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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 (TNET) reported its Q3 2020 results, with total revenues up 1% to $975 million. However, Net Service Revenues fell by 2%, totaling $216 million. Net income decreased to $33 million ($0.48 per diluted share), down from $55 million ($0.78 per share) a year earlier. Average Worksite Employees dropped by 4% to about 318,000. The company highlights its resilient customer base and focus on SMBs amidst economic challenges. TriNet has $563 million in cash and $609 million in debt.
TriNet announces the inaugural PeopleForce conference taking place from October 20-22, 2020. This unique virtual event will address critical issues impacting small and medium businesses (SMBs) and feature notable speakers, including former U.S. President George W. Bush. The agenda includes discussions on the economy, employee wellbeing, systemic discrimination, and the future of work. The conference aims to equip SMBs with insights to navigate current challenges. Interested participants can register online to join the event.
TriNet, a leader in HR solutions, will host the TriNet PeopleForce conference from October 20-22. The virtual event targets small and medium-sized businesses (SMBs) and will feature prominent speakers, including former U.S. President George W. Bush. Key topics include systemic discrimination, employee mental health, and the economic challenges faced by SMBs during COVID-19. The conference aims to stimulate critical conversations on resilience, diversity, and the future of work, benefiting entrepreneurs and leaders in navigating the current business landscape.
TriNet has announced the addition of several high-profile speakers for its inaugural TriNet PeopleForce virtual conference, scheduled for October 20-22. Notable speakers include David Faber, Cynthia McFadden, and health industry leaders like Arthur Southam and Richard Migliori. The conference aims to address pressing workplace issues such as diversity, employee mental health, and legislative updates impacting businesses. TriNet's Senior VP emphasizes the importance of these discussions for small and medium-sized businesses in uncertain times.
TriNet has announced the TriNet PeopleForce virtual conference scheduled for October 20-22, 2020. Featuring prominent guests like Jenna Bush Hager and Mike Wilson, the conference will focus on pressing issues for small and medium-sized businesses (SMBs), including diversity, employee mental health, and economic impacts from healthcare and legislative changes. TriNet aims to provide a platform for transformative discussions to aid SMBs in navigating the current business landscape. For more details, visit peopleforce.trinet.com.
TriNet, a leading HR solutions provider, announced that former U.S. President George W. Bush will participate in the TriNet PeopleForce virtual conference from October 20-22. The event will focus on pressing issues for small and medium-sized businesses (SMBs), including workplace diversity, employee mental health, and legislative updates. TriNet's President, Burton M. Goldfield, emphasized the importance of this discussion for entrepreneurs and business leaders. The conference will also feature notable speakers from various fields, sharing insights relevant to today's business landscape.
TriNet has launched the next phase of its award-winning "People Matter" campaign, focusing on the challenges faced by small and medium-sized businesses due to COVID-19. This nationwide initiative includes out-of-home ads, television commercials, and a significant digital push. The campaign aims to highlight the resilience of these businesses while offering HR guidance and support from TriNet. Originally launched in April 2019, the campaign is designed to resonate with SMBs and reinforce TriNet's commitment to their success.
TriNet, based in Dublin, California, announced a webinar titled Supporting Employee Well-Being During COVID-19, scheduled for August 27, 2020. The event will feature Kalin Light, TriNet's Executive Director of Employment Standards, and Will Kimbrough, MD, from One Medical. They will discuss strategies for enhancing employee mental health and safety as businesses prepare to return to the workplace. Key topics include prioritizing emotional well-being and creating comprehensive safety plans. Registration is available online.
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