Robert Half Inc. news centers on the company's specialized talent solutions and business consulting operations. Updates commonly address contract talent, permanent placement and executive search services across finance and accounting, technology, marketing and creative, legal, administrative and customer support roles.
Recurring coverage also includes quarterly earnings releases, cash dividend declarations, AI-enabled recruiting tools, corporate responsibility programs and developments at Protiviti, Robert Half's consulting subsidiary. Protiviti news highlights internal audit, risk, business, technology, data, compliance and related advisory services delivered through its global consulting network.
Research from Robert Half reveals that remote jobs are here to stay, with 87% of workers considering job changes interested in hybrid or fully remote roles. In January 2023, 28% of new job postings were remote, equal to the previous year. Work flexibility enhances job satisfaction, with 46% of workers reporting increased happiness despite longer hours. Notably, 32% are willing to accept pay cuts averaging 18% for full remote work. However, 65% value in-person relationships with colleagues, while 82% of managers believe all workers have equal career advancement opportunities. The surveys included over 4,600 U.S. workers and managers.
Robert Half (NYSE: RHI) executives M. Keith Waddell and Katherine Spencer Lee have been named to the Staffing Industry Analysts' 2023 North America Staffing 100 list for their contributions to the staffing industry. Waddell, as CEO, led the company through the pandemic and prioritized investments in AI technologies, enhancing service delivery. Lee, recognized for her advocacy for diversity, equity, and inclusion, has significantly contributed to the company's values and community support initiatives. The recognition highlights their leadership in maintaining a people-first approach in talent solutions.
Robert Half International (NYSE: RHI) has authorized the buyback of an additional 10 million shares of its common stock, complementing the 3.8 million shares remaining from its existing program. This strategy aims to enhance shareholder value.
Furthermore, the company has increased its quarterly cash dividend from $0.43 to $0.48 per share, with payments scheduled for March 15, 2023. Shareholders of record as of February 24, 2023 will benefit from this increase. Robert Half continues to solidify its position as a leader in talent solutions and business consulting.
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According to Robert Half's State of U.S. Hiring Survey, 58% of U.S. companies plan to add permanent roles in the first half of 2023, an increase from 46% in the previous survey. Additionally, 72% intend to hire more contract professionals. The demand for talent is highest in technology, finance, and legal sectors, with 9 in 10 managers citing challenges in finding skilled workers. On average, hiring now takes up to 11 weeks, longer than in previous years. The survey reflects responses from over 2,000 managers and indicates a robust hiring outlook despite ongoing market volatility.
Robert Half has announced the promotion of Alexandra Von Tiergarten and Tony Uyehara to district presidents, effective immediately. Von Tiergarten, who has been with the company since 2003, will oversee professional talent solutions in California and the Southwestern U.S., focusing on finance, healthcare, and consulting. Uyehara, with nearly 20 years at Robert Half, will manage operations for management resources in Northern and Southern California, Arizona, and Utah. Their leadership is expected to enhance talent matching and consulting services in these regions, reinforcing Robert Half's position in the talent solutions market.
Robert Half International Inc. (NYSE: RHI) reported its Q4 2022 results, revealing net income of $148 million, or $1.37 per share, on revenues of $1.727 billion. This marks a decrease from the prior year's Q4 net income of $168 million and revenues of $1.770 billion. For the full year 2022, the company achieved net income of $658 million, or $6.03 per share, with revenues of $7.238 billion, up from $599 million and $6.461 billion in 2021. CEO M. Keith Waddell noted that all major practice areas hit record levels, and the company remains optimistic in navigating the current economic environment.
Robert Half International Inc. (NYSE: RHI) announced it will release its fourth-quarter 2022 earnings on January 26, 2023, at 4:05 p.m. EST. A conference call will follow at 5 p.m. EST, with a dial-in for participants recommended 15 minutes prior. The replay of the call will be accessible starting at 8 p.m. EST on the same day until February 23. Founded in 1948, Robert Half is the largest specialized talent solutions firm and operates over 400 locations worldwide. The firm connects skilled job seekers with companies, providing solutions in various fields including finance, technology, and marketing.
Protiviti has promoted 53 leaders, including 47 to managing director and 6 to senior director roles, across various solution groups such as Internal Audit, Risk and Compliance, and Technology Consulting. The promotions acknowledge the substantial contributions of these individuals in their fields. CEO Joseph Tarantino emphasized the firm's commitment to advancing employee careers and maintaining exceptional client service. Protiviti, a global consulting firm, operates over 85 offices worldwide and has been recognized among Fortune's 2022 Best Companies to Work For. It serves numerous Fortune 100 and 500 companies and is a subsidiary of Robert Half (NYSE: RHI).
The UN's Executive Secretary, Ibrahim Thiaw, emphasizes the need for businesses to transition from a linear to a circular economy to address climate change and resource depletion in an interview with Protiviti. He warns that failing to act could lead to a $23 trillion loss by 2050 due to land degradation. A shift towards sustainable practices could generate economic returns of $140 trillion annually. Thiaw calls for private sector investment in sustainable land management, highlighting the potential for businesses to drive positive environmental change and achieve long-term profitability.