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.
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KEEP UP WITH NOLAN, + KELLI ON LINKEDIN
Nolan: https://www.linkedin.com/in/nolan-church/
Kelli: https://www.linkedin.com/in/kellidragovich/
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LINK:
Report: Promotions disappeared in Q1 2024:
https://www.livedatatechnologies.com/insight-studies/q1-2024-promotions
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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
