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.
Robert Half Inc. (NYSE: RHI) is a global talent solutions and business consulting firm, and this news page aggregates company announcements, earnings updates and other disclosures related to RHI. Robert Half describes itself as the world's first and largest specialized talent solutions and business consulting firm, with operations that include contract talent, permanent placement, executive search and its consulting subsidiary, Protiviti.
Readers can expect news covering quarterly financial results, such as revenues, net income and segment performance, which Robert Half reports through press releases and Form 8-K filings. These updates often include commentary from management about hiring trends, client demand and the operating environment, as well as supplemental financial information on contract talent solutions, permanent placement and Protiviti.
The news flow also highlights dividend declarations and other capital allocation decisions approved by the board of directors. In addition, Robert Half frequently publishes announcements about corporate recognition, including rankings from organizations like Fortune, Forbes, Newsweek and others that focus on areas such as corporate responsibility, innovation, workplace culture and inclusion.
Because Protiviti is a wholly owned subsidiary of Robert Half, this feed also includes Protiviti-related news, such as awards from partners like Microsoft, participation in programs like the AI Business Solutions Inner Circle, and recognition on inclusion and workplace indices. These items provide insight into the consulting side of the business and its collaborations with technology and risk management partners.
Investors and other interested readers can use this page to follow Robert Half’s official communications, monitor developments across its staffing and consulting activities, and review how the company describes its performance, values and strategic focus over time.
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.
Robert Half (NYSE: RHI) reported its Q2 2024 financial results, with net income of $68 million ($0.66 per share) on revenues of $1.473 billion. This represents a decline from Q2 2023, which saw net income of $106 million ($1.00 per share) on revenues of $1.639 billion. For the first half of 2024, net income was $132 million ($1.27 per share) on revenues of $2.948 billion, down from $228 million ($2.14 per share) on revenues of $3.356 billion in H1 2023.
CEO M. Keith Waddell noted that macroeconomic uncertainty continues to impact hiring and new project starts. However, Protiviti, Robert Half's consulting arm, posted strong results with U.S. growth in both revenues and segment income. The company maintains confidence in navigating the current climate and remains optimistic about future growth prospects.