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2022 Progress Report: Financial Vitality
Each year, we report on several indicators (in U.S. dollars) that show progress toward achieving our financial-vitality goals. The trends this reveals can illustrate how our corporate responsibility programs contribute to our vitality over time.
Gross revenue is our total income for services. We continue to see strong financial returns from our work.
Net revenue is billings from our services, excluding our expenses and bad-debt allowances. In line with our gross revenue, we continue to see growth.
Net project starts indicates the total revenue expected from projects that started in the reported year.
Employee retention, while not a direct financial indicator, is associated with financial vitality. Our overall retention rate is high but experienced a dip in the years following the pandemic, when the Great Resignation began affecting the economy. Thornton Tomasetti is focused on equity, diversity and inclusion and career-development initiatives to keep our retention strong.