VISION 2025
// FROM THE CEO This Vision 2025 plan provides our diverse community of engineers,
scientists, and technology professionals with a shared direction, clear focus, and collective vision to continue our historical trajectory of innovation and
entrepreneurship. It is the foundation for all that we will strive to achieve as a company throughout the next 5 years and provides the building blocks
for our employees to build their careers from “hire to retire” and to further
TODD KENNER CEO/PRESIDENT, RESPEC
establish RESPEC as a recognized leader for integrated solutions.
Together, we will work tirelessly to transform the dynamic vision within this document into a reality.
vision 2025 principles: These principles lay the foundation for our Vision 2025 plan:
PEOPLE
Process
partner
performance
We are partners with our communities and employeeowners; we value corporate social responsibility.
We are catalysts for growth by integrating technology with our subject-matter expertise.
We provide transformative solutions to solve the most complex problems.
We share our value and rewards.
Our technical niche expertise is centered on innovation.
We go above and beyond to take care of our client-partners.
We are committed to one another through the RESPEC PACT.
We invest in everything we do—technology, education, community—to provide a career from “hire to retire“ with lifelong friendships and adventures.
TABLE OF CONTENTS bu ilding a foun dation
Partner Ch alle n ge s
the path forwa rd
The 2025 H orizon People Process Par t n e r PerformanCE
03 05 07 09
// building A FOUNDATION Transformative ideas, solving complex challenges
integrated solutions partner
This Vision 2025 plan builds on a long and rich history that has made RESPEC the company it is today.
Market/Customer Focus Collaborative Culture Leverage Diverse Capabilities Aligned Business/Talent Development/Marketing Practices
one company Data & Technology Solutions
RESPEC
growth and diversification RESPEC/POD
Salt Rock Mechanics IT Staff Augmentation
Mining & Energy Water & Natural Resources
RESPEC has steadily evolved over the past half-century into a multiservice engineering, science, and technology company.�
Water & Natural Resources
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
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RESPEC | vision 2025
office Locations
Geographic Expansion
1969 Over the past 50 years, we have expanded geographically to grow clients and project opportunities. We now have more than 20 locations in North America, over 400 clients, and strategic alliances worldwide.
1985
2019 2010
current client Locations France Canada
ROmania Austria Belarus switzerland Czech Republic Slovakia Finland Poland germany
ireland united kingdom
italy
turkey Ukraine
Kyrgyzstan Kazakhstan
malaysia vietnam thailand
China Philippines United states mexico
Indonesia
spain MOROCCO
PANAMA
Ghana
COLOMBIA
israel
ECUADOR
kuwait
peru
Venezuela Brazil chile argentina
Pakistan india
Congo
new zealand
Mongolia
Ethiopia Tanzania South Africa
Madagascar AUSTRALIA RESPEC | vision 2025
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// Partner CHALLENGES our clients’, employees’, and vendors’ input drive our vision. RESPEC taps into our entire network of
stakeholders and thoroughly examines our
Why Conduct Partner Interviews?
organizational processes and long-term directional growth and goals. A key component in developing
this Strategic Plan was seeking out the thoughts and predictive knowledge of our clients as well as the
subject-matter and industry-leading partners and
our Goal Listen to our partners, employees, and leaders to strategically evolve
colleagues we know.
Partner Benefit Pivotal answers and insight to better serve us all
The nature of work will continue to change, and that will require strong education and development programs.”
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RESPEC | vision 2025
mutual evolution Evolve organizationally into a company that meets the needs of tomorrow
75% 20% 90% By 2025, Millenials will comprise 75% of the global workforce.
People between the ages of 14 and 24 make up almost 20% of the world’s population.
of the world’s data have been created in the last 2 years alone—a trend that will only accelerate.
Despite the increase in Millenials’ representation, the overall US population continues to grow older. By 2030, 1 in 5 US residents will be retirement age.
Partner challenges Our partners identified three primary challenges in the coming years:
talent shortages global issue Aging Workforce Skills Gaps Resource Shortages
Technology in the workplace
lack of funding fewer dollars to invest Shrinking Public Dollars Available for Projects
By 2025, more than one-third of the desired core skill sets of most occupations will comprise skills that are not yet considered crucial to the job today.
Increasing Cost of Business Creates Competing Interests for Available Capital
The 2025 workforce will require enterprise learning. These technologies will have huge benefits for many companies but also create big challenges.
technology
The McKinsey report includes a few suggestions to prepare for those challenges and emphasizes anticipating future needs through employee training: “The nature of work will continue to change, and that will require strong education and development programs.”
Keeping Pace and Funding New Advancement
innate dependency Expansion of Technology Is Growing an Ever-Increasing Data Management Need Security Is a Constant Threat as Technology Advances RESPEC | vision 2025
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// the path FORWARD INTEGRATED SOLUTIONS PROVIDER
In 2025, RESPEC will be recognized as a leading Integrated Solutions Partner of multidimensional, applied-technology solutions around the world. Our team of progressive, innovative thought-leaders will be an essential driving force behind technological innovation through machine learning and decision support systems in multiple industries. On the path to 2025, RESPEC will focus on integrating solutions to serve these areas:
ENERGY
TECHNOLOGY
INDUSTRIAL MINERALS NATURAL RESOURCE DEVELOPMENT & STEWARDSHIP
ENGINEERING
RESILIENCY
RESPEC STRATEGIC PATHWAYS
INFRASTRUCTURE PRECIOUS METALS INTEGRATED WATER RESOURCES
SCIENCE
HEALTH CARE RESTORATION EDUCATION
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RESPEC | vision 2025
By 2025,
respec will achieve: $125 Million in Gross Revenues
respec foundation established
integrated solutions partner
fourth-Generation Leadership in Place
RESPEC U – leading employee development
establish infrastructure marketplace business unit
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THE 2025
HORIZON PEOPLE Process
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Great Great Place Place to to Work Work Aligned Culture Culture and and Purpose Aligned Purpose Talent Talent Management Management
Entrepreneurial Entrepreneurial Integrated Solutions Solutions Providers Integrated Providers Innovative Innovative Application Application of of Technology Technology
partner
Value-Added Value-Added Partner Partner Recognized for for Excellence Excellence Recognized
performance
Financially Financially Rewarding Rewarding Sustainable Sustainable Growth Growth for for Opportunity Opportunity
RESPEC | vision 2025
Partnering in everything we do.
Employees and family from the Richardson, Texas, office.
PEOPLE Great Place to Work
Our employees are more than just a number. Each team member is indespensible, and our employees feel that. To ensure that RESPEC is a “great place to work,” we will:
UPHOLD a climate of mutual trust and respect.
our reputation draws people to work at respec, but our culture makes them want to stay.”
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RESPEC | vision 2025
encourage innovation, creativity, and continual improvement. provide an engaging and positive work environment. Continue to emphasize and celebrate employee accomplishments.
Aligned culture and purpose
We will define and grow RESPEC based around our cultural cornerstones of core values: the RESPEC PACT.
passion
accountability
We are passionate about work and home and maintaining a balance between the two.
We do what we say we’re going to do.
We relentlessly seek solutions to difficult problems in new and innovative ways.
We maintain the utmost integrity and strong moral values.
We demonstrate our trustworthiness. We deliberately cultivate a culture of mutual respect.
We work hard and we play hard.
We are dedicated to safety.
We are not satisfied with being stagnant; we continually grow and learn. We want to be the best.
teamwork
caring
We are a team, and we collaborate for success. We own this company and our pride of ownership shows in the work we perform together.
We care about our families, coworkers, partners, and communities and demonstrate that dedication through our actions.
We exemplify teamwork through our relationships with our partners.
We give back. We mentor. We support STEM.
We understand the path on which this company is headed and why.
We are invested. And, we make a difference.
Talent management
RECRUIT. DEVELOP. RETAIN.
MANAGEMENT TRAINING AND MENTORING Enhance leadership training programs and advance mentoring programs.
To ensure that employees can build their careers at RESPEC from “hire to retire,” we will:
TARGETED RECRUITING PROGRAM
PERFORMANCE REVIEWS
Enhance our recruitment process to ensure that the RESPEC experience begins from the first interaction with prospective employees.
Evolve performance feedback practices to achieve more frequent, effective interactions.
COMPETITIVE BENEFITS PROGRAM Keep competitive benefits packages and create long-term wealth through employee ownership. RESPEC | vision 2025
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PROCESS INTERSECTION REPRESENTS:
integrated solutions partner We will develop an integrated entrepreneurial culture focused on collaboration and committed to delivering comprehensive solutions to our partners.
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RESPEC | vision 2025
Aligned Interests
DATA & TECHNOLOGY SOLUTIONS
WATER & NATURAL RESOURCES
Linked SubjectMatter Expertise Diverse Perspective Centered on Innovation
INTEGRATED SOLUTIONS MINING & ENERGY
innovative application of technology To continue pushing the boundaries of innovation, we will:
expand and modernize our business strategy by further empowering our employees to become ambitious, leadingedge entrepreneurs.
PROPOSED RESEARCH AND DEVELOPMENT PROGRAM PROCESS RESEARCH AND DEVELOPMENT IDEA REPOSITORY INITIAL EVALUATION/ PROPOSAL FORMAL PITCH
establish a formal research and development program to foster and
PROJECT FUNDING
incubate dynamic, innovative ideas from employees to ensure that we are staying ahead of current market trends. We will create an internally funded program to research and develop concepts to market.
WORKING RESEARCH AND DEVELOPMENT PROJECT CAPTURE RESULTS AND FEEDBACK
RESPEC | vision 2025
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Employees from across the company collaborating in the Rapid City, South Dakota, office.
PARTNER recognized for excellence
We will be the sought-out "trusted adviser"—collectively, as business units, and individually—to deliver high-quality expertise with excellence. We will:
encourage employees to seek professional certifications and
RESPEC’s Reputation for excellence is a result of our talented professionals focused on doing the right thing for our client partners.”
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RESPEC | vision 2025
expand their professional network and support continuing education for current employees with paid time.
promote industry-leading research through white papers. hire more certified and advanced-degree professionals. PROVIDE an internal reward system for advancement.
Relationship Development As an integrated solutions partner, we are focused on delivering dynamic solutions that evolve with the complexity of our clients’ needs.
we recognize that the complexity of our clients’ challenges require a partnering approach.” establish a high-touch, value-client relationship program with a clearly identified client manager to build client intimacy.
partner with our clients to drive the most innovative and effective solution to meet their needs.
identify strategic teaming partners and maintain a database of their capabilities.
develop an internal marketing program to reward individuals for expanding services to existing clients.
TEAMING PARTNER INTERNAL
SUPPLIER CLIENT
RESPEC | vision 2025
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PERFORMANCE financially rewarding
engaged budgeting Strategic risk management
PERFORMANCE
accountable performance
We will provide competitive total compensation benefits and long-term retirement opportunities through employee ownership.
organic growth
ADVANCE AND INVEST
as an employee-owned organization, we are committed to sharing all aspects of our success.�
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RESPEC | vision 2025
Shared success acquisitions
SHARED SUCCESS AND REWARDS
improved communication market advancement shared compensation
SUSTAINABLE GROWTH FOR OPPORTUNITY
We will provide employees an opportunity to advance their careers through top-line, core market sector, and diversified growth.
Bottom-line performance
PERFORMANCE
8–12% EBITDA top-line growth
ADVANCE AND INVEST
$125M Gross revenue
Employees from across the company celebrating RESPEC’s 50th Anniversary in May 2019.
shared success
SHARED SUCCESS AND REWARDS
50%
of pretax, prebonus, preretirement profit shared through employee programs
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