![]() Or you can go for a customized 401 (k) plan, which can be personalized to suit your company goals. With the 401(k) Plan, Insperity assumes responsibility and obligations of plan sponsorship and enables you to stay compliant (taking a lot of the work out of this process). ![]() Many of these services are available at no cost (although some do carry extra charges).įinally, you can help your employees to prepare for retirement using Insperity’s low-cost retirement plan. Employees can access help with addiction and recovery, and all employees (and all members of their household) are eligible for prepaid counseling. This is a useful set of tools that will enable you to assist employees with their emotional well-being as well as their physical health. They also have an Employee Assistance Program. As an employer, you can also contribute to this.Įligible employees are automatically enrolled when they join the company, with coverage amounts equal to that employee’s covered annual earnings. Those funds can also be used for expenses for dependents (depending on eligibility). At the time of writing, employees can contribute up to $2,600 annually. That way, it’s up to them to decide how much of their paycheck they want to set aside. This allows them to pay for health care expenses using pre-tax dollars. Dental and vision coverage is independent of medical coverage, and employees can gain coverage for family members too.Įmployees have a flexible spending account. Medical, dental, and vision are taken care of, with multiple options available to employees, including prescription coverage. Insperity offers a few tools to make managing employee benefits administration easier. Let’s take a look at the main features of Insperity. #Gusto vs namely softwareThe Main Features of Insperity HR Software There is a focus on performance management and company culture, creating strong company ethics that will enable people to climb up the ladder. What is ADP?ĪDP is a suite of HR tools (PEO), with features to make employee onboarding, scheduling, paychecks, and benefits much easier to manage. Insperity offers self-service for employees, allowing them to take control of their onboarding documents, track their hours worked and PTO requests, and view a detailed breakdown of benefits and contributions. There is a focus on helping employees with their Employee Assistance Program. It allows you to manage the HR function, employee benefits administration, admin, payroll, compliance, talent management (talent acquisition), risk management, and more. Insperity is an HR solution (PEO company). Now, let’s take a look at them both in more detail. They both make payroll much easier to manage.They both offer self-service features for employees.They both help you to take control of scheduling and PTO requests.They’re both designed to make compliance a lot easier.There are a lot of similarities between them, too: If you have a very small business under 5 employees, you’ll want to go for ADP as a PEO solution, as Insperity is designed for companies and human resource teams managing at least 5 employees for HR tasks. ![]() ![]() Whereas ADP has more of a focus on helping employees to improve (ADP Workforce), identifying gaps in their experience and skills so that they can work their way up through the company. Employee wellbeing and benefits are, in our opinion, a bit stronger with Insperity than it is with ADP. There are a few differences to think about here, a lot of which will depend on your circumstances and what you want for your business.
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