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TriNet Webinar: How 2 Small Businesses Survived and Thrived during the Recession
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TriNet Webinar: How 2 Small Businesses Survived and Thrived during the Recession

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Numerous small businesses fared well during the recession, thanks to wise leadership and timely decisions. In this presentation used for the webinar "From the Desk of a CEO" on 12/03/2009, we show how …

Numerous small businesses fared well during the recession, thanks to wise leadership and timely decisions. In this presentation used for the webinar "From the Desk of a CEO" on 12/03/2009, we show how two small business executives led their companies to survive and thrive during the recent crisis.

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  • LORI:Hello everyone. Thank you for joining us and welcome to today’s Webinar titled “From the Desk of a CEO”. Today’s discussion will revolve around small businesses and how they’ve managed to thrive despite the economic downturn.My name is Lori Heyman, and I’ll be your moderator for today’s event. I have just a few quick announcements before we get started with the presentation. We will have a Q&A session at the end of the presentation, although please feel free to submit a question at any time. Simply type your question in the “ask a question” text area in the bottom corner of your screen, then click the submit button.  You may enlarge the slide window at any time by clicking on the “enlarge slide” button, located below the presentation window. The slides will advance automatically throughout the event. If you are experiencing problems with the program, please press the F5 button on your keyboard or close your window and re-launch the presentation using the alternate media player.  Let’s now get started with today’s presentation.  
  • BURTON: We’d like to welcome Ron Fortune, CEO of Education.com to tell us about his company and how it weathered the downturn. Ron? Give us some background on your company …
  • BURTON:Thank you, Ron. At this point, we’d like to welcome Dan Stockman, COO of i-Tech Support to tell us how his company weathered the recession. Dan?
  • -------Typically, when we meet with a company for the first time, they tell us about how overwhelming and complex it is to manage HR, They typically speak to challenges in 5 areas. (Build the slide and speak to each item).Managing the “alphabet soup” of regulations…not only keeping up with federal laws, but every state and many regions have different labor laws…and the tax code is ever-changing.At the same time, the responsibility of HR function is more than just Payroll. It now includes benefits planning, attracting and retaining talent, workers comp, and tons of administrative/compliance issues.As a result, it is very common for customers to tell us that in their previous DIY approach, many of the processes are ad-hoc, require manual effort and become a paperwork nightmare. Errosr can be made that have financial consequences.The complexity of today’s HR requires the management of multiple vendors to handle all entire scope of HR. Payroll vendor, multiple insurance vendors, multiple benefit vendors, etc.And finally, the explosion of benefit options has created a huge administrative burden for many businesses. Employees demand benefits packages and even a simple benefits package requires the management of paperwork and administration for multiple options, vendors and complexity.The results can be frightening…
  • -------TriNet is:1) An established company with high-growth in the last 3 years, and is financially stable with GA’s backing.2) Recognized as an innovator in the HR Outsourcing market with the leading HR IT platform and expertise in Human Capital Consulting practices3) Partner to a solid base of passionate customers, some of the most forward-thinking companies in business today.And the results are measurable…
  • -------Companies select TriNet because of 4 primary differentiators. I’ll briefly touch on these on this slide, and then we’ll cover them in more detail.First, TriNet acts as your Trusted Advisor, delivering the highest service levels in the industry. Only TriNet offer an integrated service team with knowledge specific to your company’s industry and situation. In addition, TriNet only employs certified expertise. We are the only vendor where 100% of our employees in our service network are professionally certified.Second, Benefits 2.0: TriNet offers the best benefits plan in the industry. Not only the broadest choice of plans to make sure you can deliver the right benefit for EVERY employee, but TriNet removes most of the barriers that prevent employees from enjoying a high-quality benefits plan. Third,100% paperless. Only TriNet offers a solution that completely eliminates your need to manage any paperwork. If you are considering other options, you may want to ask them if there are any forms or paper that you or your employees will need to fill-out to be part of their service.Finally, as your company grows, your HR needs will change. TriNet not only fits your needs today, but anticipates your needs as you grow and matches services to your ever-growing needs.Only TriNet offers these differentiated capabilities. And these are the reasons why so many companies choose TriNet.
  • Transcript

    • 1. From the Desk of a CEO
      How two small businesses thrived during the recession
      December 3, 2009
    • 2. Introducing the Speakers
      Dan StockmanCOO, i-Tech Support
      Burton M. GoldfieldPresident & CEO, TriNet
      Ron FortuneCEO, Education.com
    • 3. Today’s Agenda
      Surviving the Recession
      View from Ron Fortune, CEO of Education.com
      View from Dan Stockman, COO of i-Tech Support
      Overview of TriNet
      Q&A
    • 4. Surviving the Recession
      HR Trends Q3 Survey results
      58.3% have hired or are hiring in 2009, up from 55.2% in Q1
      60.7% feel their company is very successful in retaining talent in 2009
      Small businesses continue to pave the way
      In the meanwhile… companies need:
      Strong, prudent leadership
      Focus on core competency
      Trusted advisors
    • 5. Welcome Ron Fortune
      CEO, Education.com
    • 6. Ron Fortune, CEO of Education.com
      Education.com
      TriNet client since: 2006
      Number of employees: 24
      Location: Redwood City, CA
      Web destination for parents
      Parenting and educational consumer channels are growth areas
      Fastest-growing website in educational and parenting space (comScore)
      2009 4X growth in traffic and 3X growth in revenue
      Will expand business in 2010 in terms of revenue, web site visitors, content, and hiring
    • 7. Impact of the Recession
      Online advertising business model. $67 billion spent on online advertising in ‘09 vs. $69 billion in ‘08
      Cautious tone by our investors
      What we did:
      Followed prudent business practices as we always do
      Watched the spending. Continued to spend every dollar as if it was our last.
      Postponed raises
      Created emergency plan: to reduce company size, not implemented
      Established quarterly milestones that guided investment levels
    • 8. Three Lessons Learned
      Don’t overreact in crisis situations. Instead of layoffs, we stayed with the business plan.
      Metrics matters. Measure everything Make decisions based on data.
      Watch fixed costs. Outsource where possible. For Education.com, that means:
      HR
      Payroll
      Legal
      Development (content creation and software engineering)
      Expanded services using variable cost
    • 9. How TriNet Helped
      Outsourcing HR and Payroll to TriNet is more affordable than trying to perform internally
      Just started using TriNet's Talent Acquisition service to recruit talent
      In recruiting and retaining staff, we are able to be competitive with much larger businesses
      Online tools and support for employees
      HR support and web tools for managers (various admin levels)
    • 10. Welcome Dan Stockman
      COO, i-Tech Support
    • 11. Dan Stockman, COO of i-Tech Support
      i-Tech Support
      TriNet client since: 2005
      Number of employees: 13
      Location: Orlando, FL
      Virtual IT department to small and mid-sized businesses in the Southeast offering:
      Integrated computer systems design
      Network design
      Network security
      IP communications
      Tech support
    • 12. Impact of the Recession
      New prospect sales dipped.
      But people still need computers to work on.
      What we did:
      Cut G&A expenses. Will save $40K next year since we moved into a smaller space.
      Increased recurring revenue from client base. Goal: increase by $35k a month. Met and exceeded that in Q3 2009.
      Streamlined processes: outsourced when more efficient.
    • 13. Three Lessons Learned
      Ramp up sales and marketing efforts.Use every channel available: social media, mailers, events, and weekly webinars.
      Leverage your partners.Call your partners and generate a joint event where you split the costs.
      Make the best use of your time. Don’t spread yourself too thin by taking on too many things.
    • 14. How TriNet Helped
      Saved us money in healthcare costs
      Made a shift in healthcare providers which will save us a lot of money in 2010
      TriNet has become an extension of our business by handling all HR matters
      TriNet’s service has saved us time and protected us from liability by being our trusted advisor
      Dedicated service person providing extraordinary service: Marie Miller
      Expertise in a termination situation
      Support in answering HR questions
    • 15. TriNet Overview
    • 16. Many Responsibilities
      Choose Benefits
      Payroll Taxes
      Recruit , Hire, Onboard
      HR Administration
      Develop Leaders
      Lawsuits
      Workers Comp
      Handbook
      Compliance
      HR is Painfully Complex
      HIPAA
      ERISA
      STATE
      FCCPA
      FMLA
      Many Regulations
      IRCA
      ADA
      WARN
      FLSA
      EEO
      FEDRAL
      OFCCP
      ADEA
      EPA
      SOX
      OSHA
      DLSE
      COBRA
      Ad-Hoc, ManualProcesses
      Termination
      Reconciliation
      Performance
      Multiple Constituencies
      Claim Forms
      Recruiting
      Finance Owner Employees Managers
      Enrollment
      Many Suppliers to Manage
      POS
      HSA?
      Multiple Benefits Plans to Administer
      Vision
      EAP?
      Drug
      High Deductible
      Medical
      PPO
      Multiple Benefits Plans to Administer
      HMO
      Out of Network
      Disability
      FSA?
      Retirement
      Dental
    • 17. We’re a Strong, Stable Partner
      Solid, Growth
      Company
      HR Outsourcing Innovator
      Passionate Customers
      5
      8000
      74
      • 74% Revenue Growth over last 3 years
      • 18. $200M: Projected 2009 Revenue
      • 19. Backed by General Atlantic: Well-Funded
      • 20. 8,000 companies
      • 21. 130,000 Serviced Employees
      • 22. 97% Retention
      • 23. Inc Hall of Fame: 5 years
      • 24. Leading HR IT Platform
      • 25. Human Capital Consulting with Best Practices
    • We Cover the HR Spectrum
      Human
      Capital Plan
      “Big Company” Benefits and Administration
      Employer HR Services
      Benefits Funding Strategies
      Comprehensive
      Health Benefits
      Online
      Benefits Enrollment
      Benefits Comparisons, Calculators
      Multi-State Payroll Processing
      FSAs, HSAs, & other Voluntary Benefits
      Online Pay Stubs and W2s
      End-to-End Workers Compensation
      Payroll Deductions & Direct Deposit
      Policies, Procedures, & Handbooks
      PTO and Leave Processing
      On-Boarding and Termination
      EmployeeHR Services
      Employee
      Perks
      COBRA & EAP Services
      Employee Relations
      Premium 401(k)Plan
      Human
      Capital
      Dashboards
      Labor and Benefit Law Compliance
    • 26. 100%
      Paperless
      Trusted Advisor
      Grows With You
      Benefits 2.0
      • Eliminates Admin Burden
      • 27. Anytime, Anywhere Web Access
      • 28. Easy to Use Applications
      • 29. The Right Benefit Plan for Everyone
      • 30. Inclusive & Immediate
      • 31. Less Headache, More Compliant
      • 32. Experienced & Credentialed
      • 33. Industry-Focused Expertise
      • 34. Human Capital Audit & Plan
      • 35. Fits Your Needs Today
      • 36. Anticipates Your Needs as You Grow
      • 37. A-la-carte Strategic Services
      Why Companies Select TriNet
    • 38. Thanks for Listening
      Q&A
      For more information about TriNet and how HR Outsourcing
      can help your organization, visit www.trinet.com.