Client Hiring And SalesConfidence declined within TriNet’s SMB client base in the quarter, driving net CIE and new sales conversion modestly below muted expectations.
Healthcare CostsSecond-quarter insurance costs were slightly higher than expected due to a higher proportion of older health claims, presenting a one-time headwind to net insurance margin.
Macro UncertaintyIncreasing macro uncertainty is impacting sales conversions and resulting in lower net client hiring.