RSM has released its FY24 Impact Report and we just have to recognize how much work they put into making this thing pretty. Not that we read most of it of course. The parts we do read look nice and the excessive animations are snazzy. Does anyone know if they have in-house graphic designers or are they shopping this thing out to an agency? Just curious.
Anyway, RSM US and RSM Canada, along with their one office in El Salvador (wat) and four locations in India brought in a clean $4 billion in fiscal 2024. See it’s right here in this chart:
Revenue by service line is as follows:
- Assurance: 28%
- Tax: 32%
- Consulting: 39%
- Other: 1%
This is nearly identical to last year’s numbers except tax had 32% and consulting had 38%.
Our headline for last year’s revenue announcement was “RSM US Is That Much Closer to $4 Billion in Revenue” and by gosh, they got there. We knew you could do it, RSM. Let’s compare this year to last:
God, we’re going to have to do math aren’t we? In 2024, they added 609 employees and 35 partners and principals, got rid of two locations in the US, and made $300 million more in revenue. Approximately 2,000 of their slightly more than 16,000 employees are in India with plans to double that number within three years.
We haven’t yet discussed RSM’s Global 2030 strategy so let’s throw this in here:
There’s also a section called A compelling talent experience that reads exactly as you’d expect it to read (as in, instead of the light tapping noise of hitting the keys as this was typed out it made only fapping sounds):
This year, we brought together people, process and technology to help deliver a digital enabled talent experience. We implemented new, user-friendly systems and processes to enable our people to find the information they need more effectively with new self-service options.
One example is Talent Compass, our new global human resources (HR) service desk. Talent Compass provides our people with a centralized place to get their personal HR-related questions answered. Through Talent Compass, our people can access on-demand resources and quickly connect live with a member of our talent team, enabling a consistent, streamlined experience.
Additionally, we transitioned to Workday as our integrated human capital management and finance system, replacing various existing systems with one modern application to simplify business processes and enable our teams to be as efficient and effective as possible across the globe.
How’s Workday going anyway? Last we heard it was not good.
Looks like RSM won’t have any problems maintaining its position in the top ten hierarchy.
