Insperity PEO Review – Best PEO for Your Small Business

This unbiased Insperity PEO review highlights one of the best HR outsourcing companies in the industry and how your small business can benefit from working with them. According to the National Association of Professional Employer Organizations, there are more than 800 PEOs in the United States. With so many PEOs to choose from, it’s almost impossible to know which company could be the right choice for your small business. Over the years, we have worked with many of these companies, and in our opinion, there is only one company that stands out above the rest. Here’s what you need to know about working with Insperity.

What is a PEO (Professional Employer Organization)?

A PEO is a company that partners with companies to provide comprehensive human resources (HR) services. These services include: employee benefits, payroll, workers’ compensation, staffing, risk/safety management, employee training/development, and most importantly, compliance with state and federal laws.

The concept of a PEO has been around for over 30 years. PEOs give small businesses access to the benefits of large corporations and help them address the issues they consistently report as their top concerns: health care, taxes, and regulation.

A common misconception among most business owners is that they fear a PEO will replace their HR department, but this couldn’t be further from the truth. The PEO works in harmony with the HR department making difficult tasks easier. Thus saving the employer money.

“PEOs provide access to more HR services at a lower cost of about $450 per employee,
Compared to companies that manage their HR services in-house.”

Source: National Association of Professional Employer Organizations, 2016 Key Findings

Who is negligent?

Insperity was founded in 1986 by CEO Paul Sarvadi. Mr. Sarvadi envisioned making the lives of business owners easier by removing the HR and administrative burdens from their shoulders. So, he decided to start a company with just over 600 square feet of office space and one phone.

Since 1986, the company has grown to become one of the largest PEO companies in the industry. Insperity has more than 60 offices across the United States and more than 2,700 employees. Insperity serves more than 100,000 companies with more than 2 million employees. The company is publicly traded on the New York Stock Exchange under the symbol nsp It generated profits of nearly $3 billion in 2017.

Insperity provides management convenience, better benefits, reduced responsibilities, and a systematic way to improve productivity with its leading Workforce Optimization solution. Additional company offerings include human capital management, payroll services, time and attendance, performance management, organizational planning, staffing services, employment screening, financial services, expense management, retirement services and insurance services.

Insperity Reviews

The company has an A+ rating from the Better Business Bureau and several online rating services give Insperity top ratings as a PEO provider. Insperity is also accredited by the Internal Revenue Service (IRS) and the Employer Security Services Corporation. Not many PEOs receive these endorsements, so this makes Insperity one of the most prestigious PEOs on the market.

Services provided by Insperity

Insperity provides robust HR services to companies with at least 5 employees and up to 5,000 employees. Their competitive pricing and flexible contract arrangements make them competitive with some of the biggest names in the industry like ADP and PayChex.

Here is a list of some of the services offered by Insperity that can help your business grow and save money:

Insurance benefits:

Insperity offers low-cost health insurance benefits through an exclusive arrangement with UnitedHealth Care. The monthly premium structure for most businesses saves 20% more than traditional small business health insurance.
Other insurance benefits include vision, dental, workers’ compensation, group life, and group disability.

Employment screening:

Insperity offers a very robust employee screening process that can help business owners hire high-quality employees. Common screening options include: Social Security number verification, criminal check, driving records, employment/reference check, and drug testing.

Human Resources:

Insperity offers robust HR management services, including recruitment and onboarding resources, online training, handbook and policy development, performance management, severance and dispute assistance, compensation resources and tools, wage and salary surveys, and leadership development.

Bookkeeping and Accounting:

PEO provides online payroll processing and software. In addition to payroll services, Insperity includes W-2 preparation, attendance tracking, vacation and sick time tracking, paid time off accrual, wage garnishments, and payroll administration reporting.

compliance:

Overlooking business laws and regulations or not following proper protocol can lead to lawsuits and costly penalties. Insperity can help you adhere to the correct policies and practices in place to help limit your liability. Compliance services include: Evaluating HR compliance, policies and procedures. Provide management training and assistance to control workers’ compensation expenses. Compliance with the Affordable Care Act (ACA).

Insperity PEO for your small business

Insperity works with brokers like us to introduce business owners to their services. If Insperity is a good fit for your company, it will provide you with a team of experts to handle your HR, benefits, payroll, and risk management needs. You can work with these experts to develop HR policies, find appropriate benefits plans and address compliance issues.

Insperity does not require long-term contracts and business owners can cancel their service by providing written notice within 30 days. Although there is a minimum of 5 employees to hire Insperity, they only charge per employee instead of taking a percentage of total payroll like other PEOs.

If you are interested in learning more about Insperity or would like to meet with a specialist, please contact us or call: 914-633-1717.