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HR Solutions for Innovative Companies
By solving challenges in the areas of healthcare, energy, agriculture and the environment, biotech and life sciences companies have enriched the lives of people throughout the world. One of the main drivers of this success is the ability to attract and retain the highly skilled talent that is needed to discover and support scientific breakthroughs.
TriNet Passport allows emerging companies to stay focused on innovation and productivity by helping them to attract and retain top talent and by reducing their HR compliance risks. With TriNet Passport’s HR services, biotech and life sciences firms gain an instantly scalable HR infrastructure that helps them keep pace with HR requirements when they experience a period of accelerated growth.
A unique shared employer relationship model allows TriNet Passport to assume many of the responsibilities of being an employer on behalf of its customers. This arrangement lets biotech and life sciences entrepreneurs fuel the growth of their companies by concentrating on their core research and development goals instead of HR.
- Case Study MedAvante Builds Global Scale with TriNet.
Managing HR through the Biotech and Life Sciences Lifecycle
- Attracting and retaining top talent
In order to attract and retain top talent, emerging biotech and life sciences companies need to deliver the same enterprise-level benefits to their employees that established giants in the field offer.
- Focus on core competency
Whether founded by scientists with incredible knowledge of their chosen research domain, or by executives who understand market access and commercialization, biotech and life sciences companies need to focus on achieving their productivity goals. When these goals are met, trying to build a viable HR infrastructure to keep pace with the expedited growth can be a distraction.
- Manage HR risk and compliance
At a time when liability risks due to non-compliance have increased significantly and when venture funding has become more expensive and difficult to obtain, companies need to control their costs and minimize their HR risks.
Choose From Attractive Benefits Options
Attract the best employees by offering a comprehensive benefits package that includes:
- Flexible spending accounts
- Voluntary benefit options
Streamline your HR solutions for scalability
- Eliminate administrative tasks that keep you from focusing on growing your business
- Benefits, payroll and tax administration
- Online self service tools for managers and employees
- Strategic human capital guidance
Manage HR risk and compliance
Gain peace of mind knowing that your company is HR compliant and you have the protection you need. TriNet protects companies from employer-related risk with an innovative shared employer relationship model.