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Insperity, Inc. (NSP) is a leading provider of human resources (HR) and business performance solutions, primarily serving small and medium-sized businesses in the United States. Founded in 1986, the company specializes in improving productivity and profitability for its clients by offering comprehensive HR outsourcing services, technology platforms, and additional business solutions. Its core offerings include payroll administration, employee benefits, compliance management, and other HR-related services delivered through a co-employment model.
- PEO HR Outsourcing Solutions - Provides comprehensive HR services, including payroll and employment administration, employee benefits, workers’ compensation, compliance management, and performance management. Delivered through two main offerings:
- Workforce Optimization® - Offers the most extensive HR outsourcing services, including access to the Insperity Premier™ cloud-based platform.
- Workforce Synchronization™ - Targets middle-market clients with a customizable HR solution that includes compliance and administrative services, with optional strategic HR products for an additional fee.
- Workforce Acceleration™ - Delivers traditional payroll and human capital management solutions tailored to client needs.
- Other Business Performance Solutions - Offers additional services such as recruiting, employment screening, retirement services, and insurance services to complement core HR offerings.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Paul J. Sarvadi ExecutiveBoard | Chairman of the Board and Chief Executive Officer | President of the National Association of Professional Employer Organizations; Board Member of NAPEO | Paul J. Sarvadi is the Chairman of the Board and Chief Executive Officer of Insperity, Inc. since August 2003. He co-founded the company in 1986 and previously held leadership roles as Vice President and Treasurer and President. | View Report → |
James D. Allison Executive | Executive Vice President of Finance, Chief Financial Officer & Treasurer | James D. Allison is the Executive Vice President of Finance, Chief Financial Officer & Treasurer at NSP since November 15, 2024. He has been with Insperity since 1997 and held multiple leadership roles including Executive Vice President positions in comprehensive benefits and gross profit operations. | ||
Sean P. Duffy Executive | Senior Vice President of Finance and Accounting | Sean P. Duffy has been serving as the Senior Vice President of Finance and Accounting and principal accounting officer at Insperity (NSP) since November 15, 2024. He previously held the roles of Vice President, Finance and Controller from 2011 and Manager, Accounting and Financial Reporting since 2002, demonstrating a robust career in finance. | ||
Carol R. Kaufman Board | Independent Director | Member of the western region advisory board at FM Global; Member of the University Advisory Board for Boston University; Board Member of the University of St. Andrews American Foundation | Carol R. Kaufman has been an Independent Director at NSP since November 2013 and serves as Chair of the Nominating and Corporate Governance Committee as well as a member of the Compensation Committee. She previously held executive roles at The Cooper Companies, Inc. from October 1995 to April 2018. | |
Eli Jones Board | Class III director | Board member at First Financial Bankshares since January 2022; Board trustee at Invesco Family of Funds since 2016; Marketing Professor and Endowed Chair at Mays Business School since June 2021 | Dr. Eli Jones has served as a Class III director at NSP since December 2020 and previously served on the board from 2004 to June 2016. He also holds active roles as a board member at First Financial Bankshares, a board trustee at Invesco Family of Funds, and as a Marketing Professor and Endowed Chair at Mays Business School. | |
Ellen H. Masterson Board | Independent Director | Independent Director at Westwood Holdings Group; Board of Governors Member at The Doctors Company | Ellen H. Masterson has been an Independent Director at Insperity, Inc. since September 2017 and serves as the Chairperson of the Finance, Risk Management and Audit Committee, bringing extensive financial reporting and governance experience. Previously, she has served on the boards of Westwood Holdings Group and The Doctors Company. | |
John L. Lumelleau Board | Independent Director | Non-Executive Director at Premium Credit Limited; Chairman of the Board at Orchid Underwriters Agency, LLC; Member of the Management Advisory Board at TowerBrook Capital Partners | John L. Lumelleau has served as an Independent Director at NSP since December 2019 and is a member of the Finance, Risk Management and Audit Committee. He brings extensive industry experience from his previous roles as President and CEO of Lockton, Inc. from 2002 to 2017, among other leadership positions. | |
John Morphy Board | Independent Director | John M. Morphy has served as an Independent Director at Insperity, Inc. since May 2016 and brings over 20 years of financial leadership experience, including roles as CFO and vice president in other major companies. | ||
Latha Ramchand Board | Independent Director | Executive Vice President and Chancellor at Indiana University Indianapolis | Dr. Latha Ramchand has been an Independent Director at Insperity, Inc. (NSP) since December 2019. She is a member of the Finance, Risk Management and Audit Committee and concurrently serves as the Executive Vice President and Chancellor at Indiana University Indianapolis since February 2024. | |
Randall Mehl Board | Independent Director | President of Stewardship Capital Advisors, LLC; Board Member at ICF International, Inc.; Board Member at Kforce Inc. | Randall Mehl is an Independent Director at Insperity, Inc. since December 2017 and serves on the Compensation Committee, bringing extensive expertise in technology, equity research, and private equity. He has also held roles at other companies that leverage his strategic and financial insights. | |
Richard G. Rawson Board | Director | Executive Advisory Committee of the Bauer College Board at the University of Houston; National Board of Directors for Genesys Works | Richard G. Rawson has been a Director at NSP since 1989. He previously served as President from August 2003 to May 2018 and held executive roles including Senior Vice President, Chief Financial Officer, and Treasurer. He also contributes externally by serving on the Executive Advisory Committee of the Bauer College Board at the University of Houston and on the National Board of Directors for Genesys Works. | |
Timothy Clifford Board | Lead Independent Director | Executive Chairman and CEO at EMS LINQ, Inc. | Timothy T. Clifford serves as the Lead Independent Director at Insperity, Inc. since October 2016 and brings extensive leadership experience from roles such as president and CEO of Frontline Education and co-founder of Workscape, Inc. | |
W. Philip Wilmington Board | Independent Director, Class I Director, and Member of the Compensation Committee | W. Philip Wilmington has served as an independent director and member of the Compensation Committee at NSP since May 22, 2024, bringing extensive leadership experience from previous roles at Workday, Tidemark Systems, and PeopleSoft. |
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With a significant investment of $62 million in the Workday partnership for 2025, can you provide more detail on when you expect to see a meaningful return on this investment, and what key risks could delay or negatively impact the anticipated benefits?
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Considering that client hiring was nearly flat in 2024 and your 2025 growth projections rely on an improvement in net hiring, how confident are you in these assumptions, and what contingency plans do you have if client hiring does not pick up as expected?
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You've indicated that benefits cost trends are increasing to 5%–6.5% in 2025, higher than the 4.3% in 2024, and that pricing has been adjusted accordingly; how do you anticipate these higher costs and pricing adjustments will affect your competitiveness in attracting new clients and retaining existing ones in a challenging market?
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Can you elaborate on the potential risks associated with your new sales optimization strategy, particularly the reallocation of Business Performance Advisers and staff reductions, and how you plan to mitigate any disruptions to sales momentum or client relationships during this transition?
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While you've seen significant improvements in mid-market client retention partly due to interest in the upcoming Workday solution, what strategies are you employing to maintain high retention rates if there are delays in launching the client tenant, and how are you addressing client concerns in the meantime?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
The company considers its largest national competitors to include the PEO divisions of large business services companies. | |
The company considers its largest national competitors to include the PEO divisions of large business services companies. | |
The company considers its largest national competitors to include other national PEOs. | |
Vensure | The company considers its largest national competitors to include other national PEOs. |
Rippling | The company considers its largest national competitors to include other national PEOs. |
Recent press releases and 8-K filings for NSP.
- Revenue increased 3% to $1.9 billion, driven by a 1% rise in average paid worksite employees to 306,023 in Q1 2025 .
- Adjusted EPS of $1.57 and adjusted EBITDA of $102M (down from $142M) were reported, affected by higher benefits costs and full-quarter investment in the Workday partnership .
- Net income reached $51M with diluted EPS of $1.35, reflecting operational performance pressures .
- Revised guidance now forecasts worksite employee growth between 0.5% and 3% and adjusted EPS from $2.23 to $3.28, with additional forward-looking guidance for Q2 and FY 2025 .
- A 0.7% year-over-year increase in paid worksite employees was noted despite macroeconomic uncertainty and delays in new client initiations .
- The company returned $42M to shareholders through a repurchase of 224,000 shares at $19M and $23M in cash dividends .
- Maintained a strong balance sheet with Adjusted Cash of $124M and working capital of $188M as of March 31, 2025 .