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:
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Media:
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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.