Original research from Robert Walters has revealed that over half of procurement professionals are actively seeking a new job.
With employers placing greater importance on efficient procurement and supply chain policies to support growth, hiring managers are striving to hire procurement and supply chain professionals who meet the exact requirements of a role.
As a result, professionals with experience and expertise in this field are in high demand and many are taking the opportunity to secure new jobs which better match their career goals.
James Franklin, Manager for Procurement recruitment comments:
“The perception of procurement functions is changing as employers come to recognise the pivotal strategic roles professionals in the field can play. With businesses looking to expand, ensuring that efficient procurement strategies are in place to ensure growth is sustainable is becoming a high priority for employers.”
“Growing businesses are becoming more astute regarding their cost base. Particularly among small to medium enterprises, businesses are seeing top line revenues increase but are also facing decreasing net profits, placing greater emphasis on ensuring that suppliers are providing best value for money and that supply chains are as efficient as possible.”
Top quality procurement professionals are aware of the growing demand for their skills, and many are clearly tempted to find new employers who are willing to offer favourable contract terms to attract top talent.”
CAREER PROGRESSION TOP PRIORITY FOR PROCUREMENT PROFESSIONALS
When asked about their motivation for changing roles, 50% of supply chain and procurement professionals cited a desire for career progression as their top priority. In many firms, the company structure has made career progress for supply chain and procurement professionals difficult, frustrating workers ambitions.
By contrast, a pay rise would be the determining factor in their decision to move for just 17% of respondents, indicating that compensation, while still a factor, is a lower priority for many.
Neil Morgan, Manager for Supply Chain recruitment comments:
“Evidently, career progression is a significantly higher priority for supply chain and procurement professionals than straightforward salary increases. While this may create an issue for employers whose company structure means that possibilities for career mobility are limited, it can also represent an opportunity for employers who can be more flexible.”
“When looking to secure top talent, employers who can emphasise the opportunities for training and career development, either through secondments to different sectors of the business or specific targets and schedules for promotion, may have an edge over their competitors.”