Welcome to our dedicated page for Robert Half news (Ticker: RHI), a resource for investors and traders seeking the latest updates and insights on Robert Half stock.
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.
Robert Half (NYSE: RHI) has announced that its board of directors has approved a quarterly cash dividend of $0.53 per share. The dividend will be distributed on December 13, 2024, to shareholders of record as of November 25, 2024.
Robert Half's mobile app has been awarded five w3 Awards in 2024, including gold recognition for user experience and interface excellence. The app, which has been North America's leading job search platform since 2019, was also recognized for visual design, recruitment sites, and mobile app best practices.
The app provides job seekers with features including instant interview scheduling, one-tap job applications, and application status tracking. Users can create accounts by uploading their resumes and receive direct interview requests. This marks the third consecutive year the app has been honored by the Academy of Interactive and Visual Arts (AIVA), which oversees the w3 awards judging process.
AuditBoard and Protiviti announced new joint capabilities at Audit & Beyond conference to enhance audit lifecycle management. The collaboration includes four key offerings: Analytics Accelerators for continuous risk monitoring and automated control testing; Custom GRC Connectors integrating systems like Archer and ServiceNow; Global Internal Audit Standards Gap Assessment tools; and KnowledgeLeader integration providing advanced training resources. These solutions aim to improve data insights, efficiency, and transparency in audit processes by combining AuditBoard's cloud platform with Protiviti's consulting expertise.
AuditBoard and Protiviti announced an expansion of their technology alliance, introducing new joint capabilities at the Audit & Beyond Conference. The partnership combines AuditBoard's cloud-based platform with Protiviti's consulting expertise to enhance audit lifecycle management. Key features include Analytics Accelerators for continuous risk monitoring, Custom GRC Connectors for system integration, Global Internal Audit Standards Gap Assessment tools, and access to Protiviti's KnowledgeLeader within the AuditBoard platform. These solutions aim to improve data insights, efficiency, and transparency in audit processes.
Robert Half Inc. (NYSE: RHI) reported third-quarter financial results for the period ended September 30, 2024. The company's net income was $65 million, or $0.64 per share, on revenues of $1.465 billion. This represents a decrease from the same period in 2023, which saw net income of $96 million, or $0.90 per share, on revenues of $1.564 billion.
Despite the overall decline, Protiviti, a Robert Half subsidiary, showed strong performance with sequential and year-on-year revenue gains. CEO M. Keith Waddell noted that while client budgets remain constrained, business confidence levels are improving, aided by progress on inflation and the beginning of a global rate-cutting cycle. The company's recent weekly results have been stable for the past 12 to 14 weeks.
Robert Half also received several accolades, including being named one of Fortune's Best Workplaces in Consulting & Professional Services™ and one of PEOPLE's Companies that Care®.
Protiviti, a global consulting firm, has been named to the 2024 Seramount Global Inclusion Index in eight countries: Australia, Hong Kong/China, Germany, India, Italy, Japan, The Netherlands, and the United Kingdom. The firm was also recognized as a Leading Inclusion Index Company in the U.S. for the seventh consecutive year.
The index honors organizations excelling in hiring and promoting women, measuring underrepresented groups, creating inclusive cultures, and holding leaders accountable. Seramount's evaluation considered policies, programs, leadership accountability, and practices focused on diversity and inclusion.
Protiviti has also been recognized in 2024 as a Best Company for Multicultural Women, a Top Company for Executive Women, a Best Place to Work for Disability Inclusion, and a Best Workplace for Millennials™.
Robert Half Inc. (NYSE: RHI) has announced its schedule for the release of third-quarter 2024 earnings results. The company plans to release the results on Tuesday, October 22, 2024, at approximately 4:05 p.m. EDT. Following the release, Robert Half management will conduct a conference call at 5 p.m. EDT on the same day.
Participants can join the call by dialing 888-394-8218 (+1-323-994-2093 for those outside the United States and Canada). The confirmation code for the call is 7836703. An audio replay of the call will be available starting at approximately 8 p.m. EDT on October 22 and will be accessible for 12 months. The conference call will also be archived in audio format on the company's website at roberthalf.com.
Protiviti, a global consulting firm, has been named a CDP Gold Climate Change Consultancy Accredited Solutions Provider (ASP). This prestigious accreditation allows Protiviti to leverage benefits such as enhanced credibility, improved reporting quality, and access to expertise in assisting organizations to manage their environmental impacts.
As an ASP, Protiviti can offer strategic support and market differentiation to clients aiming to enhance their environmental performance and transparency. The firm's holistic approach integrates sustainability seamlessly into every aspect of an organization's operations and reporting, driving long-term success and positive impact.
Steve Wang, managing director and ESG audit services leader at Protiviti, expressed honor in collaborating with CDP and emphasized their commitment to helping organizations efficiently manage carbon emissions. Jackie Davis, CDP head of global accredited solutions providers, welcomed Protiviti's expertise to support companies in implementing leading actions to manage risks and reduce environmental impacts.
Robert Half, including its subsidiary Protiviti, has been named one of Forbes' World's Best Employers for 2024. This recognition highlights the company's commitment to creating an exceptional workplace globally. The award celebrates organizations that excel in prioritizing employee well-being, promoting inclusivity, and providing opportunities for professional growth and work-life balance.
The selection process involved an independent survey of over 300,000 participants across 50 countries, who evaluated their companies on various employment factors. M. Keith Waddell, president and CEO of Robert Half, expressed honor at the recognition, emphasizing the company's commitment to creating an extraordinary workplace culture.
Robert Half offers employees flexible work options, benefits, wellness offerings, and employee network groups. The company's 2023 Leading With Integrity Report details its socially responsible business practices and future plans.
The 12th Annual Global Technology Audit Risks Survey by Protiviti and The Institute of Internal Auditors (IIA) reveals growing concerns about cybersecurity and data privacy risks, amplified by the rapid adoption of artificial intelligence (AI). Key findings include:
- 59% of IT audit leaders identify AI as a significant threat over the next 2-3 years
- 68% perceive high cybersecurity threat levels over the next 12 months
- 76% of organizations using AI tools in audits perceive high cybersecurity risks, compared to 65% not using AI
- Data privacy and compliance is the second-largest perceived technology risk
- 52% of auditors view data breaches as the greatest cybersecurity-related threat
The survey, polling over 1,200 executives and professionals, highlights how AI is reshaping risk perception and auditing practices. While AI enhances risk identification, it also raises concerns about long-term risks associated with advanced AI systems.
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