TriNet Expands Customer Base with Referrals from other Human Resource Providers
SAN LEANDRO, CA. (JUNE 25, 2003) - TriNet, a provider of online and in-person human resource (HR) solutions, today announced that it has completed a one-time market transition arrangement with ALTRES, a Hawaii-based Professional Employer Organization (PEO). The arrangement enables ALTRES to transition its California customers to TriNet's service platform, and has resulted in over 60 new companies joining TriNet.
"ALTRES has a thriving business in Hawaii, a market that will continue to ensure the company's growth and success," said Barron Guss, ALTRES's President & CEO. "California, in contrast, is home to an increasingly arduous benefits and worker's compensation environment. We decided to redirect our focus back to Hawaii and help our west coast customers transition to a provider dedicated to the California market. TriNet's 14-year history in California made the company an excellent choice to continue benefits, payroll, and HR services for these clients."
The ALTRES arrangement marks the second time in under a year that TriNet has acted as a resource for another HR provider. In 2002, 62 new companies joined TriNet as a result of a referral arrangement with Boston-based outsourcer HR Logic.
"TriNet is in a strong position to assist PEOs and other HR outsourcing companies throughout North American and especially in California," said Martin Babinec, TriNet's President & CEO. "Our company's experience in the state helps us negotiate a complicated regulatory landscape."
"TriNet doesn't rule out the possibility of similar arrangements in the future," Mr. Babinec continued. "TriNet's online set-up process enables us to implement a high volume of companies in a short amount of time, and without significant cost to the customers themselves. Those customers also receive the benefit of an integrated benefits and payroll platform and a suite of secure, online self-service features."
About TriNet Group, Inc.
Founded in 1988, TriNet (www.trinet.com) delivers comprehensive human resource services to small and medium-sized companies. Its offerings include human asset administration, employer risk management, online HR services and support, payroll processing, tax compliance, workers' compensation, group health and welfare products, and strategic human capital consulting services throughout the United States and Canada. More than simply an HR services provider, TriNet contractually assumes certain legal and financial responsibilities regarding employer rights, legal compliance and risk management.