none

PROCURING THEIR FUTURE

01-06-2017
by 
in 

It seems that in these days of wage stagnation in Australia, there are still certain professions that are managing to buck the trend, with members registering respectable earnings growth.

A new survey compiled by The Chartered Institute of Procurement & Supply (CIPS) in partnership with recruitment expert Hays Procurement has found that procurement talent is in demand more than ever before as a higher number of jobs are registered across public and private sectors.

The global survey covered more than 4000 procurement professionals, of which 323 responses came from the Australasia region.

Crucially, 66% of Australasia procurement professionals received a salary increase in the last 12 months (compared with 64% in the previous year’s survey) and 31% received a bonus in the last 12 months (compared with last year’s 43%).

With threats from possible tariffs on cross-border trading, rising inflation and falling sterling, procurement talent is in demand worldwide as a higher number of jobs are registered across public and private sectors. The value of MCIPS professionals translated into higher salaries.

53% of those surveyed reported that they struggled to recruit the right talent in procurement staff in the last 12 months, which showed an improved picture from 2016 where 76% of recruiters said they had difficulties.

77% of respondents agreed that procurement was highly regarded and valued in organisations, which was consistent with last year’s results. This is a sentiment felt by professionals at all levels, which is very positive for the state of the profession.

However, fewer feel that directors and heads of other departments understand what procurement specialists can offer, at only 64%.

Scott Dance, Director Hays Procurement & Supply Chain, commented: “One of the more interesting findings in the report is that 70% of managers expect to recruit in the next 12 months, up by 6% from last year, which is a positive reflection on the profession.

“But at the same time, 50% of employees plan to leave their jobs in the next two years and 71% want to progress to more senior roles. That’s quite a lot of movement in a short space of time and, with a shortage of talent, we need to address the gap this type of movement creates.”

 

Related news & editorials

  1. 05.07.2018
    05.07.2018
    by      In
    Technology developed at CSIRO has led to the release of a novel copper ore sorting analyser that promises to dramatically reduce energy and water use by copper miners. The novel analyser is being brought to market through NextOre, a new company created by RFC Ambrian, Advisian Digital and CSIRO.... Read More
  2. 05.07.2018
    05.07.2018
    by      In
    Following its successful export and installation of 12 of its flagship high-power chargers for electric vehicles in Germany as part of the Ionity network, Ionity has now chosen Brisbane company Tritium as its technology partner for the construction of a further 100 high-power charging sites across... Read More
  3. 02.07.2018
    02.07.2018
    by      In
    The Waste Management Association of Australia (WMAA) is urging the Federal Government to heed the findings of the Senate report produced last week by the Environment and Communications References Committee.
    The report, “Never waste a crisis: the waste and recycling industry in Australia”, makes no... Read More
  4. 02.07.2018
    02.07.2018
    by      In
    Eaton has expanded Australian market coverage for its electrical distribution and motor control component ranges with the signing of a long-term distribution deal with Colterlec.
    According to Dan Agnew, General Manager Power Distribution ANZ at Eaton, the new arrangement will “allow Eaton to expand... Read More