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Robert Half Inc. (NYSE: RHI) is the world's first and largest specialized staffing firm, established in 1948. The company provides skilled professionals in a variety of fields including accounting and finance, technology, legal, creative, marketing, and administration. With more than 400 consulting and staffing locations worldwide, Robert Half offers businesses a full spectrum of specialized staffing and consulting solutions.
A pioneer in professional staffing services, Robert Half has consistently earned accolades for its performance and ethical standards. It has appeared on Fortune® magazine's 'Most Admired Companies' list every year since 1998 and on Ethisphere's 2013 list of the 'World's Most Ethical Companies'.
Robert Half's subsidiary, Protiviti®, is a global consulting and internal audit firm specializing in risk, advisory, and transaction services. Protiviti has made significant strides in addressing global issues, recently donating its 15 millionth meal through its 'i on Hunger' program. This initiative and others reflect the company's commitment to social responsibility.
Financially, Robert Half reported annual revenues of $6.393 billion for the year ending December 31, 2023. Despite facing global economic challenges, the company continues to show resilience and adaptability. Its diverse range of services, which includes temporary, permanent, and outcome-based staffing, positions it as a leader in the fragmented U.S. staffing industry.
Recent announcements include the expected release of first-quarter 2024 earnings results on April 25, 2024. The company's management will conduct a conference call to discuss earnings and future prospects, displaying transparency and proactive communication with investors.
Additionally, Robert Half's leadership has been instrumental in maintaining its industry-leading status. Executives like Robert Hosking and Keith Waddell have contributed significantly through their strategic vision and operational expertise.
Recent Achievements:
- Named one of Fortune's 100 Best Companies to Work For®
- Recognized as a Forbes Best Employer for Diversity
- Honored as America's Most Responsible Companies by Newsweek
- Donated over 150,000 meals through the 'Birdies for Meals' campaign
In summary, Robert Half Inc. stands out not only for its longevity and financial stability but also for its ethical practices and social responsibility, making it a compelling choice for investors and job seekers alike.
Protiviti's 2024 Global Finance Trends Survey reveals that data security and privacy have become top priorities for CFOs and finance leaders, with 61% rating them as high priority. This shift is driven by new cybersecurity disclosure requirements and rising cyber threats. The survey also highlights the increasing adoption of generative AI in finance departments, with 44% of public organizations employing this technology.
Key findings include:
- Financial planning and profitability analysis is the second-highest priority
- 34% of finance organizations are using generative AI, primarily for process automation and financial forecasting
- 57% of finance leaders report meaningful progress in cost optimization
- 59% of public organizations feel highly prepared for ESG reporting
The survey, conducted among 950+ global finance leaders, shows a shift in CFO responsibilities towards data governance and cybersecurity investments.
Robert Half (NYSE: RHI) has been named one of PEOPLE's Companies that Care® for 2024, highlighting its commitment to an inclusive workplace, employee well-being, and community impact. This recognition is based on confidential feedback from over 1.3 million survey responses across 8.2 million employees.
Key factors contributing to Robert Half's selection include:
- A people-first culture with regular employee surveys and flexible work options
- An inclusive workplace with extensive professional development and mentoring programs
- Strong community support, with charitable contributions exceeding $7 million in 2023
M. Keith Waddell, President and CEO, expressed honor at the recognition, emphasizing the company's commitment to fostering an environment where employees can thrive while positively impacting communities.
Robert Half's new survey reveals 68% of hiring managers report increased employee productivity compared to last year. Key factors include improved management practices (33%), enhanced staff training (31%), and new technologies (29%). 36% of workers cite improved efficiency due to AI, while 54% say hybrid work options boost productivity.
However, 36% of workers are logging more hours than a year ago, raising concerns about burnout and turnover. To address this, experts suggest flexible staffing solutions, such as hiring contract professionals for busy periods, to optimize productivity and support employee well-being.
Global consulting firm Protiviti has been named a Workday Services Partner by Workday, Inc. (NASDAQ: WDAY). This partnership enables Protiviti to collaborate with Workday in managing customers' workforce programs and implementing technology-enabled business transformations. Protiviti will offer a full range of services to help design, configure, implement, and maintain the Workday platform, driving efficiency, standardization, and cost savings for clients.
The partnership leverages Protiviti's expertise in technology and business transformation, allowing them to provide access to best-in-class resources for security, controls, and change management. Protiviti's capabilities are further enhanced by its access to specialized talent through its parent company, Robert Half Inc.
Protiviti, a global consulting firm, has received the Alliance Excellence Award from the Association of Strategic Alliance Professionals (ASAP) in the Best Ecosystem Solution category for its collaboration with SAP. The award recognizes Protiviti's innovative solution that integrates AWS cloud solutions and the Microsoft Copilot GenAI engine with SAP's offerings.
Protiviti's global ecosystem program includes over 70 strategic partnerships across various industries and consulting practices. The firm has developed a proprietary Ecosystem Maturity Model to guide alliance partners' growth. Protiviti has also received several other awards for its ecosystem program, including recognition from Blackline, Microsoft, Ardoq, ServiceNow, and Workiva.
Robert Half Inc. (NYSE: RHI) has announced a quarterly cash dividend of $0.53 per share. The dividend will be paid on Sept. 13, 2024, to shareholders of record as of Aug. 23, 2024. This announcement demonstrates the company's commitment to returning value to its shareholders and maintaining a consistent dividend policy. The declaration of a dividend often signals financial stability and confidence in future cash flows. However, investors should consider the sustainability of dividend payments in light of the company's overall financial health and market conditions.
Protiviti's 20th anniversary Internal Auditing Around the World® report highlights the significant evolution of internal audit over the past two decades. The report, titled 'Exploring a Universe of Experience as a Launchpad to the Future,' utilized AI to analyze 19 previous volumes, revealing key trends:
1. Internal audit's transformation from compliance-focused to strategic adviser
2. Shift towards value-adding services
3. Increased board reliance on internal audit for high-risk areas
4. Integration of technology and data analytics
5. Focus on diverse talent and soft skills
6. Internal audit as a catalyst for change
The report outlines five strategies for Chief Audit Executives (CAEs) to elevate their functions: prioritizing transformation, leveraging technology, cultivating talent, fostering innovation, and acting as strategic partners.
Robert Half's State of U.S. Hiring Survey reveals 52% of companies plan to add new permanent positions in the second half of 2024, while 57% expect to hire contract workers. Despite a slight decrease from the first half of 2024, hiring intentions remain strong across various specializations. 86% of employers report hiring challenges, including lack of skilled applicants, hiring speed, and meeting salary expectations. To attract talent, companies are offering hybrid work options (41%), flexible hours (41%), and higher starting salaries (38%). The survey highlights the importance of strategic hiring plans and retention strategies in a competitive job market.
Protiviti, a global consulting firm, has been awarded a 2024 Consulting Leaders in Technology award for Excellence in AI Application by Consulting magazine. The firm was recognized for its innovative AI solutions focused on fairness, inclusion, and equitable representation in healthcare and financial services, as well as a responsible AI solution to reduce air pollution. Protiviti's AI practice, led by industry veterans, is helping clients leverage AI/GenAI technology to improve decision-making and optimize customer experiences while ensuring proper governance.
Additionally, Kevin Khan, a managing director at Protiviti, received a Consulting Leaders in Technology award in the DEI Champion category. Khan is co-sponsor of Protiviti's global Multicultural Employee Network Group and serves on the board of America Needs You, a nonprofit supporting first-generation college students.
Robert Half, including its subsidiary Protiviti, has been recognized by Forbes as one of America's Best Employers for Women 2024. The selection was based on an independent survey of over 150,000 women working for U.S. employers, evaluating factors such as workplace conditions, career development, company culture, and gender equality issues.
Key highlights:
- More than half of Robert Half's global organization consists of women
- The company offers gender-focused Employee Network Groups (ENGs) including GWEN, iGROWW, and GET IT
- Robert Half provides inclusive benefits and resources for women's career success
- The recognition underscores the company's commitment to inclusivity and empowering women
M. Keith Waddell, president and CEO of Robert Half, emphasized the company's pride in its diverse perspectives and voices, and its dedication to creating opportunities for women to thrive personally and professionally.
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