As HR Outsourcing Increases, Administaff Expands Small Businesses Advocacy Through Co-Sponsorship of National Small Business Week

Business Wire,  April 21, 2008  

• E-mail
• Print
• Link

HOUSTON -- Administaff, Inc. (NYSE:ASF), a leading provider of human resources (HR) services for small and medium-sized businesses, continues its advocacy for small businesses by serving as a co-sponsor for the U.S. Small Business Administration's (SBA) National Small Business Week, April 21 - 25, 2008.

"We see the entrepreneurial spirit of small business owners hard at work every day, and this is the same passion that Administaff was founded on more than two decades ago," said Paul J. Sarvadi, chairman and chief executive officer of Administaff. "As the professional employer organization (PEO) industry and Administaff continue to grow, it is essential for us to remain committed to helping small businesses succeed. Supporting National Small Business Week is one way we can help these organizations thrive."

An increasing number of small businesses are outsourcing their HR functions to PEOs, such as Administaff. According to the National Association of Professional Employer Organizations (NAPEO), of which Administaff is a member, gross revenues for the PEO industry increased by 15 percent from 2006 to 2007.

"Regardless of economic fluctuations, we offer small business owners a competitive advantage and a systematic way to improve productivity," said Sarvadi. "We help manage risk, even during periods of economic downturn when there are more workers' compensation claims, more terminations and more opportunities for unemployment-related risk. By having Administaff handle these and other HR burdens, small business owners can focus on building their entrepreneurial dream instead of coping with HR issues."

Administaff's participation in National Small Business Week will help the SBA honor small business owners in Washington, D.C. during the Opening Reception and Presentation of the Entrepreneurial Development Awards on Monday, April 21, and the Champion Award Winners Gala, on Wednesday, April 23. For more information about National Small Business Week, visit http://www.nationalsmallbusinessweek.com.

Administaff is the nation's leading professional employer organization (PEO), serving as a full-service human resources department that provides small and medium-sized businesses with administrative relief, big-company benefits, reduced liabilities and a systematic way to improve productivity. The company operates 49 sales offices in 24 major markets. For additional information, visit Administaff's Web site at http://www.administaff.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," "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, Administaff, 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 current expectations, estimates and projections. 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) changes in general economic conditions; (ii) regulatory and tax developments and possible adverse application of various federal, state and local regulations; (iii) changes in our direct costs and operating expenses including, but not limited to, increases in health insurance costs and workers' compensation rates and underlying claims trends, financial solvency of workers' compensation carriers and other insurers, state unemployment tax rates, liabilities for employee and client actions or payroll-related claims, changes in the costs of expanding into new markets, and failure to manage growth of our operations; (iv) the effectiveness of our sales and marketing efforts; (v) changes in the competitive environment in the PEO industry, including the entrance of new competitors and our ability to renew or replace client companies; and (vi) our liability for worksite employee payroll and benefits costs. These factors are discussed in further detail in Administaff'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.

COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning