TriNet Management Team Elected to Key Industry Governance Roles.Martin Babinec and Greg Hammond to Serve Critical Entities that Help Drive the Professional Employer Organization A professional employer organization (PEO) provides outsourcing of payroll, workers' compensation, human resources and employee benefits administration. It does this by hiring a client company’s employees, thus becoming their employer of record. Industry SAN LEANDRO San Leandro (săn lēăn`drō), city (1990 pop. 68,223), Alameda co., W Calif., on San Francisco Bay; inc. 1872. Metal, wood, and paper products; chemicals; leather goods; foods and beverages; medical equipment; lighting fixtures; and , Calif. -- TriNet, a nationwide provider of human resource (HR) outsourcing services for small and mid-sized companies, today announced two of its top executives have been elected to key leadership positions within the Professional Employer Organization (PEO) industry. TriNet's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Martin Babinec, has rejoined the Board of Directors of the National Association of Professional Employer Organizations (NAPEO NAPEO National Association of Professional Employer Organizations ) and Greg Hammond, executive vice president and general counsel, received a position on the board of the Employer Services Corporation (ESAC ESAC European Space Astronomy Centre (Madrid, Spain) ESAC Employer Services Assurance Corporation ESAC Electronic Shock Absorber Control ESAC European Study Abroad Center ESAC Energy Systems Analysis Consortium ). NAPEO and ESAC are critical entities that help drive the Professional Employer Organization industry and contribute to its overall health and integrity. Babinec first served on the NAPEO Board of Directors in 1996. NAPEO re-elected him to the board based on his extensive industry experience, depth of knowledge, and the respect he has from his peers in the industry. "This is an important time in the growth of the HR outsourcing industry," said Martin Babinec, CEO and president of TriNet. "I look forward to the opportunity to contribute time and energy to the success of NAPEO, particularly in partnership with industry and government representatives, as we focus on strengthening the industry and safeguards for customers and employees alike." The ESAC selected Greg Hammond to chair the Client Reporting Committee, with the dual goals of unifying PEO reporting of confidential customer information in a secure electronic environment as well as developing a regulatory database that enables efficient regulation of the industry and safeguarding of customers. "ESAC provides an indispensable layer of trust and integrity to the relationships between PEOs and their customers," said Greg Hammond. "They are the sole entity in existence that helps ensure the financial and regulatory stability of PEOs, which is a notoriously complicated and difficult to track business. I'm pleased to be a part of ESAC and look forward to helping them drive its oversight of our high-growth industry." Hammond also serves on NAPEO's Regulatory Task Force, while Jay Pimentel, associate general counsel at TriNet, continues his role with NAPEO's Legal Advisory Council. About NAPEO NAPEO (www.napeo.org) is the recognized "Voice of the PEO Industry.(R)" NAPEO has more than 500 members found in all 50 states, representing more than 70 percent of the revenues of the $51 billion PEO industry. About ESAC ESAC administers an accreditation program for the PEO industry to verify compliance with government regulations and important industry standards. ESAC-accredited PEOs submit audited financial statements and quarterly independent CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. verification of payment of taxes, benefit contributions and insurance premiums. The performance of key employer responsibilities by accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. PEOs is backed by bonds providing financial assurance provided to their customers, worksite employees, insurers and regulatory authorities. About TriNet Group, Inc. Founded in 1988, TriNet delivers outsourced human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada and specializes in serving technology, financial service, and professional service firms. Its offerings include human asset administration, employer risk management, online employee benefits administration and support, payroll processing, tax compliance, workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. , group health and welfare products, and strategic human capital consulting services. More than simply an HR services provider, TriNet contractually assumes certain legal and financial responsibilities regarding employer rights, legal compliance and risk management. For more information about TriNet, visit http://www.trinet.com. |
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