How TriNet Helps Small Businesses Grow

As an entrepreneur about to launch a new company, you've already faced your fair share of challenges. But the biggest one still lies ahead: human resources.

You might think of an HR department as the place to talk out issues within the company. But it is much, much more than that. Human resources is your headquarters for:

• Payroll
  
• Benefits
  
• Risk mitigation and compliance

and other crucial aspects of your business.

Consider this: When you launch your company, you might hire one or two full-time employees, a couple of freelancers, and a part-time staff to fill in the gaps.

Each of these employees has different payroll, scheduling, and benefits requirements to manage. You'll have to navigate tricky and ever-changing regulations to stay in compliance with local, state, and federal law.

Before long, you may feel like you're spending more time on Human Resources tasks than actually managing your day-to-day business. But there is a solution.

Professional Employer Organizations (PEOs) like TriNet allow you to outsource complicated, time-consuming tasks so you can focus on building and growing your company.

TriNet is not just a market leader, it's a top PEO option for small and medium size businesses. Its HR expertise and real-time technology access, help companies like yours get off the ground and thrive.

What Is TriNet?

Founded in 1988 by Martin Babinec, TriNet is a PEO that provides full-service HR solutions, tailored by industry, to small to medium-sized businesses. It began just like your small business: with one entrepreneur and a lot of hard work.

By 1995, TriNet had grown enough to offer its first online employee benefits enrollment. TriNet continued to expand in the years since, acquiring companies, adding clients, and offering more services.

TriNet tailors its full-service bundled HR solutions by industry. For instance, TriNet Main Street launched a new venture in 2017—as an HR solution targeted squarely at local and owner-operated businesses like yours. (More on that below.)

Features

TriNet's bundled solutions bridge technology and people-powered support. They include:

Human capital expertise that knows your business: TriNet is not the only PEO to offer this feature, but it provide teams that are specialized by industry.

That means if you are in hospitality, you'll have access to a team with knowledge of that industry. The same goes if you are a tech startup, a non-profit, or a hedge fund.

Multi-function platform: TriNet offers a huge range of functionality through their technology platform. You'll have access to certain HR information that will allow you to analyze certain trends in your HR data, as well as make changes to payroll and much more.

Your employees, too, will benefit with access to:

• Paystubs and direct deposit information
  
• W-4s
  
• Time-off requests

And of course, the platform is mobile-ready, so you and your team can access it on the go from your cell phones and tablets.

Payroll services: To help you mitigate payroll and tax-related risks, TriNet can prepare and deliver your employees' W-2s, and calculate, withhold and remit payroll taxes.

Their software can also track time off, attendance, scheduling, and even automated expense management.

TriNet provides guidance on risk mitigation and compliance: TriNet's HR solutions can help you comply with certain rules and regulations at the federal, state and local level. These allows you, the entrepreneur, to spend more time on the day-to-day running of your business and less time worrying about HR administration.

Great Benefits Bring Great Employees

As a new small business owner, you'll soon learn just how difficult it can be to hire top-flight talent with limited resources at your disposal.

Great candidates want great perks like excellent health, vision, and dental insurance. Lucky for you, TriNet's employee benefits program lets your new small business compete with the big boys.

Using group insurance and retirement plans, TriNet allows multiple clients to pay into benefits packages, resulting in rich benefits normally reserved for your much larger competitors. They also offer critical accident - and illness policies, as well as access to auto and home policies - alongside commuter benefits and other perks.

TriNet's software provides the guidance you need to get this program in place. And they'll help you remain in compliance with certain local, state, and federal employer-related laws.

They'll even handle primary fiduciary responsibility for the 401(k) package they offer, taking a huge amount of work off your shoulders. In fact, employees can simply log into their TriNet dashboards to manage their own benefits!

Help for Main Street Businesses

TriNet knows that local and owner-operated businesses are often ill-equipped to handle the complexities of HR on their own. That's why they launched, TriNet Main Street, an industry-tailored HR solution for the thousands of small businesses that line America's main streets.

TriNet Main Street offers several of the features we've already discussed and more, including worker's compensation coverage at competitive rates and pay-as-you-go billing.

TriNet's pricing model is also built to cater to companies like yours. Unlike many other PEOs, there is no minimum employee requirement to enroll—even one employee is enough to get started. They also do not require a long-term contract; you can cancel with 30 days' notice.

There is one drawback. TriNet is an all-or-nothing deal, which means you can't pick and choose individual services to reduce cost. If you prefer a menu of a la carte options, you should probably look elsewhere.

If, however, you want a comprehensive, full-service HR solution, TriNet might be just what your business needs. It's built to outsource a huge amount of headache-inducing work so you can focus on your real passion: building your business.

Best of all, you can start from almost nothing with TriNet and keep growing with them without having to switch to a service that caters to larger businesses.