TriNet Announces Premier HR Solution to Meet the Needs of Financial Services Firms

Rhea-AI Summary

TriNet has launched TriNet Financial Services Preferred, a premium HR solution tailored for financial services firms. This new offering, set for release in October 2021, aims to address the complex HR needs of the industry by providing dedicated support, guided onboarding, and top-tier benefits. The solution is based on over 30 years of experience serving 5,000 clients, and it addresses challenges such as skills shortages and the shift to remote work. Key features include a high-touch service model, enhanced payroll support, and risk management capabilities.

Positive

• Launch of TriNet Financial Services Preferred addresses specific HR needs in the financial sector.
• Over 30 years of experience serving over 5,000 financial services clients.
• Offers dedicated professional HR support and compliance risk management.

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• None.

DUBLIN, Calif., June 23, 2021 /PRNewswire/ -- TriNet, a leading provider of comprehensive human resources for small and medium-size businesses (SMBs), today introduced TriNet Financial Services Preferred, a new top-tier version of its HR solution that addresses the critical HR needs of firms in the financial services industry.

Drawing upon more than three decades of providing HR solutions to over 5,000 financial services clients—along with deep industry knowledge and insights—TriNet Financial Services Preferred allows financial services firms to deliver a premier employee experience, efficiently manage HR administration, and comply with a complex set of employment-related risks and regulations.

Today's ever-changing environment has resulted in several HR challenges. Over three-quarters of CEOs of financial services companies saw skills shortages as a threat to their growth prospects.¹ Meanwhile, as firms navigate the effects of the pandemic on their organizations, 61 percent of financial services CFOs say they plan to make remote work permanent for roles that allow it,² and 28 percent of companies plan to increase investments in nontraditional HR technology, such as remote-working tools.³

"We believe the success of financial services firms depends now, more than ever, on HR products and services that ease the burden of HR complexities and allow them to grow their business," said TriNet Vice President, Products & Transformation Scott Harrington.

"We designed TriNet Financial Services Preferred in response to valuable customer feedback and their unique HR needs with an extensive, all-in-one solution that offers dedicated professional HR support, guided onboarding, top-tier benefits offerings, risk mitigation and other features vital to business success in this industry."

Key features of TriNet Financial Services Preferred include:

• High-touch service model led by primary point of contact: Financial services firms often require a significant time commitment from their employees. In turn, they want to provide their teams with a premier employment experience while minimizing time spent on outside distractions. TriNet Financial Services Preferred provides a high-touch service model that includes a dedicated HR specialist as the primary point for core strategic and operational HR matters, backed up by an HR team that includes benefits, workers' compensation, new employee orientations, open enrollment meetings, and other human capital-related inquiries. The service model is comprised of professionals who specialize in working with financial services firms and, in-turn, have strong familiarity with industry issues and preferences.  
• Guided Onboarding: Differentiated and premium integration experience facilitated by a Transition Consultant who is with financial services clients every step of the way to work through the choices they want to make for their business and people.
• Enhanced Payroll & Tax: Recognizing bonus season is a meaningful period for financial services, TriNet brings a team with expertise in Payroll & Tax issues to help clients think through their strategy and ensure a locked down execution; this capability surges for bonus season, but the same TriNet team caliber is available throughout the year for complex issues.
• Top-tier employee benefits: A rich set of benefits is vital to offering a premier employee experience. TriNet Financial Services Preferred includes access to top-tier health plans through leading national and regional carriers. The solution also delivers a 401(k) plan with flexible investment options, health advocacy and access to a variety of perks through TriNet.
• Support for partnerships and other entities: Financial Services firms frequently operate through partnership and LLC structures. TriNet Financial Services accommodates these different structures through its support of compensation for salaried employees, and participating partners and members.
• Risk and compliance management: Assuring stakeholders of HR compliance and risk mitigation in an ever-changing regulatory environment requires time and specialized expertise. TriNet Financial Services Preferred helps companies manage a broad range of employer-related risks through prevention programs, insurance coverage (EPLI) and claims mitigation.

TriNet Financial Services Preferred will be available by October.
Visit TriNet Financial Services or call (888) 874-6388 for additional information.

About TriNet
TriNet (NYSE: TNET) provides small and medium-size businesses (SMBs) with full-service HR solutions tailored by industry. To free SMBs from HR complexities, TriNet offers access to human capital expertise, benefits, risk mitigation and compliance, payroll and real-time technology. From Main Street to Wall Street, TriNet empowers SMBs to focus on what matters most-growing their business. TriNet, incredible starts here. For more information, visit TriNet.com or follow us on Twitter.

Investors:	Media:
Alex Bauer	Renee Brotherton
TriNet	TriNet
Investorrelations@TriNet.com	PR@TriNet.com
(510) 875-7201	(925) 965-8441

¹ https://www.pwc.com/gx/en/ceo-survey/2019/Theme-assets/reports/financial-services-talent-ceo-survey-trends-report-2019.pdf (accessed 6/17/2021)
² PwC US CFO Pulse Survey, June 2020 (accessed 11/9/20).
³ https://www.shrm.org/resourcesandtools/hr-topics/technology/pages/how-covid-19-changing-hr-technology-investment.aspx; accessed 12/17/20.

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SOURCE TriNet Group, Inc.

FAQ

What is TriNet Financial Services Preferred?

TriNet Financial Services Preferred is a premium HR solution designed specifically for financial services firms, offering dedicated support and compliance risk management.

When will TriNet Financial Services Preferred be available?

TriNet Financial Services Preferred is expected to be available by October 2021.

How does TriNet Financial Services Preferred help with HR challenges?

The solution addresses HR challenges by providing dedicated professionals, top-tier benefits, and risk management capabilities tailored to the financial services industry.

What are the key features of TriNet Financial Services Preferred?

Key features include a high-touch service model, guided onboarding, enhanced payroll support, and risk and compliance management.

How does TriNet support remote work for financial services firms?

TriNet Financial Services Preferred accommodates the shift to remote work, focusing on providing crucial HR support and technology for firms adapting to this change.