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Barrett Business Services, Inc..

BBSI.US | Other human resources provision

Barrett Business Services, Inc. (BBSI) is a professional employer organization (PEO) that provides comprehensive management solutions for businesses, primarily in the United States. BBSI's services include payroll administration, human resource management, risk management, employee benefits, and wor...Show More

Ethical Profile

Mixed.

Barrett Business Services, Inc. (BBSI) faces scrutiny over a January 2024 ransomware attack that allegedly exposed sensitive data, including SSNs, financial, and health insurance information, leading to a ransom payment. The company also underwent an IRS examination for 2017-2021, resulting in estimated additional taxes of $8 million and $1.9 million in penalties. On the positive side, BBSI maintains whistleblower, anti-corruption, and executive compensation recovery policies. While their HR services aim to reduce workplace injuries, with worker's compensation expenses decreasing from 2.6% to 2.4% of gross billings, critics point to the data breach as a significant concern for data protection.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-30
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-20
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

0

BBSI's core services, including providing health insurance solutions and workers' compensation, offer modest health benefits by facilitating access to healthcare and promoting workplace safety. The company emphasizes proactive risk management, safety trainings, and modified duty programs to prevent workplace injuries.

1
BBSI also offers flexible and competitive pricing for workers' compensation and health plans, including a pay-as-you-go model.
2
The company notes trends in health insurance towards telehealth and increased mental health coverage, and provides support for injured employees through a 24/7 nurse triage hotline and modified duty programs.
3

Fair Money & Economic Opportunity

0

No evidence available to assess Barrett Business Services, Inc. on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

0

No evidence available to assess Barrett Business Services, Inc. on Fair Pay & Worker Respect.

Fair Trade & Ethical Sourcing

0

No evidence available to assess Barrett Business Services, Inc. on Fair Trade & Ethical Sourcing.

Honest & Fair Business

-30

BBSI has a whistleblower policy that includes anti-retaliation provisions.

1
The company has not had any financial restatements in the past five years, with only a correction of a signature in a 2024 10-K/A filing.
2
An anti-corruption policy is in place as part of its Code of Business Conduct, and the company performs SEC compliance testing according to the COSO Framework.
3
Deloitte & Touche LLP has served as the company's auditor since 2016, and a SOC 1 report from an independent CPA firm is mentioned, indicating some third-party verification of ethical claims and compliance.
4

Kind to Animals

0

BBSI is a professional employer organization (PEO) providing services such as payroll and HR management.

1
Its business model does not involve products, animal testing, animal-derived ingredients, animal agriculture, or direct impact on wildlife habitats.
2
Therefore, all KPIs related to animal welfare are not applicable to the company's operations. The provided articles explicitly state no data is available for any of the animal welfare metrics, consistent with the company's service-oriented nature.
3

No War, No Weapons

0

The provided articles do not contain any specific, concrete data points or explicit information regarding BBSI.US's involvement with arms manufacturing, military contracts, dual-use technologies, sales to embargoed regimes, peacebuilding investments, or any other defense-related activities.

1
Both and explicitly state that no data is provided for any of the KPIs relevant to the 'No War, No Weapons' value.
2
Therefore, no KPIs can be scored based on the evidence provided.

Planet-Friendly Business

0

No evidence available to assess Barrett Business Services, Inc. on Planet-Friendly Business.

Respect for Cultures & Communities

0

No evidence available to assess Barrett Business Services, Inc. on Respect for Cultures & Communities.

Safe & Smart Tech

-20

BBSI invested $13.6 million in cybersecurity, which represents 1.188% of its 2024 revenue of $1,144.5 million.

1
The company requires security awareness training for all internal employees.
2
BBSI uses internal encryption on all data stores that house voluntarily captured data.
3
The company has 256 automated verification checkpoints in payroll processing systems.
4
BBSI engages third-party experts for penetration and vulnerability testing.
5
The company provided HR compliance services to 7,300 client companies in 2022, managed $1.8 billion in payroll processing, and has 47 compliance protocols in its systems.
6
BBSI processes 78,000 employee records monthly.
7
The company's privacy policy, last updated in December 2022, allows California residents to make data requests up to 2 times in a 12-month period, with a response time of 45 calendar days, extendable by an additional 45 days.
8
BBSI has obtained a SOC 1 report from an independent CPA firm.
9
A ransomware attack occurred on January 29, 2024, exfiltrating sensitive information including contact, medical, health insurance, financial account numbers, and Social Security Numbers.
10
The company paid a ransom and filed a data breach notice on November 11, 2024.
11

Zero Waste & Sustainable Products

0

No evidence available to assess Barrett Business Services, Inc. on Zero Waste & Sustainable Products.

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.