TriNet's HR Services Enable Regus to Manage Multi-State Benefits and Payroll
SAN LEANDRO, CA. (OCTOBER 10, 2002) - TriNet, a provider of online and in-person human resources (HR) solutions, today announced that it has helped Regus (NASDAQ: REGS), the world's leading operator of business centres, successfully cut costs and streamline its benefits and payroll procedures. TriNet's integrated HR services have reduced Regus' HR-related budget while improving the company's ability to administer a 500+ employee workforce spread across multiple states.
TriNet's secure portal allows Regus' in-house HR staff to manage its workforce using web-enabled desktop computers. Authorized users can submit payroll hours from any location, hire and terminate employees, download reports, and update employee data. All of Regus' employees can enroll in benefits, maintain their personal information, view their paychecks, and manage direct deposits online.
"TriNet's online service is perfect for our multi-state needs," said Rick Livingston, Staffing Manager for Regus. "Our HR department used to spend an exorbitant amount of time on administrative procedures such as faxing and data maintenance. By outsourcing our benefits and payroll to TriNet, we've reduced our overall costs while providing better service to our employees."
"As the global leader of outsourced office space, Regus understands the positive impact outsourcing non-core functions can have on a company," added John Mlynski, Regus' Group Chief Operating Officer. "TriNet allows Regus to effectively manage our HR program using their state-of-the art technology and best-in-class processes-resulting in controlled administrative costs, improved use of our internal resources, and enhanced employee service and satisfaction."
"Companies like Regus will increasingly seek out vendors that can provide a single point of contact for all of their HR-related functions," said Martin Babinec, TriNet's President & CEO. "Outsourcing to TriNet allows Regus to retain a tight focus on its core business. It also prevents the company from investing millions on the licensing, installation, and maintenance of an in-house HRIS system."
Regus business centers in 77 locations across the United States are leveraging TriNet's benefits, payroll, and HR services under a multi-year contract.
About Regus
Regus is the leading provider of outsourced offices with over 420 business centres in 51 countries. With 100,000 workstations worldwide, Regus' established infrastructure enables companies to easily match their office space to their business needs. Clients are able to streamline their fixed real estate costs, restructure their portfolio to include a strategic mix of long and short-term property commitments, and gain flexibility that will help them successfully manage change. Regus' complete menu of business services includes telecommunications/IT services, videoconferencing, meeting and training rooms, desktop publishing, administrative, and concierge services.
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.