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Overview
Robert Half Inc (RHI) is the world’s first and largest specialized staffing and talent solutions firm. Founded in 1948, the company has a rich legacy of pioneering the professional staffing industry and continues to innovate by matching highly skilled professionals with rewarding career opportunities around the globe. With a vast network of over 400 offices worldwide, Robert Half delivers comprehensive staffing and consulting services to a multitude of industries, including finance, accounting, technology, legal, marketing, creative, and administrative sectors.
Core Services and Business Model
Robert Half is synonymous with tailored human resource solutions. The company excels in:
- Temporary and Permanent Staffing: Offering flexible staffing solutions, Robert Half provides both temporary and permanent placement services. Their outcome-based approach ensures that each engagement meets specific business requirements.
- Consulting Services: Through its subsidiary, Protiviti, Robert Half extends its expertise into consulting. This division specializes in internal audit, risk management, business consulting, and technology advisory services, assisting organizations in navigating complex regulatory landscapes and operational challenges.
- Executive Search: The firm’s comprehensive suite includes executive search services designed to identify and attract top-level talent for leadership and strategic roles.
Market Position and Industry Context
Operating in a dynamic and fragmented staffing industry, Robert Half distinguishes itself by focusing on specialized sectors. Its precise approach to matching candidates with specific skill sets to the nuanced demands of modern businesses has solidified its reputation in the market. The company’s dual emphasis on staffing and consulting not only enhances its service offering but also provides resilience against market fluctuations. With over seven decades of industry experience, Robert Half has cultivated deep expertise and a commitment to ethical practices, setting it apart from generalist staffing firms.
Operational Excellence and Global Reach
Boasting a global footprint that spans more than 400 locations, Robert Half leverages localized insights while maintaining a consistent and high-quality service delivery across regions. The company’s established presence in key markets allows it to address the distinct needs of diverse business environments. This extensive network is supported by rigorous candidate screening processes and a thorough understanding of client requirements, ensuring an optimal match between talent and opportunity.
Revenue Generation and Business Diversification
The company’s robust business model is underpinned by diversified revenue streams. Robert Half generates income through placement fees, consulting project fees, and executive search commissions. This diversified approach mitigates risk and enhances the firm’s ability to adapt to evolving market dynamics. By tailoring its strategies to meet the specific needs of both clients and candidates, Robert Half sustains long-term relationships that drive recurring business.
Competitive Landscape and Differentiation
In a competitive arena populated by general staffing agencies, Robert Half’s specialization is its key differentiator. The firm’s dedicated focus on high-value, specialized sectors ensures that it delivers services that are not only rapid but also meticulously aligned with both client expectations and market demands. Its dual business model serves as a strategic advantage, positioning it as a critical partner for organizations that require specialized talent and reliable consulting services.
Commitment to Ethical Practices and Industry Expertise
Ethics and expertise form the cornerstone of Robert Half’s business ethos. The company adheres to strict ethical standards, ensuring that its recruitment and consulting practices are conducted with the highest levels of professionalism and integrity. This commitment to ethical practices is reinforced by its longstanding recognition on esteemed industry lists, underscoring the reliability and trustworthiness that clients and candidates have come to expect. By emphasizing transparency and quality, Robert Half continues to uphold its reputation as a trusted advisor in the staffing and consulting domains.
Client and Candidate Assurance
Robert Half maintains an unwavering focus on understanding and meeting the diverse needs of its clients and candidates. Its comprehensive suite of services is designed to provide a personalized approach that bridges skill gaps and fosters career development. By combining deep market insights with a refined matching process, the firm ensures that every placement contributes to both operational efficiency for businesses and career advancement for professionals.
Integration of Industry-Specific Expertise
Embedded within the narrative are industry-specific keywords such as specialized staffing, talent solutions, and professional consulting. These terms not only reflect the company's core competencies but also signal to readers the depth of its expertise. This strategic use of terminology enhances the overall understanding of Robert Half’s pivotal role in the industry, emphasizing its ability to deliver focused, effective, and ethically-grounded staffing and consulting services.
Conclusion
Robert Half Inc stands as a cornerstone in the realm of specialized staffing and business consulting. Its pioneering history, expansive global network, and dual focus on staffing and consulting converge to create a robust and adaptable business model. By maintaining ethical standards and leveraging industry-specific knowledge, Robert Half has established itself as a reliable resource for connecting highly skilled professionals with exceptional opportunities. This comprehensive approach ensures that the company remains a stalwart in its industry, delivering innovative solutions that meet the evolving needs of a diverse and dynamic workforce.
Economic uncertainty remains the primary concern for global business leaders, according to a new survey by Protiviti and North Carolina State University's ERM Initiative. The 13th annual survey, polling 1,215 board members and C-suite executives worldwide, assessed 32 risks over near-term (2-3 years) and long-term (decade) horizons.
The top three near-term risks identified are: economic conditions including inflationary pressures, cyber threats, and talent-related challenges. Notably, resistance to change dropped from 4th place in 2023 to 17th in 2024, suggesting improved organizational resilience.
For the 2035 outlook, key concerns remain consistent: economic conditions and inflationary pressures lead macroeconomic risks, regulatory changes top strategic risks, and cyber threats dominate operational risks. The survey also highlights emerging concerns about geopolitical shifts (22% of executives), customer loyalty (22%), and supply chain issues (16%).
Robert Half (NYSE: RHI) has announced an increase in its quarterly cash dividend. The company's board of directors has approved a raise from $0.53 to $0.59 per share, representing an 11.3% increase. The dividend will be paid on March 14, 2025, to shareholders of record as of February 25, 2025.
Robert Half (NYSE: RHI) has been named one of Fortune's 2025 World's Most Admired Companies, marking its 28th consecutive year on the prestigious list. The company stands as the only one in its industry to achieve this long-standing recognition.
The ranking is based on a comprehensive survey of approximately 15,000 senior executives, directors and analysts who evaluate companies across nine key criteria. Companies are assessed on factors including talent attraction and retention, and innovation. The evaluation includes the 1,000 largest U.S. companies by revenue and non-U.S. companies with revenues of $10 billion or more from Fortune's Global 500 database.
President and CEO M. Keith Waddell attributed this recognition to the company's core values, positive workplace culture, and employee dedication. Robert Half's operations are guided by its fundamental principles of integrity, inclusion, innovation and commitment to success, which form the foundation of their service delivery to employees, clients, candidates and communities.
Robert Half's latest survey reveals declining job search intentions among U.S. workers, with only 29% planning to seek new positions in early 2025, down from 35% in July 2024. The study of over 2,000 workers shows high career satisfaction levels, with 81% content in their current roles.
Key satisfaction factors include: competitive salaries with merit increases (83%), fair workloads (77%), and positive work culture (77%). Additionally, 88% feel their skills align with their jobs, and 86% maintain good work-life balance. Worker confidence remains strong, with 95% feeling confident in their abilities and 77% having learned new skills in the past year.
Gen Z (40%) and Millennial (35%) professionals show the highest likelihood of job changes. The survey also identified major hiring deterrents, including missing salary ranges (41%), vague job descriptions (36%), and high turnover (35%).
Robert Half (NYSE: RHI) reported its Q4 2024 financial results with net income of $54 million ($0.53 per share) on revenues of $1.382 billion, compared to net income of $87 million ($0.83 per share) on revenues of $1.473 billion in Q4 2023.
For the full year 2024, the company reported net income of $252 million ($2.44 per share) on revenues of $5.796 billion, down from net income of $411 million ($3.88 per share) on revenues of $6.393 billion in 2023.
Protiviti, the company's consulting division, showed year-on-year revenue growth for the second consecutive quarter. Contract revenues maintained stability throughout Q4, remaining at early third-quarter levels for 23 consecutive weeks before the holidays. The company was recognized by Fortune as one of the World's Most Admired Companies for the 28th consecutive year.
Protiviti, a subsidiary of Robert Half (NYSE: RHI), has announced the promotion of 22 leaders to managing director and senior director positions effective January 2025. The promotions span across various service areas including Internal Audit, Financial Advisory, Risk and Compliance, Technology Consulting, and Business Performance Improvement.
The company has elevated 20 professionals to Managing Director positions across global locations including the US, UK, Germany, Colombia, Mexico, and the Netherlands. Additionally, two professionals were promoted to Senior Director roles. Beyond these leadership appointments, Protiviti has promoted over 1,000 employees across its global operations in 25 countries.
As a global consulting firm, Protiviti serves more than 80% of Fortune 100 and nearly 80% of Fortune 500 companies, providing expertise in finance, technology, operations, data, digital, legal, HR, risk and internal audit through its network of over 90 offices worldwide. The firm has been recognized on the Fortune 100 Best Companies to Work For® list for ten consecutive years.
Robert Half (NYSE: RHI) has announced its schedule for fourth-quarter 2024 earnings release, set for Wednesday, January 29, at approximately 4:05 p.m. EST. The company will hold a conference call at 5 p.m. EST on the same day to discuss the results.
Participants can join the call using the dial-in number 888-394-8218 (or +1-323-994-2093 for international callers) with confirmation code 2689591. It is recommended to dial in 15 minutes before the call starts. An audio replay will be available from 8 p.m. EST on January 29 and will remain accessible for 12 months via the company's website and https://www.webcasts.com/RobertHalfQ42024.
Robert Half (NYSE: RHI) announced that two of its executives have been named to the Staffing Industry Analysts' 2025 North America Staffing 100 list. Paul F. Gentzkow, president and CEO of Talent Solutions, and Dawn Fay, operational president, were recognized for their leadership and industry contributions.
Gentzkow, who has led talent solutions at Robert Half for nearly 40 years, has expanded operations to over 300 locations worldwide across multiple continents. He has also overseen the implementation of new service lines and technology integration.
Fay, who joined in 1996, oversees permanent and contract finance and accounting, administrative, and legal practice groups in 70 offices throughout the Central United States and New York Tri-State region. She is recognized as an industry expert and frequently represents Robert Half in national media.
Protiviti, a global consulting firm, has announced the adoption of Ardoq's cloud-native Enterprise Architecture platform for internal use, aiming to enhance operational efficiency, transparency, and agility. The implementation builds on Protiviti's existing expertise in providing Enterprise Architecture services using Ardoq's technology.
The firm plans to utilize the platform for comprehensive documentation and understanding of its global systems, focusing on improved integration. The initiative aims to enhance data quality and accelerate decision-making across the organization. Through modeling their IT landscape and evaluating scenarios for consolidation, Protiviti anticipates reduced costs and complexity, while improving agility through standardization and automated workflows.
Notably, Protiviti won Ardoq's Innovation Partner of the Year award in 2023, highlighting their successful collaboration. This strategic move is expected to improve both Protiviti's internal operations and client service delivery.
Robert Half's State of U.S. Hiring Survey reveals strong hiring intentions for the first half of 2025, with 63% of companies planning to add new permanent positions, up from 52% in the previous period. The same percentage intends to increase contract professionals. Company growth (56%), new projects (48%), and employee turnover (47%) are the main drivers behind these hiring plans.
The survey highlights challenges of unfilled positions, including employee burnout (42%), delayed projects (39%), and decreased productivity (37%). To attract and retain talent, companies are implementing strategies such as developing mentorship programs (35%), hiring contractors for potential full-time roles (33%), offering paid internships (32%), and rehiring retired employees as consultants (22%).
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