A new survey from Radius Indiana shows the labor market in Southern Indiana stabilizing after pandemic disruptions.
Radius Indiana is the economic development organization for the eight-county region of Crawford, Daviess, Dubois, Greene, Lawrence, Martin, Orange, and Washington Counties.
According to the Southern Indiana Business Report , the 2024 Wage and Benefit Survey found workforce turnover dropped from 24% in 2022 to 11% this year.
Eighty-five percent of employers surveyed gave raises in the past year and plan to do so again. More than half expect to hire additional staff, while 24% anticipate no changes in workforce size.
The survey also found wages in the region grew 20% on average, though they remain 17% below the national average.
Bob Grewe, executive director of the Daviess County Economic Development Corporation says the findings help businesses understand regional compensation trends and attract talent.
There is more on the study here https://radiusindiana.com/
