The Howdy Glossary

TriNet is a cloud-based Professional Employer Organization (PEO) that provides HR services, employee benefits packages, payroll processing, and risk compliance solutions for businesses. The platform automates tasks such as onboarding new hires and ensures regulatory compliance with tax and labor laws. By allowing companies to outsource employee management responsibilities, TriNet grants access to benefits typically offered by larger enterprises.

Founded in 1988 by Martin Babinec, TriNet was established to help small and medium-sized businesses effectively manage their HR functions through comprehensive services accessible via a cloud platform. The company differentiates itself from competitors like ADP TotalSource, Insperity, Oasis, Justworks, and Paychex by offering tailored solutions specifically designed for smaller businesses. This focus enables these companies to streamline workforce management while providing competitive advantages in terms of employee benefits.

TriNet's significant competitive advantage lies in its customizable PEO platform that caters specifically to the needs of small and medium-sized businesses. Its software not only provides comprehensive HR services but also automates key processes such as onboarding and regulatory compliance tasks. By enabling companies to offer attractive benefit packages typically reserved for larger enterprises, TriNet helps these businesses attract top talent and retain employees more effectively while allowing them to concentrate on their core operations for growth and success in the market.