INSIGHTS & REPORTS

New Mexico Salary Report

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Workforce Growth & Hiring Trends

52% of New Mexico businesses plan to expand their workforce, while 37% will maintain current employment levels.

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Gig & Contract Work Expansion

30% of New Mexico’s workforce engages in gig or freelance work, and 41% of businesses plan to increase contract hiring.

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Salary Growth in Key Industries

Wages have increased in technology (+11%), aerospace (+10%), healthcare (+9%), and renewable energy (+8%) due to labor demand.

Report In Summary

  • New Mexico’s workforce is evolving with AI, automation, and remote work trends – Businesses are embracing technology and workforce training programs to stay competitive.
  • Retention strategies must focus on compensation, career development, and workplace flexibility – Employees seek job security, strong leadership, and meaningful career progression.
  • The gig economy is expanding, but stability and compliance concerns persist – More companies rely on freelancers, yet challenges around benefits, work quality, and legal compliance remain.
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“Competitive Salaries Drive Workforce Retention”

Industries like technology (+11%), aerospace (+10%), and healthcare (+9%) are increasing wages to attract and retain skilled professionals. Employers who offer strong salary packages and benefits gain a competitive edge in New Mexico’s labor market.
“AI & Upskilling: The Future of New Mexico’s Workforce”

With 46% of businesses integrating AI and 53% investing in training programs, New Mexico’s workforce is adapting to digital transformation. Companies that prioritize technology-driven hiring and workforce development will lead the market in 2025 and beyond.

Five Core Solutions Suggested by the Report

Align salaries with industry trends and enhance benefits to attract and retain top talent.
Invest in collaboration tools and leadership strategies to enhance productivity in flexible work environments.
Use AI-powered recruitment and automation to streamline hiring and operational efficiency.
Develop training programs that prepare employees for high-demand skills and future job roles.

Establish structured policies to balance contract work flexibility with work quality, compliance, and job security.

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New Mexico Salary Report