In this episode of HR Heretics, Nolan and Kelli discuss an article from Business Insider about the ongoing white-collar recession, particularly affecting those earning over $100,000 a year.

They discuss significant changes in the tech job market, including the influence of AI, global competition, and the shift from managerial roles to more individual contributor positions. The episode concludes with insights into personal fulfillment versus financial stability in career choices.

Vanguard data reveals a hiring freeze for six-figure earners, impacting tech and finance. Is this the start of a white-collar recession?

HR Heretics is a podcast from Turpentine.

Discover Workvivo, Zoom’s employee experience platform, designed to delight your hybrid workforce. With dynamic and intuitive features people actually like using, Workvivo fosters a sense of belonging and boosts retention and productivity. Join Ryanair, Dollar General, and Virgin — head to https://bit.ly/hrhereticsworkvivo to book a demo (tell them Kelli and Nolan sent you).

Attio is the next generation of CRM. It’s powerful, flexible, and easily configures to the unique way your startup runs, whatever your go-to-market motion. The next era deserves a better CRM. Join ElevenLabs, Replicate, Modal, and more at https://bit.ly/AttioHRHeretics

KEEP UP WITH NOLAN + KELLI ON LINKEDINNolan: https://www.linkedin.com/in/nolan-church/Kelli: https://www.linkedin.com/in/kellidragovich

—

TIMESTAMPS:

00:00 Introduction to the White Collar Recession

00:30 The Dichotomy of Employment Data

00:48 Challenges for High Earners

01:56 The Big Stay and Trapped in Place Economy

02:34 Industry-Specific Impacts

05:21 Global Competition and AI's Role

06:23 The Future of Tech Employment

08:34 Personal Reflections and Career Changes

08:43 Sponsor: Workvivo | Attio

11:12: First-World Work Problems

13:02: Self-Reflection and Assessment

15:34: On Gratitude on Salaries and Roles

16:11 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

The Big Stay

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