Why Use Insperity PEO Service
Established in 1986, Insperity PEO has helped many companies manage their HR, ultimately leading to a successful business. Insperity PEO is an all-inclusive outsourcing option for the most time-consuming HR tasks and employer liabilities, such as payroll and benefits. While clients have full responsibility and ownership of their organization, this outsourcing HR service acts like a co-employment. The company started with two people sharing a one-room office to a $4.3 billion company with more than 70 offices across the U.S. Insperity believes in providing the best services to their clients that would help them manage costs and minimize risks. Insperity PEO also assists their clients as they learn how to maximize their performance productivity.
Some of the HR services that Insperity PEO offers are:
- Recruiting services
- Insurance services
- HR consulting
- Retirement 401(k)
- Accounting & bookkeeping
- Technology solutions
- Payroll & human capital management suite
- Time clocks & employee scheduling
- Organizational charting
- Compensation plan development
- Performance reviews
- Expense reporting
- Workers training and development
- Job sourcing services
Insperity PEO Price Structure
Insperity PEO Service Plans and Prices
Insperity PEO offers its' full and individual HR services to companies and charges them per-employee. Insperity PEO does not require any long-term contracts. Unlike other PEO services, Insperity PEO allows clients to customize their services plans rather than asking to pay for the full HR service. Insperity PEO does ask its' customers with less than 150 employees to sign a one year contract. However, customers can cancel within 30 days' notice. The service might not be convenient for small-sized businesses as Insperity PEO only offers its' services to companies with five employees at a minimum.
Nevertheless, if customers meet the specific criteria set by Insperity PEO, they can still avail its' services. Customers can avail of bundled services for their companies. For example, they can choose specific HR features required for their business, such as recruiting services, expense management, insurance, and employment screening at an additional price. If customers are looking for individual HR services without partnering with Insperity PEO, they can opt for the Insperity PEO Workforce Acceleration program.
Insperity PEO Service Features
Employee Benefits
With its' affordable health insurance and benefits, customers can easily attract talented clients to work for their company. Employees can also get Fortune 500-level benefits through Insperity PEO. Clients can choose from a range of benefit packages from various insurance carriers, including Insperity PEO's national medical insurance carrier called UnitedHealthcare®. Insperity PEO offers a health savings account through which employees can cover qualified health care expenses. Employees can also save money each year with a flexible spending account through Insperity PEO.
Moreover, eligible employees can pay for specific health care expenses using pre-tax dollars. They can also contribute up to $2,600 annually in their account. With the Insperity 401(k) Plan, Insperity assumes the responsibilities and fiduciary obligations of plan sponsorship. The Insperity PEO 401(k) Plan undercuts average industry fees by 40%-60% as well.
HR Admin and Payroll Services
Insperity PEO offers some of the best HR solutions through which clients can reduce or eliminate the time consuming employee-related paperwork. Insperity PEO works with the company's current HR team to help ensure employee-related business processes and procedures comply with best HR practices in the region. Insperity PEO claims that each HR service team has more than 60 years of professional HR experience combined on average. It also allows customers to create unique payroll data reports in minutes. The 50+ built-in reports are automated and include all the employee data that is synchronized throughout the platform. There is also an option for custom-built reports for certain businesses. Insperity PEO also provides standard payroll processing software with time tracking, attendance, wage garnishments features. This PEO also offers a self-service hub called Insperity Premier™ that gives employees 24/7 access to their employment information. Employees can also view paystubs, W-2s, timesheets, PTO balances. Moreover, they can manage and make changes to benefits and 401(k) plans. Insperity
Risk Mitigation and HR Compliance
Insperity PEO can help companies minimize risks by preventing problems from the beginning only. Insperity PEO also offers complete government compliance assistance through which companies can limit employer-related liability with
proper government reporting, unemployment claims management, wage claims, and audits. With Insperity, companies can gain access to comprehensive and budget-friendly workers' compensation insurance. It also offers administrative support to comply with the Fair Credit Reporting Act and other local ordinances and state and federal employment laws. Insperity PEO will ensure that the company is protected from particular discrimination, employment-related wrongful termination, workplace torts, and sexual harassment claims. Abiding by the standards set by OSHA required training programs, Insperity PEO's safety consultants will develop strategies to cater to workplace hazards and exposures to minimize risks. In terms of employee relations, Insperity HR specialists are available to counsel supervisors on all aspects of an employee's life cycle through interview and selection training, performance management guidance, drug-free workplace policies, liability management training, employee handbooks, and termination assistance.
Insperity PEO Service Integrations
- ExpensAble
- QuickBooks
- MS Dynamics NAV
- NetSuite Accounting
- Cobra Administration
- United Health Care
- Vistage
- ACG
Top 5 Insperity PEO Pros
- The retirement benefits are exceptional
- Unlike other PEO services, Insperity PEO allows clients to customize their services plans rather than asking to pay for the full HR service.
- Offers training and learning material available
- The online platform is well-organized and easy to use
- HR tools are quite efficient and will streamline HR tasks to help manage employees.
Top 5 Insperity PEO Complaints
- The service might not be convenient for really small-sized businesses as Insperity PEO only offers its' services to companies with five employees at a minimum.
- Since the pricing structure and plans aren't readily available online, they might confuse the customers.
- Many customers have reported that the health care options provided by Insperity PEO are limited as it uses only United Healthcare Service.
- Customers claim that Insperity PEO is relatively more costly as compared to other PEO services.
- Some customers have also mentioned that there is no clarity in the services that Insperity PEO provides.