It’s a great time to be a procurement and supply professional – its official!
Procurement Salary Guide and Insights 2017, Hays Recruitment.
According to Hays, in 2017 there has been speciﬁc growth in the number of buyer, senior buyer and procurement manager roles and demand is outstripping supply: “in response to this competitive environment, employers have reviewed and improved salaries and beneﬁts packages as they attempt to both retain their current staﬀ and attract new employees. We have also seen signiﬁcantly increased investment in training and development. The opportunity to work towards MCIPS status is an ever more popular development and retention strategy for many organisations.”
For the third year in a row, we have seen a rise in the average level of pay increase for procurement professionals in the UK, with a 5.3% rise this year compared to 5% in 2016 and 2.5% in 2015. This is again above the national average of 2.2%.
The higher earning power of MCIPS members:
22% AVERAGE SALARY DISPARITY MCIPS v Non-MCIPS
Key skills sought by employers:
As the procurement function continues to grow and develop within organisations, candidates will ﬁnd themselves taking on more varied roles and responsibilities. SCOTT DANCE Director, Hays Procurement & Supply Chain
Communication and soft skills remain the most important factors for procurement professionals to perform their job well. It was regarded as very important by 80% in the Private Sector, 78% in the Public Sector and 85% in Charity/Not For Proﬁt organisations.
The most notable diﬀerences between the Public and Private Sectors include the following:
• Due to a greater focus on delivering competitive advantage and proﬁtability, Private Sector professionals place more importance on negotiation (78% v 57% in the Public Sector), sourcing (70% v 55%), and outsourcing/oﬀshoring and insourcing (25% v 12%).
• In the wake of spending cuts, an increase in contracts being let and legal requirements in the Public and Charity/Not For Proﬁt Sectors, tendering and speciﬁcation development are more important.