Insperity to Invest $9 Million of Tax Reform Savings in Its Employees
February 09 2018 - 8:00AM
Business Wire
Insperity, Inc. (NYSE: NSP), a leading provider of human
resources and business performance solutions for America’s best
businesses, today announced one-time bonuses to its employees made
possible through the U.S. tax reform act recently signed into law.
The amount of the bonuses will range from $1,000 to $4,000 per
employee dependent upon the employee’s tenure with the company.
These bonuses total approximately $9 million and will not be
awarded to the management team and other senior leaders.
“Our employees are our most important asset and the reason we’ve
been able to consistently offer a premium service offering to our
clients and worksite employees, and achieve extraordinary financial
results for our shareholders,” said Paul J. Sarvadi, Insperity
chairman and chief executive officer. “We are pleased to reward
them for their dedication and hard work over the years, while also
investing in our business for continued success.”
“We believe the passage of tax reform is positive news and
should provide for stronger growth of Insperity, the small business
community and the broader U.S. economy. These one-time bonuses will
be excluded from our reported 2018 Adjusted EBITDA and Adjusted EPS
results.”
About Insperity
Insperity, a trusted advisor to America’s best businesses for
more than 31 years, provides an array of human resources and
business solutions designed to help improve business performance.
Insperity® Business Performance Advisors offer the most
comprehensive suite of products and services available in the
marketplace. Insperity delivers administrative relief, better
benefits, reduced liabilities and a systematic way to improve
productivity through its premier Workforce Optimization® solution.
Additional company offerings include Human Capital Management,
Payroll Services, Time and Attendance, Performance Management,
Organizational Planning, Recruiting Services, Employment Screening,
Expense Management, Retirement Services and Insurance Services.
Insperity business performance solutions support more than 100,000
businesses with over 2 million employees. With 2016 revenues of
$2.9 billion, Insperity operates in 68 offices throughout the
United States. For more information, visit
http://www.insperity.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20180209005049/en/
Insperity, Inc.Investor Relations Contact:Douglas
S. Sharp, 281-348-3232Senior Vice President of Finance,Chief
Financial Officer and TreasurerorNews Media Contact:Suzanne
Haugen, (281) 312-3543Public Relations
Managersuzanne.haugen@insperity.com
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