US white-collar promotions are down 24% in Q1 2024, with a near 50% drop since 2022. What does this mean for employees and the job market?

Kelli and Nolan discuss causes, including pandemic effects and company restructuring, and talk about strategies for retention and career growth in a restructured, doer-focused workplaces.

*Email us your questions or topics for Kelli & Nolan: hrheretics@turpentine.co

HR Heretics is a podcast from Turpentine.

Support HR Heretics Sponsors:

Planful empowers teams just like yours to unlock the secrets of successful workforce planning. Use data-driven insights to develop accurate forecasts, close hiring gaps, and adjust talent acquisition plans collaboratively based on costs today and into the future. ✍️ Go to https://planful.com/heretics to see how you can transform your HR strategy.

Metaview is the AI assistant for interviewing. Metaview completely removes the need for recruiters and hiring managers to take notes during interviews—because their AI is designed to take world-class interview notes for you. Team builders at companies like Brex, Hellofresh, and Quora say Metaview has changed the game—see the magic for yourself: https://www.metaview.ai/heretics

—

KEEP UP WITH NOLAN, + KELLI ON LINKEDIN

Nolan: https://www.linkedin.com/in/nolan-church/

Kelli: https://www.linkedin.com/in/kellidragovich/

—

LINK:

Report: Promotions disappeared in Q1 2024

—

TIMESTAMPS:

(00:00) Introduction and Welcome

(00:16) Promotion Data Analysis

(01:15) Discussion on Promotion Trends

(03:49) Impact of Economic Changes on Promotions

(06:39) Future of Job Market and AI

(07:50) Sponsors: Planful | Metaview

(09:55) Continued Discussion on AI and Job Market

(16:27) Final Thoughts and Advice

(16:43) Wrap

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hrheretics.substack.com

Promotions on Ice: Are you stuck?

“HR Heretics” | How CPOs, CHROs, Founders, and Boards Build High Performing Companies