About GEVITY HR, L.P.

TriNet Group helps clients focus on the bottom line. The firm provides employer and human resources services to about 14,000 small and midsized growth companies (with 10 to 500 employees) throughout the US and Canada. Clients primarily come from the financial, technology, and non-profit industries. TriNet offers administrative, professional, and human resources services, handling talent acquisition, payroll, benefits, and related functions such as managing health care plans and retirement plans, evaluating work performance, and running corporate Web portals. It also runs a Web-based HR portal through technology from Oracle. Founded in 1988, TriNet in 2014 began trading on the New York Stock Exchange.

Operations

TriNet's professional services system offers HR transaction capabilities, including payroll and tax admin, and a cloud-based record of HR transactions. The system allows for real-time employee-end paid time off requests and approval status, and payroll information.

TriNet offers clients and worksite employees sponsored benefits and insurance programs. The company makes 85% of its revenue from insurance services, and the remainder from professional.

Geographic Reach

Based in the San Francisco Bay area, TriNet has about 50 offices across the US and Canada. It generates 99% of revenue in the US.

Sales and Marketing

TriNet sells its services through a direct sales force who work in specific industry verticals. The company also uses billboards, digital and print advertising, e-mail, direct mail and social media. Its list of more than 14,000 clients have included EDL Consulting, GlobalLogics, Illinois Children's Healthcare Foundation, Jackboro National Bank, Primera Biosystems, United Community Bank of Highland Village, FEI Behavioral Health, MedAvante, GenoLogics, CitizenLink, Families International, The Shea Center, Communities in Schools, Hooah, Docker, Inc., and VIMAC Ventures.

TriNet serves a range of sectors and industries, including consulting, entertainment, financial services, healthcare, hotels & resorts, legal, life sciences, manufacturing, not-for-profit, professional services, real estate, restaurants, retail, skilled trades, property management, and technology.

The company offers four industry-specific products: TriNet Technology, TriNet Financial Services, TriNet Life Sciences, and TriNet Nonprofit.

Financial Performance

TriNet has enjoyed significant growth over the last few years. In fiscal 2016 the company's revenue climbed to more than $3 billion, up from $2.7 billion in fiscal 2015. The strong performance was driven by an increase in worksite employees (WSEs) and a resultant increase in insurance revenue per WSE. Net income has likewise been growing (although not as consistently as net sales), and leaped to $61 million in fiscal 2016, up from $31 million in fiscal 2015 due to the higher revenue and a decrease in bank fees relating to lower debt levels. Cash from operating activities grew to $144 million in fiscal 2016 from $130.6 million in fiscal 2015 as a result of the increased revenue and net income combined with decreased operating expenses.

Strategy

TriNet aims to grow geographically and through acquisitions, as well as expend its product offering. The company targets small and midsized businesses. Its HR platform, called TriNet Not-for-Profit, is intended to streamline HR admin and manage compliance.\

The company's strategy is to provide industry-specific products and services to help its clients address their HR needs and allow them to focus on operating and growing their businesses. TriNet's industry-oriented (vertical) approach is a key differentiator for the company. The industry-oriented approach lets the company's sales force, product development, and service teams tailor product and service offerings to the specific industry needs of TriNet's clients.

TriNet's strategy includes plans to continue to invest in product development to improve the functionality, experience, and ease of use of its products and services.

Mergers and Acquisitions

TriNet acquired Teleborder, Inc., a California-based immigration HR service provider with a portfolio of small and midsized US businesses.

- Show Less + Show Full Description

GEVITY HR, L.P.

9000 Town Center Pkwy
Lakewood Ranch, FL 34202-4101
Phone: 1 (941) 748-4540
Fax: 1 (941) 748-4690

Stats

  • Employer Type: Public
  • Ptnr: Peter Grabowski
  • Manager: Jay D Grubbs
  • Human Resources Consultant, Phr: Sherry Mueller
  • Employees: 782

Major Office Locations

  • Lakewood Ranch, FL

Other Locations

  • Charlotte, NC