2025 GSHHRA Annual Conference-Thomas Cummins - 2025 GHA Results and Market Overview

Thomas Cummins - 2025 GHA Results and Market Overview

Pdf Summary

The 2025 Arthur J. Gallagher & Co. GHA Salary and Benefits Benchmarking Survey provides a comprehensive overview of the Georgia healthcare market's economic and labor conditions. The report outlines key aspects of the current labor market, including job creation, unemployment rates, and industry-specific employment trends. Notably, Georgia's unemployment rate fluctuated across its cities and industries, with significant variance noted in sectors such as leisure and hospitality, manufacturing, and healthcare.<br /><br />The survey highlights challenges facing human resources, with retaining and attracting talent being top priorities over the past years. Notably, top HR concerns have shifted slightly in 2024, emphasizing talent retention and training.<br /><br />Layoffs have also been tracked on a monthly basis, alongside employment metrics such as average wages, labor force participation, and workforce composition. Despite economic fluctuations, employment growth has been noted in industries like healthcare.<br /><br />Salary growth has shown a deceleration across various roles, with management and non-exempt positions witnessing modest increases. The report analyzes how wage growth aligns with Consumer Price Index (CPI) changes, highlighting a struggle to maintain purchasing power, further compounded by inflation rates.<br /><br />Alongside salary trends, the survey presents data on job openings and hiring rates within significant industries. For instance, the healthcare sector experienced notable turnover and hiring challenges. Employer strategies, like offering sign-on bonuses, were reported to combat workforce shortages.<br /><br />Interestingly, the survey mentions legal compliance highlights relevant to compensation data sharing, underscoring the importance of adhering to federal trade guidelines. Additionally, collusion cases involving non-poaching agreements in other sectors serve as cautionary tales.<br /><br />The survey concludes with insights into benefit offerings and their role in maintaining competitive advantages in recruitment and retention. This document serves as a critical tool for understanding and navigating the ever-evolving economic and labor landscape within Georgia's healthcare sector.

Keywords

Georgia healthcare market

labor conditions

unemployment rates

talent retention

wage growth

Consumer Price Index

workforce shortages

legal compliance

benefit offerings

economic fluctuations