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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 Group, a provider of HR solutions, reported third quarter 2021 results with total revenues increasing by 18% to $1.1 billion. Professional service revenues rose 24% to $156 million, while net income reached $77 million ($1.16 per diluted share), significantly up from $33 million ($0.48 per diluted share) year-over-year. Total worksite employees grew 10% to approximately 351,000. The company issued guidance for fourth quarter and full-year 2021, forecasting revenue growth of 12%-14% and 11%-12% respectively.
TriNet (NYSE: TNET) is set to announce its third quarter 2021 financial results on October 25, 2021, after market hours. The subsequent conference call will occur at 2:00 p.m. PT (5:00 p.m. ET), where the company will discuss these results.
Participants can pre-register for immediate access through a unique PIN or join via a live dial-in. Investors can access the live webcast on the Investor Relations page of the TriNet website, with a replay offered for approximately one year.
TriNet announced the launch of its original series, SHEconomics, celebrating female entrepreneurs. The series premiered during the PeopleForce conference, held from September 13-16 in New York City, featuring renowned speakers discussing key business topics. Hosted by Emily Chang, the series aims to empower women in business and will consist of eight episodes over six months, starting with Rachel Tipograph, CEO of MikMak. This initiative underscores the growing recognition of women's roles in entrepreneurship and aims to enhance their visibility in the startup ecosystem.
On September 14, 2021, TriNet announced key enhancements to its TriNet Mobile app during the PeopleForce conference in New York City. These updates cater to the needs of small and medium-sized businesses (SMBs) by offering advanced tools for remote workforce management. Key features include employee time-tracking, the ability to manage employee information, and access to health services through HealthAdvocate. The enhancements aim to help SMBs navigate the evolving business landscape and improve operational efficiency.
TriNet has unveiled 'The People Report' at the PeopleForce conference in New York City, highlighting insights into small business dynamics post-pandemic. The report, developed with Morning Consult, reveals that 87% of small business decision-makers adopted new digital technologies since the pandemic, with 58% noting positive impacts on sales. Key findings include 76% satisfaction with remote work arrangements and increased focus on Diversity, Equity, and Inclusion efforts. The report aims to empower small businesses by providing actionable insights for navigating current challenges.
TriNet is set to host its second annual PeopleForce conference from September 13-16, 2021, in New York City and online. The event will include a keynote by Michelle Obama and feature influential speakers like Stacey Abrams and Lawrence H. Summers. The conference aims to provide small and medium-size businesses (SMBs) with insights for future success and growth as they transition into 2022. Participants can join virtually or in person to explore crucial content for navigating the business landscape.
TriNet, a leader in HR solutions for small and medium-sized businesses (SMBs), announced that CEO Burton M. Goldfield will participate in the PeopleForce 2021 conference, which runs from September 13-16 in New York City. The event will feature discussions on the current challenges and opportunities facing SMBs. Goldfield, who has led TriNet since 2008, has transformed the company into a prominent player in the HR industry, achieving a market capitalization of over $6 billion.
TriNet announced the addition of Ralph Clark and Maria Contreras-Sweet to its distinguished speaker lineup for the TriNet PeopleForce 2021 conference, held from September 13-16 in New York City. Clark, CEO of ShotSpotter, has extensive executive experience and led his company to an IPO in 2017. Contreras-Sweet previously served as the Administrator of the U.S. Small Business Administration. Their discussions will focus on resilience in small and medium-size businesses, particularly post-COVID-19.
TriNet, a leading HR provider for small and medium-sized businesses (SMBs), announced the addition of Steven Mnuchin, the 77th U.S. Secretary of the Treasury, as a speaker for its award-winning PeopleForce 2021 conference, scheduled for September 13-16 in New York City. The event will focus on vital topics such as the state of the U.S. economy and capital optimization for SMBs. Attendees will benefit from insights from various thought leaders and networking opportunities to aid in post-pandemic recovery.
TriNet, a provider of HR solutions for small and medium-sized businesses, announced its upcoming PeopleForce 2021 conference set for September 13-16 in New York City and virtually. The event will feature a world premiere ballet 'Equals' by Julian Mackay, along with performances by other notable artists. Attendees will gain insights from numerous distinguished speakers on pressing topics for SMBs post-COVID-19. The conference aims to inspire business leaders with discussions on agility, risk-taking, and resiliency, fostering networking opportunities for participants.
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