Robert Half Inc Stock Price, News & Analysis

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%).

Robert Half (NYSE: RHI) and its subsidiary Protiviti have been recognized as one of America's Most Responsible Companies 2025 by Newsweek. The evaluation considered ESG pillars (environment, social, and governance) and was based on reporting transparency and a survey of 26,000 individuals rating corporate social responsibility efforts.

The recognition underscores Robert Half's commitment to corporate citizenship and integrity, as highlighted by CEO M. Keith Waddell. Susan Haseley, Chief ESG and Inclusion officer, emphasized the company's dedication to advancing inclusive and socially responsible initiatives globally.

The company has also received other notable recognitions, including spots on Forbes' World's Best Employers, Fortune's Best Workplaces for Women, and PEOPLE's Companies That Care. Detailed information about their initiatives is available in their 2023 ESG Report.

Protiviti has achieved a significant milestone by securing its first patent for Automated Audit Artifact Reconciliation from the U.S. Patent and Trademark Office. The patented process significantly reduces the time required to test for unauthorized access in SOX and operational risk assessments, completing tasks in minutes instead of days.

The innovation uses fuzzy matching algorithms to identify unauthorized access from terminated users, streamlining control testing in this important area. This technology can also enhance user access reviews (UARs), traditionally a months-long process. The solution is part of Protiviti's Technology Accelerator Platform and emerged from the company's Global Patent Program launched in 2022.

The patented technology addresses a common pain point in logical access controls, which are a leading cause of SOX and operational control failures across companies of all sizes. It enables full population tests for quick issue identification while improving efficiency and effectiveness in audit processes.