Insperity Inc was formed in Delaware in April 1986. The Company is engaged in providing human resources (HR) and business solutions designed to help improve business performance. The Company's HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together, PEO HR Outsourcing solutions) which includes human resources functions, including payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services, along with its cloud-based human capital management platform, the Employee Service Center. The Company's Workforce Synchronization solution is offered only to its mid-market client segment, including the same compliance and administrative services as its Workforce Optimization solution and makes available, for an additional fee, the strategic HR products and organizational development services that are included with Workforce Optimization solution. In addition to PEO HR Outsourcing solutions it offers number of other business performance solutions, including Human Capital Management, Payroll Services, Time and Attendance, Performance Management, Organizational Planning, Recruiting Services, Employment Screening, Financial and Expense Management services, Retirement Services and Insurance Services, many of which are offered via desktop applications and cloud-based delivery models. It provides PEO HR Outsourcing solutions by entering into a co-employment relationship with its clients, under which Insperity and its clients each take responsibility for certain portions of the employer-employee relationship. The Company's PEO HR Outsourcing solutions also include other human resources functions for its clients to support the effective and efficient use of personnel in their business operations. The Company's competitors include PEO divisions of business services companies such as Automatic Data Processing, Inc. and Paychex, Inc., and other PEOs, such as TriNet Group, Inc. As an employer, the Company is subject to federal statutes and regulations governing the employer/employee relationship.
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