Insperity Company Research Report

Company Overview

Name and Mission

Name: Insperity

Mission: Insperity’s tagline, “HR that makes a difference®,” emphasizes the role of human resources as a key driver of growth, contributing to a business’s bottom line. The mission is to improve the success equation of small and midsize businesses so that when businesses thrive, communities prosper.

Foundation and Key People

Founded: 1986

Publicly Traded Since: 1997

Founder: Not specifically mentioned

Key People:

Paul J. Sarvadi: Chairman and CEO

Headquarters and Employees

Headquarters: 19001 Crescent Springs Drive, Kingwood, Texas 77339

Number of Employees: Approximately 150+

Revenue

Revenue: $6.5 billion in 2023

Core Competency

Known For: Insperity is renowned for providing comprehensive human resources solutions that include employee benefits, HR administration and payroll, risk management, HR-related compliance, talent management, and HR support and technology.

Products and Services

Products Offered

1. Full-Service HR for Small Businesses

Fortune 500-level employee benefits

Payroll and HR administration

Risk mitigation and HR-related compliance assistance

Personalized HR and talent management guidance

All-in-one HR technology

2. Full-Service HR for Middle Market Businesses

Competitive employee benefits options

Scalable HR and payroll administration infrastructure

Risk management and HR compliance

Professional HR support and consulting

Advanced workforce technology and analytics

3. Human Capital Management (HCM) and HR Technology Suite

Benefits administration

Automated payroll and HR administration

HR-related compliance tools and support

Workforce management technology

As-needed support from an HR service team

Key Features

Employee Benefits: Offers Fortune 500-level benefits, including medical, dental, and vision insurance.

Risk Management and Compliance: Provides guidance on HR issues and compliance with federal, state, and local regulations.

Talent Management: Includes services like job descriptions, recruitment, performance management, and training programs.

HR Technology: Offers an integrated platform for payroll approval, onboarding, and workforce reporting among other functionalities.

Recent Developments

New Developments in the Company

Strategic Partnership: In February 2024, Insperity announced a strategic partnership with Workday to deliver best-in-class HR services and technology to small and midsize businesses.

New Research: Released a new study on talent strategy in December 2024, highlighting the use of Total Rewards in enhancing business performance.

New Product Launches and Features

Adventures in HR Outsourcing: Launched a video series to help businesses navigate HR outsourcing.

New Partnerships

Partnership with Workday: Key partnership to advance HR solutions for small and midsize businesses.

Conclusion

Insperity, with its mission to enhance and support businesses' HR operations, offers a diverse array of products and services tailored to the needs of small and midsize businesses. It boasts a robust revenue stream of $6.5 billion in 2023, leveraging strategic partnerships and continuously developing its technology and service offerings to maintain its competitive edge in the market. Although specific figures for the number of employees are not disclosed beyond being approximately 150+, Insperity's expansive reach with over 100 locations nationwide exemplifies its significant presence in the HR industry.