According to Gallagher's 2024 U.S. Organizational Wellbeing Report, organizations continue to rank retention as the top priority for HR (62%) and second highest for operations (45%) — only behind growing revenue or sales. And although half of employers experienced a turnover rate of at least 15% in 2023, 2 in 3 (67%) experienced turnover within their targeted range or lower, indicating that rates are stabilizing.
“If this grim forecast comes to fruition, it will likely buoy pricing” for insurance, says CFRA Research’s Catherine Seifert.
Arthur J. Gallagher (AJG) is poised to grow from the solid performance of its Brokerage and Risk Management segments, strategic buyouts and effective capital deployment.