Small business owners are awaiting encouraging economic signs
that justify increased business activity, according to the most
recent Business Confidence Survey released today by Insperity, Inc.
(NYSE: NSP), a leading provider of human resources and business
performance solutions for America’s best businesses. In support of
this status quo position, when asked how they are managing the
number of company employees, 28 percent said they are adding new
positions, unchanged from the last quarter; 63 percent are
maintaining current staffing levels, versus 65 percent in July; and
9 percent are laying off employees, up from 7 percent in the prior
quarter.
Insperity also announced compensation metrics from its base of
more than 5,700 small and medium-sized Workforce OptimizationTM
clients. Compared to the 2011 third quarter data, average
compensation is up 1.6 percent, and bonuses are up 0.4 percent.
Average commissions received by worksite employees reflected an
increase of 1.6 percent versus a 5.2 percent increase in the second
quarter of 2012. Overtime pay is still low at 9.5 percent of
regular pay, under the 10 percent level that generally indicates a
need for additional employees, but up from 9.3 percent last quarter
and 8.6 percent in the first quarter of 2012.
In the survey, 71 percent of owners and managers of small and
medium-sized businesses said that they are either meeting or
exceeding their 2012 performance plans, very similar to 69 percent
in the last survey; meanwhile, 29 percent report that they are
doing worse than expected, close to the 31 percent response in
July, but still a notable increase from 24 percent in the April
survey. More than 40 percent are unsure about the timing of an
economic rebound compared to 45 percent in the July survey.
“With the exception of plans to increase employee compensation
in the next few months, business owners are standing firm awaiting
the results of the 2012 election,” said Paul J. Sarvadi,
Insperity’s chairman and chief executive officer. “Importantly,
concerns about the impending fiscal cliff and its wide-ranging
economic effects were certainly evident in answers to our
open-ended survey questions.”
The economy once again leads the list of short-term concerns of
business owners at 72 percent versus 74 percent last July;
government health care reform remains second on the list at 52
percent, followed by rising health care costs at 50 percent versus
46 percent previously; and hiring the right people rose to fourth
place at 42 percent.
For the list of longer-term concerns, 69 percent indicate they
are either very concerned or have elevated concerns about the
federal deficit and the total national debt; 66 percent rank the
economy as their second concern; followed by potential tax
increases at 65 percent and government expansion and its effect on
business at 64 percent.
When asked about their pipelines for new business through March
2013, 52 percent of survey respondents expect a sales increase,
nearly the same as the 51 percent reported in July; 34 percent
anticipate no change; 7 percent predict decreasing sales, down from
9 percent last quarter; and 7 percent are unsure, versus 5 percent
in July.
The survey results show that 53 percent of participants expect
to maintain employee compensation at current levels through March
2013, versus 66 percent in July; 29 percent plan increases, a
significant increase from 19 percent in the last survey; 3 percent
expect decreases; and 15 percent are unsure.
Concerning their current profit-generating activities, 67
percent listed both increased service to existing clients and
selling new accounts as the leading strategies. This was followed
by 44 percent saying they were adding new services or products; and
30 percent listing negotiating with vendors.
Insperity conducted the survey Oct. 9-15, 2012, of chief
executive officers, chief financial officers and other executives
in a variety of industries from its more than 5,700 Workforce
OptimizationTM clients throughout the United States. The overall
sampling error of the national survey is +/- 4.5 percent at the 95
percent confidence level.
Insperity, a trusted advisor to America’s best businesses for
more than 26 years, provides an array of human resources and
business solutions designed to help improve business performance.
InsperityTM 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,
Financial Services, Expense Management, Retirement Services and
Insurance Services. Insperity business performance solutions
support more than 100,000 businesses with over 2 million employees.
With 2011 revenues of $2 billion, Insperity operates in 56 offices
throughout the United States. For more information, visit
http://www.insperity.com.
The statements contained herein that are not historical facts
are forward-looking statements within the meaning of the federal
securities laws (Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934). You can
identify such forward-looking statements by the words “expects,”
“intends,” “plans,” “projects,” “believes,” “estimates,” “likely,”
“possibly,” “probably,” “goal,” “opportunity,” “objective,”
“target,” “assume,” “outlook,” “guidance,” “predicts,” “appears,”
“indicator” and similar expressions. Forward-looking statements
involve a number of risks and uncertainties. In the normal course
of business, Insperity, Inc., in an effort to help keep our
stockholders and the public informed about our operations, may from
time to time issue such forward-looking statements, either orally
or in writing. Generally, these statements relate to business plans
or strategies, projected or anticipated benefits or other
consequences of such plans or strategies, or projections involving
anticipated revenues, earnings, unit growth, profit per worksite
employee, pricing, operating expenses or other aspects of operating
results. We base the forward-looking statements on our
expectations, estimates and projections at the time such statements
are made. These statements are not guarantees of future performance
and involve risks and uncertainties that we cannot predict. In
addition, we have based many of these forward-looking statements on
assumptions about future events that may prove to be inaccurate.
Therefore, the actual results of the future events described in
such forward-looking statements could differ materially from those
stated in such forward-looking statements. Among the factors that
could cause actual results to differ materially are: (i) continued
effects of the economic recession and general economic conditions;
(ii) regulatory and tax developments and possible adverse
application of various federal, state and local regulations; (iii)
the ability to secure competitive replacement contracts for health
insurance and workers’ compensation contracts at expiration of
current contracts; (iv) increases in health insurance costs and
workers’ compensation rates and underlying claims trends, health
care reform, financial solvency of workers’ compensation carriers,
other insurers or financial institutions, state unemployment tax
rates, liabilities for employee and client actions or
payroll-related claims; (v) failure to manage growth of our
operations and the effectiveness of our sales and marketing
efforts; (vi) changes in the competitive environment in the PEO
industry, including the entrance of new competitors and our ability
to renew or replace client companies; (vii) our liability for
worksite employee payroll, payroll taxes and benefits costs; (viii)
our liability for disclosure of sensitive or private information;
(ix) our ability to integrate or realize expected returns on our
Adjacent Business strategy, including acquisitions; and (x) an
adverse final judgment or settlement of claims against Insperity.
These factors are discussed in further detail in Insperity’s
filings with the U.S. Securities and Exchange Commission. Any of
these factors, or a combination of such factors, could materially
affect the results of our operations and whether forward-looking
statements we make ultimately prove to be accurate.
Except to the extent otherwise required by federal securities
law, we do not undertake any obligation to update our
forward-looking statements to reflect events or circumstances after
the date they are made or to reflect the occurrence of
unanticipated events.
Insperity (NYSE:NSP)
Gráfica de Acción Histórica
De Sep 2024 a Oct 2024
Insperity (NYSE:NSP)
Gráfica de Acción Histórica
De Oct 2023 a Oct 2024