RGP Advances Corporate Responsibility and Workforce Diversity Efforts

Author: Owen Jenkins Updated: 09-10-2024 04:14 PM

RGP's Commitment to Corporate Responsibility

RGP (Nasdaq: RGP), a respected global consulting firm with a mission for corporate responsibility, has made significant strides this fiscal year. The company is dedicated to implementing sustainable practices and nurturing a vibrant workplace culture. In its latest update, RGP has shared the positive developments on various initiatives aimed at enhancing both corporate responsibility and social equity.

Leadership Perspectives on Corporate Responsibility

Kate Duchene, the Chief Executive Officer at RGP, emphasized the importance of human-centered values that guide their operations. She noted, "As a human-first company, our brand values are integral to our interactions with clients and employees. They inform our human capital development strategy. This past year, we undertook a materiality assessment to refine our sustainability priorities. The insights gained will direct our focus toward areas with the potential for significant impact, affecting not just financial outcomes but fostering community and social well-being across all stakeholder levels."

Highlights of RGP's 2024 Initiatives

This fiscal year, from June 1, 2023, to May 31, 2024, RGP has showcased numerous noteworthy accomplishments:

Diversity, Equity & Inclusion

RGP champions a human-first culture that emphasizes flexibility and choice. By the close of FY 2024, it was reported that 55% of the U.S. workforce was female, which includes an impressive 54% representation of women in management roles at the VP level and above, alongside 80% in the C-suite positions. Moreover, diversity is a significant focus, with 34% of U.S. employees identifying as racially or ethnically diverse, comprising 26% in leadership roles and 40% within the C-suite.

Learning & Development

The organization invested heavily in employee skills and growth during FY 2024, totaling approximately 11,910 hours dedicated to learning opportunities. RGP believes in empowering its staff through continuous learning across a variety of platforms, facilitating long-term career growth and personal well-being through tailored educational resources.

Talent Engagement

Fostering a high engagement level among employees is paramount for RGP as it correlates directly with the success of the firm. Regular employee satisfaction surveys enable RGP to measure and enhance workplace satisfaction. During this fiscal year, the voluntary turnover rate for internal management employees was set at 9%, indicating effective talent retention strategies.

Environmental Sustainability Initiatives

In a proactive move towards sustainability, RGP has calculated its first greenhouse gas (GHG) inventory, which covers its operations for FY 2024. These findings will help the firm establish science-aligned targets in accordance with the Science-based Targets Initiative (SBTi), ensuring that RGP remains committed to mitigating its environmental impact.

Data Privacy and Cyber Security Enhancements

As part of its commitment to data privacy, RGP has adopted the CIS CSC framework to guide its information security strategies. Monthly training sessions keep employees informed of the latest cybersecurity practices, yielding positive results with no record of substantive breaches in FY 2024.

About RGP

RGP has received recognition as one of Forbes’ World’s Best Management Consulting Firms for 2024. This global consulting firm, headquartered in Irvine, California, prides itself on delivering specialized consulting services that meet clients' operational needs amidst a rapidly changing business environment.

The company focuses on engaging top-tier professionals, providing them with a workspace that promotes autonomy and collaboration. As businesses face continuous transformation challenges and workforce shortages, RGP’s flexible model positions it advantageously to assist clients in navigating their business transitions effectively.

Comprising approximately 3,400 professionals, RGP serves around 1,800 clients globally, extending its reach through 38 physical offices and various virtual locations. As of May 2024, the firm proudly reports having worked with 88% of the Fortune 100 companies, showcasing its position as a leading partner in today's dynamic job market.

Frequently Asked Questions

What are RGP's main goals for corporate responsibility in 2024?

RGP aims to enhance diversity, equity, and inclusion, promote employee development, and establish sustainability targets aligned with scientific guidelines.

How does RGP support employee learning?

RGP provides extensive learning opportunities across various platforms and encourages employees to engage in continuous education to foster their growth.

What initiatives does RGP undertake for environmental sustainability?

This year, RGP has calculated its greenhouse gas inventory and aims to set relevant sustainability targets according to the Science-based Targets Initiative.

How does RGP ensure data privacy and security?

RGP utilizes the CIS CSC framework for its security protocols and conducts monthly training sessions for employees on data protection and cybersecurity.

How does RGP engage with its workforce?

The firm conducts regular surveys to gauge employee satisfaction and maintains a low turnover rate through its focus on talent engagement and workplace satisfaction.

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