The job market is expected to pick up in the coming years, but it won’t be easy for a small business owner to make it financially, as a recent report from The Wall Street Journal shows.
According to the report, the median starting salary for a salesperson is $55,000, and for a software developer it’s $50,000.
And even for a designer, a business owner has to spend between $50 and $100,000 in the initial years to get a foothold in the market.
But that’s about to change.
According to the WSJ, salesforce, which makes software and services for companies like Amazon, Google and Facebook, has hired hundreds of new salespeople in the last two years, and it’s investing $200 million in a new office in San Francisco.
It’s the latest step in the company’s plan to hire thousands more salespeople, many of them women, as it moves from an online business to a brick-and-mortar business, according to the Journal.
Salesforce is currently in the process of building out an office in downtown San Francisco, and hiring an additional 70 salespeople to fill the gap.
According a spokesperson for the company, “Salesforce has always had a strong commitment to inclusion and diversity in our workplace, and this latest hiring milestone shows our commitment to making sure we are inclusive and welcoming to everyone.”
And while it may seem a small step to have a sales force of over a hundred employees, it could be a game changer for many small businesses that have been struggling to break into the industry.
According the WSj, only 7 percent of small businesses surveyed by the company in 2016 said that they had a salesforce of at least 20 people, and only 5 percent said they had more than 20 salespeople.
It’s a high percentage, and many businesses are worried that it could negatively impact their bottom line, as the company plans to make changes to its hiring process to make sure that the numbers don’t reflect this.
“The current recruitment system does not reflect the breadth and depth of the industry,” the spokesperson said in a statement.
“We will be updating our recruiting system to include all of the roles that our salespeople are interested in.
We are making this change to help address our hiring challenges, but this will not solve the issue.”
It will be interesting to see how many of these small businesses will see their salesforce grow over the coming year.
It could be that salesforce has a massive impact on the entire industry, or that it will just increase the diversity of the workforce in the space.
The WSJ notes that the company is “investing in more than 3,000 new sales employees in San Franciscos offices, including the first to open in a decade in San Jose and the first in the San Francisco Bay Area since 2013.”
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