"Hiring demand was up 6% year-over-year in the first half of 2025, down slightly from the 7% YoY increase in the first half of 2024, according to Workday's internal data and external surveys. However, internal hiring fell 8% YoY, and only 30% of all hires in June were internal. Additionally, promotion rates fell in 10 of the 11 industries tracked by Workday; manufacturing was the only one to see an increase in promotions."
""It is pretty rare for 10 industries to see a promotion recession all at the same time," said Phil Willburn, VP of people analytics, insights, and experiences at Workday. "That was very surprising to me in our latest data." It's creating some frustrations. More than 57% of job seekers feel stuck in today's labor market, according to one of the surveys conducted by Workday for the report."
Workday's internal data and external surveys show hiring demand rose 6% year-over-year in the first half of 2025, slightly below the 7% increase in H1 2024. Internal hiring fell 8% YoY and only 30% of all hires in June were internal. Promotion rates declined in 10 of 11 industries tracked; manufacturing was the sole industry with increased promotions. More than 57% of job seekers feel stuck, while attrition among high performers rose across every industry, with retail and healthcare showing the largest spikes. Many companies are prioritizing external hires for AI-related skills instead of investing in upskilling current employees.
Read at Fortune
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