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TriNet Group, Inc. (NYSE: TNET) is a leading provider of comprehensive human resources solutions tailored for small and medium-sized businesses (SMBs). Founded over 30 years ago, TriNet offers an array of industry-specific HR services through its Professional Employer Organization (PEO) model, which includes payroll management, employee benefits, risk mitigation, compliance, and R&D tax credit services. The company also provides advanced human resources information systems (HRIS) via the TriNet Cloud platform, enabling seamless integration of HR functions.
TriNet's core business revolves around delivering bundled HR products that simplify the administrative and regulatory burdens of HR, allowing businesses to focus on growth and innovation. By entering a co-employment arrangement, TriNet acts as the employer of record for administrative purposes, thereby enabling clients to leverage its scale and expertise to access competitive employee benefits, share employment risk, and ensure compliance with complex regulations.
In recent years, TriNet has expanded its service offerings and market reach through strategic acquisitions, such as the purchases of Zenefits and Clarus R+D in 2022. These acquisitions have diversified TriNet's revenue streams, with a notable portion now coming from self-service HCM software and R&D tax credit services.
TriNet's latest initiatives include product enhancements aimed at adapting to the needs of an increasingly distributed and agile workforce. Key enhancements include support for managing global workforces, paying independent contractors, and offering a modernized learning management system powered by AI-driven course recommendations. Additionally, TriNet has forged a strategic partnership with Healthee to provide AI-powered digital solutions that enhance health and wellness experiences.
Financially, TriNet has demonstrated robust performance, achieving significant milestones such as strong earnings, prudent expense management, and successful capital allocations, including stock buybacks and bond offerings. The company’s commitment to innovation and customer-centric services has led to high customer retention and satisfaction scores.
TriNet continues to be a trusted HR advisor to thousands of SMBs across various industries, empowering them to navigate HR complexities, stay compliant, and focus on core business functions.
For more information, visit TriNet.com or follow TriNet on social media platforms like Twitter, Facebook, LinkedIn, and Instagram.
TriNet (NYSE: TNET) announced a star-studded lineup for its PeopleForce 2022 conference, taking place from September 13-15 in Brooklyn, NY. The event will feature performances by acclaimed artists, including Katharine McPhee and Loren Allred, among others. The conference aims to inspire small and medium-sized businesses through a diverse roster of speakers from various fields. Attendees can register for live or virtual participation. TriNet continues to provide comprehensive HR solutions tailored for SMBs, enabling them to focus on growth.
TriNet (NYSE: TNET) has announced that award-winning actor and musician Riz Ahmed will speak at TriNet PeopleForce 2022, taking place from September 13-15 in Brooklyn, NY and virtually. The event aims to inspire small and medium-sized business leaders with themes of passion, purpose, and perseverance. Ahmed, known for his acclaimed roles and advocacy for diversity, equity, and inclusion, will share his journey at this prestigious conference. Registration and details can be found on the official TriNet PeopleForce website.
TriNet (NYSE: TNET) announced on August 15, 2022, the addition of three influential speakers for its TriNet PeopleForce 2022 conference, taking place from September 13-15 in Brooklyn, NY. New speakers include Jamie Siminoff, Chief Inventor and Founder of Ring; Sandeep Mathrani, CEO and Chairman of WeWork; and Ben Van Leeuwen, Co-founder and CEO of Van Leeuwen Ice Cream. The event aims to inspire small and medium-sized businesses (SMBs) through dynamic sessions focusing on passion, purpose, and perseverance.
TriNet is organizing a webinar titled Navigating SMB Employee Benefits in a Post-Dobbs World on August 17, 2022, at 10 a.m. PT. The session will focus on the impact of the U.S. Supreme Court's Dobbs decision on small and medium-sized businesses (SMBs), addressing the latest on state laws and employee benefit offerings that prioritize choice and privacy. Key speakers include Samantha Wellington and Alex Warren from TriNet. Participants can register for the event here.
TriNet announced the PeopleForceX event in Austin on August 16, 2022, aimed at small and medium-sized businesses (SMBs). The event will feature a panel discussion based on a Harvard Business Review Analytic Services survey focusing on business resiliency, transformation, and innovation. Key speakers include Michael Mendenhall, Alex Clemente, and Aaron Ali. The event will take place at The LINE from 3:00-7:00 PM to provide insights for local business leaders on improving agility in their operations.
TriNet (NYSE: TNET) has introduced a groundbreaking product line called Enrich™, aimed at small and medium-sized businesses (SMBs). Set to launch next month for its 23,000 SMB customers, the initial offerings, Enrich Access and Enrich Adopt, will provide tax-free travel reimbursements for medical care and tax-favored reimbursements for adoption-related expenses, respectively. This initiative aims to ensure SMBs can compete with larger companies in employee benefits, enhancing employee attraction and retention in a competitive market.
TriNet Group reported a 9% increase in total revenues, reaching $1.2 billion for Q2 2022, driven by a 17% growth in professional service revenues to $182 million. Despite the revenue growth, net income dipped to $85 million or $1.35 per diluted share, down from $91 million or $1.37 last year. Adjusted net income rose to $108 million or $1.72 per diluted share. The company finished Q2 with over 610,000 users and provided guidance for continued growth in the upcoming quarters amid a challenging economic landscape.
TriNet (NYSE: TNET) announced the addition of three prominent speakers—Gloria Steinem, José Andrés, and Iuliia Mendel—to its upcoming TriNet PeopleForce 2022 conference, scheduled for September 13-15 in New York City. The conference aims to provide SMB leaders with insights on passion, purpose, and perseverance through various sessions. Early-bird registration is open until July 31. Notable previously announced speakers include Bob Iger, Jane Goodall, and Indra Nooyi. TriNet is dedicated to assisting SMBs with comprehensive HR solutions.
TriNet (NYSE: TNET) has announced it will release its financial results for the second quarter ended June 30, 2022, on July 26, 2022, after U.S. market hours. A conference call will be held at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results. Participants can pre-register to bypass live operator assistance. TriNet offers comprehensive HR solutions tailored for small and medium-sized businesses, providing services such as payroll, risk mitigation, and compliance.
TriNet (NYSE: TNET) has announced four new speakers for TriNet PeopleForce 2022, a three-day conference scheduled for September 13-15 in New York. Notable speakers include Indra Nooyi, former CEO of PepsiCo, Lilly Singh, comedian and author, Tina Brown, journalist and editor, and Mike Massimino, former NASA astronaut. The conference aims to inspire small and medium-size business leaders with themes of passion, purpose, and perseverance. Early-bird registration is open until July 31.
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