Trinet Group Inc Stock Price, News & Analysis

TriNet is hosting the third part of its webinar series titled 'Working in the New Normal', focusing on common wage and hour issues affecting California employers. The event will address key topics such as worker classification, expenses, minimum wage, and final pay, providing practical advice amidst ongoing remote work challenges. Scheduled for May 11, 2021, at 10 a.m. PT, the webinar features insights from TriNet executives and the California Labor Commissioner's Office. Employers can register to gain valuable knowledge relevant to their operations.

TriNet Group, Inc. (TNET) reported a 1% increase in total revenues to $1.1 billion for Q1 2021. Net Service Revenues rose 9% to $309 million, and net income increased to $101 million ($1.51 per diluted share). Adjusted Net Income climbed to $111 million, or $1.66 per diluted share. Adjusted EBITDA reached $163 million, with a margin of 53%. Despite these gains, Total Worksite Employees decreased by 3%, highlighting challenges in workforce size. The company is optimistic about economic recovery, providing guidance for Q2 and full-year 2021 with anticipated revenue growth of 9%-14%.

TriNet announced its second webinar in a three-part series, titled 'Working in the New Normal,' focusing on wage and hour issues for employers in California. Scheduled for April 27, 2021, this session will cover critical topics including worker compensation, expense reimbursement, worker migration, and work hours. Industry experts, including Samantha Wellington and Von Boyenger, will provide insights aimed at helping small and medium-size businesses navigate compliance challenges related to remote workforces.

TriNet (NYSE: TNET) announced that it will release its financial results for Q1 2021 on April 26, 2021, after market hours. The company will hold a conference call at 2:00 p.m. PT to discuss these results and encourages pre-registration for participants. Those unable to pre-register can still join the call using the provided dial-in number. TriNet specializes in comprehensive HR solutions for small and medium-sized businesses, helping them to navigate HR complexities and focus on growth.

TriNet announced the launch of the TriNet Foundation, part of its new Corporate Social Responsibility (CSR) program, aimed at supporting small and medium-sized businesses (SMBs) and nonprofit organizations. The foundation's first donation recipient is Black Girl Ventures, which assists Black and Brown women entrepreneurs. TriNet plans to donate quarterly to nonprofits focusing on economic development and entrepreneurship. CEO Burton M. Goldfield emphasized the alignment of TriNet's mission with that of the foundation, enhancing employee engagement and community impact.

TriNet is hosting a webinar on April 8, 2021, addressing HR challenges as employees return to the workplace after COVID disruptions. Led by Jacqueline Breslin and Kelly Pacatte, the session will focus on maintaining a positive culture in a hybrid work environment, team building amid social distancing, and ensuring employee safety. This initiative aims to equip small and medium-sized businesses (SMBs) with strategies to navigate the new normal. Register for the event here.

TriNet is hosting a webinar on March 23, 2021, at 11 AM PT to discuss the implications of the American Rescue Plan Act of 2021 for small and medium-sized businesses (SMBs). Senior executives Samantha Wellington and Alex Warren will explain the relief package and its interactions with previous COVID relief laws. This initiative aims to support SMBs impacted by the COVID pandemic, emphasizing TriNet's commitment to delivering HR solutions that help businesses thrive amidst challenges.