Resilience in Sales and Retention
Despite economic uncertainties, the sales force showed resiliency with a 2% increase in new sales over Q2 2024. Client retention remained strong, averaging 99% per month.
Strategic Workday Partnership
Progress on the Insperity HRScale, a joint offering with Workday, with a target go-live date for beta clients early next year. The partnership is expected to expand the addressable market and improve service delivery.
Operating Expense Management
Company-wide focus on expense management resulted in a 3% decrease in operating expenses year-over-year, with significant reductions in travel, professional fees, and other G&A costs.
Growth in Worksite Employees
Underlying growth of more than 3% in paid worksite employees from February to July, despite a 0.7% year-over-year increase in each of the first two quarters.