As a member-led, Royal Charter body working for the public advantage we have an obligation to demonstrate the highest possible standards of openness and transparency. We are committed to meeting that obligation by providing timely, relevant and accessible information about the Institution and our work.
The distribution of RICS expenditure laid out here shows how our spend, which is set every year by our Management Board, is split across key functional areas within the organisation. This split represents the 2020/21 financial year and will be updated annually.
Showing this split of expenditure is amongst a range of steps being taken by RICS to be more transparent, acting on key feedback received from members as part of the consultation exercise conducted in the Spring of 2021 and subsequent Surveys of the Profession.
During the year we will be making further improvements to the timeliness and transparency of our financial and performance reporting to members. This will include presenting our audited accounts and financial statements to our AGM immediately following our year-end, rather than the subsequent one as has been the previous practice.
Nicholas Maclean - Chair of Governing Council (Interim)
We aim to establish RICS members as experts on topics impacting the future of the built and natural environment.
Through collaboration with key influencers, policymakers, market players and other stakeholders, we aim to establish RICS members as experts on topics impacting the future of the built and natural environment, creating a higher demand for the profession.
Based on data analysis, we demonstrate the vitality of our profession by focusing on important issues such as sustainability, technology, diversity and markets. This includes analysis of public policy and development of RICS’ policy positions, regulation and assurance of competence, as well as shaping the future for dispute avoidance, management and resolution.
Along with securing adoption of our standards, qualifications, regulation and thought leadership around the world, the World Built Environment Forum (WBEF) is used to promote discussions of critical importance, inspiring positive and sustainable change for a prosperous and inclusive future.
Member and stakeholder engagement activities involve gathering insights in order to ensure that the prioritisation and decisions made by RICS reflect member, firm and wider market needs.
Member and firm engagement activities involve regularly gathering market insights, including through involved member groups, such as the World Regional Boards, national / regional boards and other member working groups and forums, in order to ensure that the prioritisation and decisions made by RICS reflect member, firm and wider market needs.
This direct engagement is further supported by the likes of the bi-annual Survey of the Profession, which all members are invited to participate in, and more focused research enabling the development of standards, guidance, products, market and sector plans, and much more.
Member engagement activities also include RICS’ marketing and communications to members and stakeholders through different digital channels such as rics.org, email, social media, and the insight communities, as well as the provision of local engagement events allowing members to network and interact with each, driven by members and enabled by RICS.
In addition to engagement with our members and regulated firms, RICS also engages directly with a wide range of stakeholders, from central government to universities, opinion formers and influencers to further gather insights and promote opportunities for the profession.
Our members services activities are focused on the critical support provided to our members and firms, ensuring their day to day needs are being met.
Our Member Services activities are focused primarily on meeting the key day-today needs of our members and firms. We ensure there is a two-way flow of communication, through various channels, with candidates, qualified professionals, employers and other key stakeholders, and that the support we provide meets the needs of these groups.
These activities include support for members throughout their careers:
RICS offers a large portfolio of learning and training products developed by specialists and delivered by leading subject matter experts through various channels.
RICS offers a large portfolio of learning and training products supporting students, candidates and members in mitigating risk, upholding RICS’ professional standards and remaining compliant, as well as meeting their career and professional development goals.
The knowledge and competence curricula are aligned to RICS’ standards, provide the necessary assurance and are comprehensive, relevant and future-focused. They are developed by specialists and delivered by leading subject matter experts through various channels, either live or on demand.
We ensure RICS members are compliant, equipped and supported to deliver the best possible services to markets and clients, now and in the future.
Standards and Regulation form the foundation of RICS’ work as a professional body. They support and ensure that RICS members and regulated firms around the world practice to the highest professional standards delivering the best possible service to markets and clients, now and in the future. Stakeholders, clients and the public can be assured of the quality, technical ability and professional ethics of RICS members which are upheld through the range of RICS’ regulatory activities.
RICS’ work which supports entry to the profession, standards, regulation, Dispute Resolution Services and thought leadership are all overseen by RICS’ independently-led Standards and Regulation Board.
Each year, RICS is joined by more than 7,500 new members worldwide. Consistency of assessment standards is paramount.
Each year more than 7,000 future members start their journey to become professionally qualified with RICS. We are also joined by over 4,000 new AssocRICS and MRICS members. Candidates and trainees are supported by their counsellors, mentors, and a dedicated RICS candidate support team. Future and recently-qualified members of RICS are also supported through RICS Matrics.
Future members join through a variety of routes relevant to school leavers to senior professionals. These routes include our work with universities to accredit undergraduate and postgraduate degree programmes around the world.
RICS assessments are conducted throughout the year involving hundreds of RICS assessors. We provide training for members who wish to become an assessor.
Consistency of assessment standards is paramount and is assured through constant quality assurance mechanisms under the remit of the Standards and Regulations Board.
Everything from ensuring legal compliance to providing the support and tools for our employees to work, and general maintenance of our offices.
RICS has the usual supporting team functions such as HR, Finance, Technology etc. as well as specialised teams ensuring legal compliance, providing the support and tools for our employees to work, and general maintenance of our global offices.
The Governance team is responsible for implementing governance arrangement and facilitating key decision-making. The function also overseas and manages the legal entity structure across the RICS Group.
This functional area also includes internal communications functions, sharing important updates and insights with RICS employees on how their important work benefits the profession.