Robert Half Inc Stock Price, News & Analysis

Robert Half (NYSE: RHI), the world's first and largest specialized talent solutions and business consulting firm, has been named one of the 2024 Fortune Best Workplaces in Consulting & Professional Services. This recognition, shared with its consulting subsidiary Protiviti®, highlights the company's dedication to creating an outstanding workplace environment and prioritizing employee well-being.

The list, compiled in partnership with Great Place to Work®, analyzed feedback from over 157,000 employees in the industry. Notably, 92% of Robert Half employees considered their organization a great place to work, significantly higher than the 57% average for typical U.S.-based companies. This accolade reinforces Robert Half's status as an employer of choice in the consulting and professional services sector.

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.