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Hi there - Jock Breitwieser here; director corporate communications at TriNet. TriNet is a Professional Employer Organization (PEO). As a PEO, we enter into a
by jbreitwieser 11y ago
Hi there - Jock Breitwieser here; director corporate communications at TriNet.
TriNet is a Professional Employer Organization (PEO). As a PEO, we enter into a so-called co-employment with our clients.
Here's an overview:
https://en.wikipedia.org/wiki/Professional_employer_organization https://en.wikipedia.org/wiki/Professional_employer_organiza...
http://www.trinet.com/company/news_and_press/resources/peo_fact.htm http://www.trinet.com/company/news_and_press/resources/peo_f...
Through this co-employment, TriNet becomes the employer of record for the 314,000+ employees of its 12,000+ clients (as of 9/30/15).
Because this co-employment gives a PEO significant scale, the PEO can offer its clients services/rates that a smaller company with less employees can never access.
In addition, through the co-employment model, a PEO also has 'skin in the game' with compliance issues, because everything is reported under their FEIN number.
Hope this helps. Happy to explain more or give you additional (independent) resources. jock.breitwieser AT trinet DOT com