HR Programs Help Small Businesses Retain Employees in Face of Economic Recovery
TriNet identifies organizational strength, employee motivation and proper incentive programs as critical to accelerated business growth in a recovering economy.
SAN LEANDRO, Calif. (October 5, 2009) As the economy rebounds and employment opportunities increase, businesses will find that the preceding market turmoil produced a false sense of employee loyalty. To help small businesses protect their human capital assets and refocus on talent retention and motivation, TriNet, a provider of HR outsourcing services to small businesses, today announced the addition of three new services to its portfolio that identify organizational strengths, build comprehensive FORTUNE 100-level incentive strategies and retention programs, and provide comprehensive talent development.
“Having a highly motivated work force that is collaborating toward a common goal will be a key factor in a company’s ability to realize their ambitions and accelerate growth as our economy recovers,” said Burton M. Goldfield, TriNet’s president and CEO. “We want to help companies hold on to the talent that they have, so that employees aren’t motivated to look for greener pastures as employment opportunities expand. Ensuring that a company’s retention strategies are in place now will help improve the overall level of satisfaction of today’s workforce.”
Available immediately is Compensation Consulting, a detailed study that helps companies define a compensation strategy and provides critical compensation benchmarking information based on industry, location and job description. Additionally, this service provides an action plan to bring an organization into alignment with this new strategy.
Peter Panfili, general manager of Wako Diagnostics USA, is a client of TriNet’s Compensation Consulting service. He noted, “As a U.S. subsidiary of a Japan-based company, we have to communicate overseas a compensation policy that will allow us to hire and retain the best employees. TriNet created an independent, coherent, integrated, well thought out compensation report that helped us target the right compensation plan for critical players, and I was very confident in presenting their work to our foreign owners.”
Juanita Pressley, corporate controller of Seven Energy, added, “It’s not easy to know how best to compete with larger companies in a competitive market to attract top talent to our growing organization. Our company does not have the internal resources available to assess our compensation against our competition. TriNet’s Compensation Consulting provided us with the guidance to assess and establish our competitive position. Now, we are in a position to make informed decisions about compensation, which helps us manage costs and attract, retain and motivate top talent.”
Also included in the quarterly product release is Team Accelerator, a complete organizational analysis to assist company leaders in identifying the strengths and motivations of their teams. The delivered assessment provides a detailed plan suggesting specific actions and behaviors necessary to transform a business to its greatest potential.
To help increase the purchasing power of its customers, TriNet is also now offering TriNet Perks, a program which gives employee access to personalized discounts and promotions from more than 25,000 merchants across the United States. Previously only available to FORTUNE 500 companies, this incentive program is now available to small business for the first time.
In addition, as part of the Talent Acquisition service TriNet introduced in its summer quarterly release (details at http://www.trinet.com/about_us/news_and_press/press_releases/
pr_summer09.htm), TriNet now offers a comprehensive background and drug screening on prospective employees to ensure employer brand integrity is maintained during the hiring process. This solution enables clients to support a hire decision based on nationwide data verification and employment screening best practices.
TriNet has committed to quarterly product updates. In addition to the above-mentioned fall and summer releases, please follow this link to learn more about the services launched in spring:
http://www.trinet.com/about_us/news_and_press/press_releases/
pr_launches_hr_services.htm.
About TriNet
TriNet serves as a trusted HR partner to small businesses throughout the United States and Canada. TriNet’s technology specializes in helping small businesses reach their corporate goals and become destinations for top talent, enabling them to compete successfully with larger, more established organizations. TriNet’s comprehensive offerings include HR administration, online employee benefits administration and support, employer risk management, payroll processing, tax compliance, workers compensation, group health benefits, and strategic human capital consulting services. For more information, please visit http://www.trinet.com.