SAN LEANDRO, Calif. – MAY 15, 2014 – TriNet (NYSE: TNET), a leading cloud-based provider of HR services, today announced the findings of the April issue of its TriNet SMBeat. April’s report features an in-depth look at the total cost of health benefits to employers and employees across industries. According to the report, employers in the San Francisco Bay Area sponsor big-ticket health benefits packages, with an average cost of $10,400. The SMBeat report is a monthly analysis of small business employment and human capital economic indicators.
Total health benefit expenses are impacted by factors such as availability and cost of care across geographic regions. Employers often subsidize the costs of these health benefits as a means to attract and retain talent. As the implementation of the Affordable Care Act continues, companies and employees are presented with new options when selecting their health insurance coverage. This means employers are faced with additional regulations and complexity when weighing if they will maintain health benefits despite the recent changes in national health insurance.
Below are the report’s key findings on employer contributions for employee benefits across industries and geographic regions. The data is sourced from TriNet’s more than 9,000 clients and approximately 240,000 worksite employees in the U.S.:
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TriNet is a leading provider of a comprehensive human resources solution for small to medium-sized businesses, or SMBs. We enhance business productivity by enabling our clients to outsource their human resources, or HR, function to one strategic partner and allowing them to focus on operating and growing their core businesses. Our HR solution includes services such as payroll processing, human capital consulting, employment law compliance and employee benefits, including health insurance, retirement plans and workers compensation insurance. Our services are delivered by our expert team of HR professionals and enabled by our proprietary, cloud-based technology platform, which allows our clients and their employees to efficiently conduct their HR transactions anytime and anywhere. For more information, please visit http://www.trinet.com.
Jock Breitwieser Michelle Sieling
TriNet Horn Group
(510) 875-7250 (415) 905-4013
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 As of March 31, 2014
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“This award is an incredible honor because it is based on feedback from our customers,” said TriNet President and CEO Burton M. Goldfield. “Our mission at TriNet is to provide our 18,000-plus small and medium-size business customers with a full-service HR solution that allows them to focus on growing their business. Now, more than ever, these businesses need our support and we are both excited and motivated to continue to service our customers into 2021 and beyond.”
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