WASHINGTON, D.C. – Insperity announced that they will invest the $9 million in savings they received from the Tax Cuts and Jobs Act back into their employees, providing them with bonuses ranging from $1,000 to $4,000 per employee.
As their CEO Paul J. Sarvadi said, “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.”
Will Democrats still argue to these workers that their $4,000 bonuses are “crumbs” that deserve to be repealed?
To see Insperity’s full announcement, click here or see below.
To see the growing number of companies increasing wages, investments, jobs, and bonuses because of the Tax Cuts and Jobs Act, click here.
Insperity to Invest $9 Million of Tax Reform Savings in Its Employees
February 9, 2018
HOUSTON–(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.”
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.