Companies offering labor-saving solutions should expect to see high demand, especially during the holidays, as the problem of the labour shortage will continue. TriNet Group (NYSE 🙂 and Automatic Data Processing NASDAQ : should both benefit from rising labor demand and payroll processing. What stock do you think is the best buy? Learn more. TriNet Group, Inc., (TNET), provides human resource solutions to small and medium-sized businesses throughout the United States. It offers payroll processing, tax administration, worker benefits programs, workers comp insurance, claims management and compliance with employment and benefits laws. Automatic Data Processing, Inc., (ADP), on the other hand, provides global cloud-based solutions for human capital management. The company operates two distinct segments: Employer Services and Professional Employer Organization.

While the resurgence of COVID-19 cases and fears over the omicron coronavirus variant pose some degree of uncertainty, historically high job openings are leading to increasing demand for staffing & employment services companies. U.S. The U.S. Staffing Industry Forecast predicts that the U.S. will see an increase of 16% in its staffing revenues to $157.40billion this year. TNET as well as ADP will therefore both benefit.

TNET’s gains over the last six months have been 34.3%, and ADP 17.1%. However, ADP’s 12.5% gains over the past three months are higher than TNET’s 5.9% returns. Moreover, ADP is the clear winner with 32.9% gains versus TNET’s 20% returns in terms of the past nine months’ performance.

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