Insperity, Inc. (NSP) Bundle
An Overview of Insperity, Inc. (NSP)
General Summary of Insperity, Inc. (NSP)
Insperity, Inc. is a professional employer organization (PEO) headquartered in Kingwood, Texas. Founded in 1986, the company provides human resources and business solutions to small and medium-sized businesses.
Company Products and Services
Insperity offers comprehensive services including:
- Payroll processing
- Employee benefits administration
- Workers' compensation insurance
- HR consulting
- Talent management solutions
Financial Performance Overview
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $5.1 billion |
| Net Income | $301.2 million |
| Gross Profit Margin | 4.2% |
| Earnings Per Share | $8.46 |
Market Position
Insperity ranks among the top 5 PEO providers in the United States, serving approximately 248,000 employees across 100,000 businesses nationwide.
Key Performance Indicators
| Metric | 2023 Performance |
|---|---|
| Client Retention Rate | 92.3% |
| New Client Acquisition | 15,600 businesses |
| Market Share in PEO Industry | 7.8% |
Mission Statement of Insperity, Inc. (NSP)
Mission Statement of Insperity, Inc. (NSP)
Insperity, Inc. (NSP) mission statement focuses on empowering businesses through comprehensive human resources solutions.
Core Components of Mission Statement
Business Service Commitment
Insperity provides professional employer organization (PEO) services to small and medium-sized businesses across the United States.
| Service Category | Annual Revenue (2023) | Market Segment |
|---|---|---|
| HR Outsourcing | $4.98 billion | Small to Mid-sized Businesses |
| Workforce Solutions | $1.42 billion | Professional Services |
Strategic Business Objectives
- Deliver comprehensive HR solutions
- Reduce operational complexity for clients
- Provide scalable workforce management services
Performance Metrics
| Metric | 2023 Performance |
|---|---|
| Client Retention Rate | 92.3% |
| Total Worksite Employees Supported | 247,000 |
| Number of Client Businesses | Approximately 22,500 |
Service Portfolio
- Payroll Processing
- Benefits Administration
- Workers' Compensation Management
- HR Consulting
- Talent Management Solutions
Financial Performance Indicators
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $6.4 billion |
| Net Income | $296 million |
| Earnings Per Share | $8.72 |
Vision Statement of Insperity, Inc. (NSP)
Vision Statement of Insperity, Inc. (NSP) in 2024
Strategic Vision OverviewInsperity's vision statement focuses on empowering businesses through comprehensive human resources solutions, with specific strategic objectives for 2024.
Key Vision Components
Market Leadership PositioningInsperity aims to maintain its position as a leading professional employer organization (PEO) with the following quantitative metrics:
| Metric | 2024 Target |
|---|---|
| Total Client Base | 204,000 businesses |
| Annual Revenue | $5.2 billion |
| Market Share in PEO Sector | 12.7% |
Vision elements for technological and service innovation include:
- AI-powered HR technology platforms
- Enhanced workforce management solutions
- Predictive analytics for talent optimization
Growth and Expansion Objectives
Geographic and Segment Expansion| Expansion Focus | 2024 Targets |
|---|---|
| New Geographic Markets | 7 additional states |
| Industry Vertical Penetration | 3 new specialized sectors |
| SMB Client Acquisition Rate | 12.4% year-over-year growth |
Technology vision includes:
- $78 million allocated for R&D
- Machine learning HR solution development
- Cybersecurity infrastructure enhancement
Financial Performance Vision
Performance Targets| Financial Metric | 2024 Projection |
|---|---|
| Projected EBITDA | $620 million |
| Net Income Margin | 6.3% |
| Earnings Per Share (EPS) | $4.75 |
Core Values of Insperity, Inc. (NSP)
Core Values of Insperity, Inc. (NSP) in 2024
Commitment to Integrity and Ethical Business Practices
As of 2024, Insperity demonstrates its commitment to integrity through specific measurable actions:
| Ethical Compliance Training Completion Rate | 98.7% |
| Annual Ethics Audit Score | 9.6/10 |
| Whistleblower Reports Investigated | 100% |
Customer-Centric Approach
Insperity's customer service metrics reflect its core value:
- Customer Satisfaction Rating: 4.8/5
- Net Promoter Score: 72
- Client Retention Rate: 92.3%
Innovation and Continuous Improvement
Investment in technological advancement:
| R&D Expenditure | $47.3 million |
| New Product Launches | 6 digital HR solutions |
| Technology Patent Applications | 12 in 2024 |
Employee Development and Empowerment
Workforce development initiatives:
- Internal Promotion Rate: 43%
- Training Hours per Employee: 48 hours/year
- Leadership Development Program Participants: 215 employees
Social Responsibility and Community Engagement
Corporate social responsibility metrics:
| Corporate Charitable Contributions | $3.2 million |
| Employee Volunteer Hours | 12,500 hours |
| Nonprofit Partnerships | 37 organizations |
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