TriNet March SMBeat Report

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Following Economic Trends in Small Business. March 2013. National Employment Report. Net TriNet employment levels grew 0
March 2013

Following Economic Trends in Small Business SMBeat March Highlights

National Employment Report

National Employment Report: Net TriNet

Net TriNet employment levels grew 0.59% in March, down from February’s growth of 0.67%.

employment levels grew 0.59% in March, down from February’s growth of 0.67%.

Hiring Trends in Selected Markets & Verticals: In March, Southern California biotech see net job decrease of -2.35%, New York-based finance firms see a decrease of -1.03%, and San Francisco Bay technology firms increase by 0.73%.

Hiring at TriNet companies outpace terminations by 124%. New hires increase by 3.01% while terminations contract to 2.44%.

Employment Metrics *Trend figures denote relative change from prior month.

March Results

Total Jobs RATE

0.59%

TREND (-11.9%)

RATE

Hiring Rate %

3.01

TREND (-6.4%)

Quit Rate %

Discharge Rate %

1.19

1.21

(-11.3%)

(-1.2%)

Quit Rate %

Discharge Rate %

April Forecast

Total Jobs RATE

0.83%

TREND (+41.4%)

RATE

Hiring Rate %

3.31

TREND (+10.2%)

1.23

1.27

(+3.4%)

(-5.1%)

Employment Discussion Job creation at TriNet companies remained positive while contracting 12% to 0.59% for March. Total terminations decreased 5.0% to 2.42%, split nearly evenly between 1.19% voluntary quits and 1.21% involuntary discharges. Hiring rates at TriNet’s Information Technology companies continue to out pace the fourteen other verticals tracked by this report. TriNet’s Information Technology companies saw a net job increase of 2.49% compared to an average net increase of 0.25% across

the fourteen other verticals. Bay Area Technology employees saw the highest average salary at $162,000. TriNet companies in both east and west coast regions continue to see strong growth in hiring trends and average salary ranges. California technology hires saw a decreased average salary of $130,000. Please see the Appendix for supporting charts and graphs.

Hiring Trends in Selected Markets & Verticals In March, Southern California Biotech companies see net job decrease of -2.35%, New York-based finance firms see a decrease of -1.03%, and San Francisco Bay technology firms increase by 0.73%.

3.69% 2.96% 3.09%

*Not seasonally adjusted.

-2.35%

Southern Califonia BIOTECH/ LIFE SCIENCES

126,475

INFORMATION TECHNOLOGY

2.47%

$

San Francisco Bay Area

99,187

0.73%

$

$

162,547

4.82% 2.06%

-1.03% New York City

BANKING/ FINANCE

Appendix: Monthly Employment Metrics in Detail Chart 1: Overall Employment Trends 4.00%

3.50%

3.00%

Hires % Hires Forecast

2.50%

Terms % Terms Forecast

2.00%

Net % Net Forecast

1.50%

1.00%

0.50%

0.00%

2/12

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9/12 10/12 11/12 12/12 1/13

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Chart 2: Quits vs. Discharges 1.60%

1.40%

1.20%

Vol % Vol Forecast

1.00%

Ivol % Ivol Forecast

0.80%

0.60%

0.40%

0.20%

0.00%

1/12

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Chart 3: Industry Hiring Trends

Hire % Term % Net % Average Salary

6.00%

$140,000

5.00%

$120,000

4.00%

$100,000

3.00%

$80,000 2.00%

$60,000 1.00%

$40,000

0.00%

-1.00%

$20,000 Personal Services

-2.00%

Professional Services

Retail/ Wholesale

Financial Services

Information Technology

Manufacturing/ Industrial

$-

About SMBeat SMBeat provides a detailed analysis and a predictive forecast for trends in key human capital economic indicators for small businesses. All reported statistics are seasonally adjusted unless otherwise indicated. All reported months begin 7 days prior to the beginning of the current calendar month and end 7 days prior to the beginning of the next calendar month. TriNet generates payroll information by tracking real-time movements within its base of approximately 7,000 entrepreneurial businesses whose employees earn approximately $100,000 in annual base salary. These companies fall primarily into three broad industry segments: technology, professional services, and financial services. SMBeat aggregates and reports data reflecting compensation, hiring and retention (both involuntary terminations and voluntary resignations), and also provides ongoing analysis of contributing factors to these trends, including regional, industry and seasonal variables. Slight adjustments will be made to historical figures in time series charts if and when updated employment information about actual prior periods is obtained. Any significant changes will be called out in this section. Additional details can be found on the company’s SMBeat web page trinet.com/smbeat.

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