Press Releases

Aggregate Job Growth Improves 20 Percent for Small Businesses in 2011

TriNet’s monthly SMBeat showcases thriving job creation despite global economic turmoil.

SAN LEANDRO, Calif. (January 10, 2012) – Encouraging employment statistics for the month of December helped closed out 2011 on a positive note. Though hiring dropped slightly, to 2.59 percent, turnover reached a new low of 1.01 percent, resulting in another month-to-month net increase of 1.58% for jobs tracked by TriNet’s SMBeat. In fact, every month in 2011 saw net job increases for a cumulative aggregate of a 20% improvement for the year.

“According to the recent report from the National Federation of Independent Businesses, most small businesses in America did next to no hiring and actually shed jobs in December,” said Jimmy Franzone, TriNet’s vice president of corporate development. “In contrast, TriNet SMBeat tracked companies were actively hiring last month and building their workforce. Throughout 2011, not only did our member companies weather the global economic turmoil better than the rest of the economy, but also thrived and created new jobs.”

Key Findings:

  • Monthly Hiring slowed to 2.59 percent, essentially flat with 2010 year-end.
  • Monthly Turnover decreased again in terms of both voluntary and involuntary terminations for an aggregate low of 1.01 percent. Involuntary terminations finished at 0.33 percent, down 10 percent for the month and 24 percent for the year. Voluntary terminations closed at 0.68 percent, down roughly 15 percent both for the month and year.
  • Average Annual Compensation decreased slightly by 0.42 percent year-over-year to $108,326.

The complete report is available here.

About SMBeat

SMBeat provides a detailed analysis and a predictive forecast for trends in key human capital economic indicators for small businesses. TriNet generates the payroll information by tracking real-time movements within its base of approximately 3,000 entrepreneurial businesses, with between 10 and 150 employees, and earning approximately $100,000 in annual base salary. These companies fall primarily into three broad industry segments: technology, professional services, and financial services. SMBeat aggregates and reports data reflecting compensation, hiring and retention (both involuntary terminations and voluntary resignations), and also provides ongoing analysis of contributing factors to these trends, including regional, industry and seasonal variables. Additional details can be found on the company’s SMBeat web page

About TriNet

TriNet is a trusted partner to small businesses, providing critical HR-related services on an outsourced basis. TriNet’s solutions help contain costs, minimize employer-related risks and relieve administrative burden to keep an entrepreneur’s focus on core business functions. From employee benefits service and payroll processing to high-level human capital consulting, TriNet's PEO expertise is integrated with every facet of a client’s business. TriNet specializes in serving fast-moving companies in fields such as technology and financial services, who recognize that top-quality employees are the most critical competitive asset. For more information, please visit

Latest Press Releases

TriNet Announces First Quarter 2019 Results

April 29, 2019

9% Growth in GAAP Total Revenues and 14% Growth in Net Service Revenues for the First Quarter; 17% Growth in GAAP Net Income and 20% Growth in Adjusted Net Income for the First Quarter

TriNet to Report First Quarter 2019 Financial Results on April 29

April 15, 2019

TriNet (NYSE: TNET), a leading provider of full-service HR solutions for small and medium size businesses (SMBs), today announced it will release financial results for the first quarter ended March 31, 2019 after U.S. market hours on Monday, April 29, 2019.

TriNet Launches Ad Campaign Celebrating the Unsung Heroes Driving the U.S. Economy - Small and Medium Size Businesses

April 9, 2019

TriNet (NYSE: TNET), a leading provider of full-service HR solutions for small and medium size businesses (SMBs), today announced the launch of “People Matter,” a new ad campaign recognizing its customers—the hardworking, intrepid, unseen force behind the U.S. economy—small and medium size businesses.