Trinet Group Inc Stock Price, News & Analysis

TriNet has launched the next phase of its award-winning "People Matter" campaign, focusing on the challenges faced by small and medium-sized businesses due to COVID-19. This nationwide initiative includes out-of-home ads, television commercials, and a significant digital push. The campaign aims to highlight the resilience of these businesses while offering HR guidance and support from TriNet. Originally launched in April 2019, the campaign is designed to resonate with SMBs and reinforce TriNet's commitment to their success.

TriNet, based in Dublin, California, announced a webinar titled Supporting Employee Well-Being During COVID-19, scheduled for August 27, 2020. The event will feature Kalin Light, TriNet's Executive Director of Employment Standards, and Will Kimbrough, MD, from One Medical. They will discuss strategies for enhancing employee mental health and safety as businesses prepare to return to the workplace. Key topics include prioritizing emotional well-being and creating comprehensive safety plans. Registration is available online.

TriNet has launched enhanced features for its HR solutions catering to small and medium-sized businesses (SMBs). Key improvements include an Integration Center for seamless application connectivity, new tools for Applicant Tracking, Expense Management, and Performance Management. The Report Scheduler simplifies HR reporting, while the Voluntary Benefits Central enhances employee benefits access. These solutions aim to support SMBs in navigating challenges posed by COVID-19, including 24/7 chat support and mobile app functionalities.

TriNet has announced that Kelly Tuminelli will join the company as executive vice president of finance on September 8, 2020, and will subsequently be appointed as chief financial officer. Tuminelli brings over 30 years of financial services experience, including her recent role as Executive Vice President and CFO at Genworth. President and CEO Burton M. Goldfield expressed enthusiasm about Tuminelli's extensive background in financial operations, emphasizing her potential to enhance value for shareholders and drive company growth amidst the ongoing COVID-19 challenges.

TriNet (NYSE: TNET) announced the immediate resignation of Board member Kenneth Goldman on August 5, 2020. Goldman, who had served for 11 years, expressed pride in the company's achievements and cited a focus on new professional opportunities as his reason for stepping down. The company recently added two industry experts to the Board, which Goldman believes will support its future success. TriNet's Chairman, David Hodgson, acknowledged Goldman's contributions, especially in preparing the company for its IPO.

TriNet Group, Inc. (TNET) reported Q2 2020 financial results showing total revenues of $0.9 billion, up 1% year-over-year. Net Service Revenues surged by 45% to $335 million. Net income rose significantly to $126 million, or $1.87 per diluted share, compared to $46 million, or $0.64 per diluted share, in Q2 2019. The company also announced the acquisition of Little Bird HR, enhancing its service offerings for educational institutions. However, the average Worksite Employees decreased by 2% to 314,000, reflecting challenges amidst the COVID-19 pandemic.

TriNet (NYSE: TNET) will release its second-quarter financial results for 2020 on July 27, 2020, after U.S. market hours. A conference call will follow at 2:00 p.m. PT to discuss these results, with pre-registration encouraged for immediate call access. Participants can access a live webcast via TriNet's Investor Relations page, with a replay available for one year. TriNet specializes in providing HR solutions tailored for small and medium-size businesses, enabling them to focus on growth while managing complex HR responsibilities.

DUBLIN, Calif., June 29, 2020 /PRNewswire/ -- TriNet announces a webinar titled "What the PPP Flexibility Act and New Forgiveness Application Mean for Your Business". Scheduled for July 1, 2020, at 11:00 am PT / 2:00 pm ET, the session features senior executives Samantha Wellington and Alex Warren, who will guide small and medium-sized businesses (SMBs) on maximizing forgiveness of the PPP loan under updated guidelines. Interested participants can register online to attend or receive a recording via email.