It's not hard to see a possible recession in the mist. As the cost of living rapidly rises, many of us are already feeling the pinch. The price of gas has rocketed, making commuting challenging, and we can all expect more energy price increases later this year.(Again) In central London, even the pint of beer is expected to peak at £14 per pint by early 2023. Making those after work drinks a bit more challenging. 

Is it time to prepare for the worse? 
How does this affect your Salesforce career? 
When the economy is in recession, can you find your dream job? 

Let us ease your worries by diving into your concerns. 
 

According to the Bank of England, inflation is expected to surpass 10% by the end of the year, which is the highest rate since 1982. To combat this, interest rates have been raised to their highest level in 13 years. As a result, it is expected that the economy will shrink in the coming years while unemployment will peak over the same period of time.  Experts predict a recession, but no one can predict how severe or how long it will last, making it difficult to estimate how it will impact UK Salesforce clients and candidates. 
 

What we think of when we hear the word 'recession' 
 

• ·        Businesses trying to save money during a recession causes lay offs 

• ·        Inflation 

• ·        Energy price hikes. Again 

• ·        Wages may be unable to cover the cost of everyday essentials. 

• ·        Unemployment levels peak 

As scary as this sounds. DON’T STRESS... 
 

The immersive business model that Salesforce has developed has made it possible for it to withstand not only the Great Recession of 2008 but also the dreaded Covid 19. Uncertainty is not new to Salesforce! Salesforce has managed to win new customers, retain existing customers, beat their competitors, and innovate their products throughout the past 'crisis' listed above. 
 

It's settling to remember that Salesforce locks customers into long contracts. As a minimum, they may be one year long, but it's not uncommon to see longer contracts as well. Despite people hesitant to begin a new contract, their existing customers are staying put. 

On top of all this.. Salesforce CEOs Benioff and Taylor stated in May 2022 that they were recession-resistant. We are confident in this statement. 
 

Steadman Brown knows you may be wondering: Is your Salesforce job safe? 

Despite a recession, Salesforce careers should remain relatively stable. Taking a look at Salesforce's own performance is the basis for the conclusion that Salesforce professionals are in high demand, and that demand is purely driven by the end users who use Salesforce. Although there was a recession in 2008 and a pandemic in 2020, Salesforce grew consistently year after year. With this clear point, it becomes evident to us that Salesforce should be able to navigate and mitigate through this difficult time to the best of its ability. 
 

We have, however, taken into consideration that Salesforce may sell fewer products to new or existing customers during a recession, causing a reduction in demand for Salesforce professionals involved in implementing or maintaining the software. As a result, Salesforce jobs could feel pressure during that period. Many other industries will likely be affected as well. Job losses and bankruptcies are almost certainly a consequence of this - this is an unavoidable reality for some professionals. 
 

Because Salesforce is incredibly resilient, it will be unlikely that end-users will start getting rid of it in haste - remember the contracts we mentioned?  This is to our advantage! 

 

Worst (and best) case scenario... 
 

The Steadman Brown team is here to cushion the fall... We have a regular flow of Salesforce job placements that aren't likely to dwindle anytime soon. Should you have any issues at your current job, we can easily place you in your next position. Getting your dream Salesforce job could be just a click away! As Salesforce enthusiasts, we are here to ensure you are well looked after during these challenging times. 
 

If you need us, send us a message - we'd be happy to assist. 
 

Are you feeling the squeeze a little too much? Whenever you need more than a professional shoulder to lean on, the Gov.uk website has a lot of help available.