SAN LEANDRO, California, December 5, 2013 /PRNewswire/ --
TriNet, a leading cloud-based provider of HR services, today announced the findings of the November issue of its TriNet SMBeat. The SMBeat report is a monthly analysis of small business employment and human capital economic indicators. A key finding of the report is that on the opening of the 2013 holiday shopping season, month over month net job growth increased 25% moving to 1.44% in the retail and wholesale markets. In addition, the report data shows a year-over-year increase in hiring and a simultaneous decrease in year-over-year terminations. Both are positive economic indicators for the retail and wholesale small business sectors.
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Key findings - sourced from TriNet's more than 8,000 customers and over 220,000 worksite employees in the U.S.
In addition to the strong growth in the retail, wholesale and tech verticals, the TriNet population as a whole, comprising over 220,000 employees of small businesses, experienced a net job growth of 1.32%, nearly doubling from October's growth of 0.71%.
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About TriNet
TriNet is a trusted strategic HR 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 their core business functions. From employee benefits and payroll processing to high-level human capital consulting, TriNet's Professional Employer Organization (PEO) expertise and best in class systems relieve clients of many of the day to day administrative burdens that distract them from building and growing their businesses. TriNet serves small and medium-sized companies in a broad range of verticals such as biotech, consulting, financial services, food services, hospitality, not-for-profit, technology and many others, who recognize that top-quality employees are the most critical competitive asset. For more information, please visit http://www.trinet.com.
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Media Contacts:
Jock Breitwieser
TriNet
Jock.Breitwieser@TriNet.com
+1-(510)-875-7250
Michelle Sieling
Bond PR
Michelle@bondprus.com
+1-(415)-349-7434
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