
  • Waltham, MA
  • Fulton, MD
  • Minneapolis, MN
  • Saint Louis, MO
  • Charlotte, NC
  • Raleigh, NC
  • Florham Park, NJ
  • New York, NY
  • Nashville, TN
  • Austin, TX
  • Houston, TX
  • Irving, TX
  • San Antonio, TX
  • Mc Lean, VA
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