TriNet and WR Hambrecht + Co Evaluated as an HR Outsourcing Partnership by Leading Analyst Firm
SAN LEANDRO, Calif. (December 18, 2006) - TriNet, a nationwide provider of human resource (HR) outsourcing services for small and mid-sized companies, was recently analyzed in a case study developed by leading analyst firm Gartner, Inc. The case study, entitled WR Hambrecht + Co's Contract with TriNet is a Midsize-Business HR Outsourcing Success Story, Robert H. Brown, September 29, 2006, highlights the eight-year relationship between TriNet and its customer, WR Hambrecht + Co, an investment bank located in San Francisco, CA.
"I was pleased to talk about the long-term relationship we have built with TriNet for this case study and discuss the benefits of WR Hambrecht + Co's long-term relationship with TriNet," said Veronica Bryan, WR Hambrecht + Co's Director of Human Resources. "Using TriNet as our sole provider of payroll, benefits, and HR services has been a decision that we've constantly revisited to ensure that it makes business sense. But TriNet has proven its ability to positively affect the growth and success of the company, even when its competitors have come to the table with other offers. TriNet is the right cultural fit for a high-performance financial services company such as ours. Its technology and customer service are outstanding, and we've appreciated having the company be our 'virtual HR department' since 1998."
"We're gratified that there remains a continual focus on successful HR outsourcing partnerships within the small and mid-sized market," said Martin Babinec, TriNet's President & CEO. "We've appreciated working with WR Hambrecht + Co over the years and we believe that the case study will be of value to other companies seeking to improve growth and revenue through a carefully chosen HR business processing outsourcing (BPO) arrangement."
According to the Gartner case study, middle market purchasers of HR outsourcing evaluate a number of factors when deciding on a HR BPO partner. The study observes that "In most cases, they want to know where the vendor has delivered HR BPO to similar-size businesses (especially in the same vertical industry) and developed a track record of good customer service over a number of years and attained hard-dollar results."
The full Gartner study is available for purchase at gartner.com.
About TriNet Group, Inc.
Founded in 1988, TriNet delivers outsourced human resources throughout the United States and Canada and specializes in serving technology, financial service, and professional service firms. Its offerings include human asset administration, employer risk management, online employee benefits administration and support, payroll processing, tax compliance, workers' compensation, group health and welfare products, and strategic human capital consulting services. More than simply an HR services provider, TriNet contractually assumes certain legal and financial responsibilities regarding employer rights, legal compliance and risk management. For more information about TriNet, visit http://www.trinet.com.
About WR Hambrecht + Co
WR Hambrecht + Co is an investment bank committed to using technology and auction processes to provide open and fair access to financial markets for all its clients. The firm's impartial auctions, which allow the market to determine pricing and allocation, are dramatically changing the financial services landscape. WR Hambrecht + Co provides underwriting and advisory services for consumer, healthcare, technology and other emerging growth companies, as well as equity research, sales and trading, full-service and online brokerage and private equity offerings for institutions and individuals. WR Hambrecht + Co is headquartered in San Francisco with offices in Boston, Chicago, Montreal, New York, Philadelphia and Stamford, CT. The firm has financial backing from industry leaders including American Century, Crimson Ventures, epartners, Fidelity Ventures, Instinet Corporation, Novell, Park Avenue EquityCapital Partners, LP, Scudder Kemper, Texas Pacific Group, and W Capital Partners.