Why Candidates Feel Stranded in a Low Tide Environment

Aaron Terrazas, Chief Economist at Glassdoor, encapsulates the situation perfectly: “A rising tide lifts all boats, but a falling tide leaves the most entry-level folks high and dry.” This metaphor reflects the current labor market’s dynamics, where fewer people are quitting their jobs and even fewer are getting promoted. This stagnation leaves little room for new workers to break through and makes it more difficult for young graduates and entry-level candidates to get their foot in the door.

Data from the ADP Research Institute reveals a significant decline in promotion rates across all age groups. For instance, the promotion rate for Gen Z workers dropped from 2.5% in 2021 to just 2.1% in 2023. Millennials experienced a similar trend, with their promotion rate falling nearly a full percentage point. The slowdown in promotions is not a temporary issue; it continued into 2024, with only 1.3% of white-collar professionals being promoted in the first quarter—the lowest rate in five years.

This sluggish environment starkly contrasts with the aggressive hiring and rapid promotions seen in 2021 and 2022, when job-title inflation was rampant, and employers were eager to retain talent at any cost. As the labor market has softened, the balance of power has shifted back to employers, who are now under less pressure to hand out promotions. Companies are focusing on operational efficiency, often by removing layers of management and controlling costs. While this might benefit the bottom line in the short term, it risks demoralizing top performers and could lead to talent loss in the long run.

For job seekers, especially those at the entry level, this stagnant environment is daunting. The reduced churn in the workforce means fewer job openings and less opportunity for upward mobility. This has resulted in lower confidence among new entrants to the job market, with many finding it harder to secure positions or move up the career ladder.

At RepresentU, we recognize these challenges and are dedicated to helping you navigate them. Our personalized approach focuses on strategic career planning, enhancing your visibility to potential employers, and providing continuous support throughout your job search process. We understand that the current job market requires more than just sending out applications; it demands a strategic, proactive approach.

We offer tailored services to ensure you stand out in a crowded job market. Whether it’s crafting a compelling resume, preparing for interviews, or leveraging our extensive network to open doors, RepresentU is here to support you every step of the way. Our goal is to empower you to not only find a job but build a rewarding and successful career, even in these challenging times.



In conclusion, the current job market is fraught with obstacles, from stagnant promotions to reduced job openings. However, with the right strategy and support, you can overcome these challenges. Trust RepresentU to be your partner in navigating this complex landscape, turning potential setbacks into opportunities for growth and success. Let's work together to ensure that you not only enter the workforce but thrive in it.