New TriNet Product Offering Solves HR Challenges Unique to Consulting, Advertising and Other Professional Service Firms
June 04 2018 - 9:00AM
TriNet (NYSE:TNET), a leading provider of HR services, introduced
today TriNet Professional Services, its newest industry-specific
product designed to address the unique HR needs of professional
services firms, such as consulting, advertising and other
expertise-driven industries. Recently named the best HR outsourcing
product for industry-specific solutions as part of Inc. magazine’s
“Best HR Outsourcing for Small Business in 2018,” TriNet’s
vertical-specific HR solutions cover different industries, such as
technology, life sciences, nonprofit, financial services and main
street, including hospitality, retail and others—and now,
professional services. TriNet’s Professional Services
offering provides a bundled solution that includes comprehensive
benefits, payroll administration, and other key HR features, such
as performance management, applicant tracking, time and attendance,
and expense management. Additionally, the new solution is delivered
by a team of TriNet certified HR experts that specialize in working
with professional services firms—which is a differentiated approach
among professional employer organizations that otherwise offer a
“one size fits all industries” product. This solution is supported
by a technology platform that powers business success with improved
operational efficiency, cost management and risk mitigation.
Through TriNet’s mobile app, employers have universal access to
HR essentials, with the convenience of updated information on the
go. The app simplifies data that is drawn from expense management
and payroll, and then delivered through a single system to help
companies better forecast headcount, expenses and revenue.
“Today’s introduction of TriNet Professional Services continues
our journey to provide small and midsize businesses (SMBs) with
high value, comprehensive HR solutions tailored by industry,”
stated Jimmy Franzone, Senior Vice President of Strategy at TriNet.
He added, “We are thrilled to launch TriNet Professional Services,
our latest industry-specific product, to meet the requirements of
professional services industries. From managing billable hours, to
attracting and retaining top talent, to navigating an increasingly
complex HR compliance landscape, this product was designed to help
our clients succeed by seamlessly managing their specific HR
needs.” Key product features include:
- Comprehensive employee benefit plans: TriNet
Professional Services provides firms with access to a wide variety
of large-group employee benefit plans, giving employers and their
employees greater flexibility in choosing cost-effective benefits
that meet their needs, including health care plans and retirement
services. By offering employees top-tier benefits through TriNet,
smaller firms are equipped to compete with larger firms for top
talent, while offloading the administrative and compliance burden
associated with managing employee benefits.
- Support for partnerships and other entities:
Professional services firms frequently operate through partnership
and LLC structures. TriNet Professional Services accommodates these
different structures through its support of compensation for
salaried employees, as well as participating partners and
members.
- HR expertise: TriNet Professional Services
includes direct access to a TriNet certified HR team with deep
understanding of HR issues faced by professional services firms.
These experts also provide guidance on complex challenges,
including terminations, harassment and performance management,
thereby helping companies strategically navigate sensitive HR
issues and mitigate employer-related risk.
- Unified technology solution: TriNet empowers
professional services firms with a web-based platform that allows
employees to manage their HR across one product, saving
professional services employers the time and headache of managing
individual solutions, while reducing paperwork and minimizing
errors. In addition to streamlined design and navigation, the
integrated platform offers single-system access to rich data that
firms can leverage for forecasting headcount, expenses and other
planning needs. Functions include:
-
- TriNet’s mobile app for immediate access to the most up-to-date
HR information anytime, anywhere.
- Simplified access to payroll, benefits and HR resources.
- Robust time & attendance management with advanced
project-tracking.
- Streamlined expense management with a paperless reporting
process that integrates with popular payroll and accounting
systems.
- Productive performance management capabilities that simplify
the performance review process with reporting and analytics.
- Efficient applicant tracking that simplifies the candidate
recruitment lifecycle with customizable workflows.
- Expert compliance and risk-mitigation
capabilities: Comprehensive HR compliance and proactive
employment related risk mitigation capabilities include multi-state
compliance, fulfillment of certain mandatory paperwork and filings,
employment practices liability insurance (EPLI) and active claims
management. These capabilities help professional services firms
protect their business from common employment liabilities—such as
wrongful termination, discrimination and harassment claims—while
ensuring compliance with HR regulations relevant to their industry,
size and geographic location.
“In our business, we have to be very flexible and constantly
available to quickly respond to our clients’ various—and often
immediate—needs for talent. It’s vital that we’re able to manage
our HR within our fast-paced schedule,” stated TriNet client Mike
Rollins, Chief Executive Officer at MSH Talent Solutions. “We tried
several other solutions, including cobbling together the services
we need from various vendors. TriNet, however, is the first
solution that gave us exactly what we need in time-savings,
personalized service and reliable expertise. TriNet has helped us
provide our employees with a sense of security that we care about
their personal needs, while increasing our ability to attract and
retain the top talent we need to grow our business.”
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About TriNet
TriNet is a leading provider of comprehensive human resources
solutions for small and midsize businesses (SMBs). We enhance
business productivity by enabling our clients to outsource their
human resources (HR) function to one strategic partner, which
allows them to focus on operating and growing their core business.
Our HR solution includes services such as payroll processing, human
capital consulting, employment law compliance and employee
benefits, including health insurance, retirement plans and workers’
compensation insurance. Our services are delivered by our expert
team of HR professionals and enabled by our cloud-based technology
platform, which allows our clients and their employees to
efficiently conduct transactions anytime, anywhere. For more
information, please visit http://www.trinet.com.
Media Contacts:Fatima
AfzalTriNetFatima.Afzal@TriNet.com(510) 875-7265
TriNet, Ambitions Realized and the TriNet logo are registered
trademarks of TriNet. All other trademarks, service marks,
registered trademarks, or registered service marks are the property
of their respective owners.
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