According to the U.S. Census, the expected lifetime earnings of a high school graduate are $1.4 million, while the expected earnings of a bachelor’s degree holder are $2.4 million. Additional academic research has estimated that the true opportunity cost of not obtaining a college degree is $500,000. Additionally, while post-secondary degree holders were not exempt from the pressures of the diminishing economy, they experienced lower overall unemployment rates than the workforce as a whole.
Below are key findings of the August 2014 TriNet SMBeat Report. The data is sourced from TriNet’s over 9,000 clients and more than 258,000 worksite employees in the U.S and the Bureau of Labor Statistics:
According to a recent study, there are 3.6 unemployed workers for every job in the United States. Many jobs are going unfilled simply for lack of people with the right skill sets. The President of the United States has recognized this issue as he recently put forth a call to action on college opportunity to help ensure that every child, rich or poor, has the access to a quality college education. His goal is for working and middle class Americans to be able to afford and attend college. Given the impact higher education has on earnings and the ability for gainful employment and a healthy, balanced life, it seems clear that every effort should be made to help Americans attend college and gain the skills necessary to get the jobs they want and need.
In addition to the findings on the importance of higher education, below are the key findings on economic employment indicators across TriNet’s clients in August:
For additional details and to receive monthly SMBeat alerts, visit TriNet.com/smbeat.
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.
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 Tiffany Julian, “Work-Life Earnings by Field of Degree and Occupation for People with a Bachelor’s Degree: 2011,” American Community Survey Briefs, October 2012. http://www.census.gov/prod/2012pubs/acsbr11-04.pdf
 As of June 30, 2014. Data is sourced from full-time and salaried employees of TriNet’s clients, which we refer to as worksite employees.
 Steve Crabtree, “Obesity Linked to Long-Term Unemployment in U.S.” Gallup Well-Being, June 18, 2014. http://www.gallup.com/poll/171683/obesity-linked-long-term-unemployment.aspx
The White House Office of the Press Secretary, “Fact Sheet: The President and First Lady’s Call to Action on College Opportunity,” January 16, 2014. http://www.whitehouse.gov/the-press-office/2014/01/16/fact-sheet-president-and-first-lady-s-call-action-college-opportunity
January 6, 2021
“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.”
December 29, 2020
Samantha Wellington, senior vice president, chief legal officer and secretary at TriNet, along with Alex Warren, senior vice president, customer experience at TriNet will dig into what the new stimulus package means for SMBs.
November 19, 2020
TriNet, a leading provider of comprehensive human resources for small and medium-size businesses (SMBs), today announced that renowned corporate executive and entrepreneur Maria Contreras-Sweet has been appointed to the company’s board of directors.