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Procurement People: Careers, Leadership, People on the move, Talent Management
Articles in category: Talent Management
A talent shortage is plaguing businesses across various industries – and the larger the company, the greater the problem. A recent survey from InformationWeek found that 88 percent of respondents at companies with more than 1,000 employees face a skills shortage, compared to 73 percent of respondents at smaller firms.
Procurement is certainly one of those professions with a particular shortage.(Read Full Article)
If you are one of the Generation Y (born between the mid-1980s and 2000) and have ambitions to get ahead in procurement, you can expect great opportunities ahead due to the retirement of the Baby Boomers.
The Department of Energy (DoE) will commence with the nuclear procurement process in the second quarter of this financial year, Minister Tina Joemat-Pettersson said on Tuesday.
There is no confusion regarding the implementation of the Broad-Based Black Economic Empowerment Act, says the Department of Trade and Industry (dti).
In order to get the best performance from a machine, it should be well looked after, used mostly for the purpose it was intended and not put in hazardous positions that may damage it.(Read Full Article)
John Glen, CIPS economist and senior lecturer in economics at Cranfield School of Management, says the labour market for procurement professionals is "incredibly tight". © Rafael Bastos Retaining procurement professionals is as important as recruiting them, an event was told.(Read Full Article)
The war for talent is picking up again. More and more companies are starting to hire people for challenging positions and now we are starting to see examples of how innovation is being used as an employee branding tool.
Talents are attracted to work places where they can be intellectually stimulated, have freedom to operate and thus the ability to make things happen and make an impact on smaller or bigger issues in the world.
Will this impact on the procurement profession too?(Read Full Article)
How will an organisation’s upcoming skills development submission impact on its future BBBEE ratings and what steps can be taken to maximise their scores in this element?(Read Full Article)
World’s first Massive Open Online Course (MOOC) and blended learning programs for public procurement was launched in March 2014 and has seen more than 55,000 visitors. More than 4000 people have enrolled for the course. It is regularly accessed by users in 135 countries worldwide.(Read Full Article)
This article is a call to action for procurement leaders to conduct a capability assessment and create a subsequent business-case for investment in team development, paving the way for improved staff retention, lower hiring costs, uplift in team performance and resultant value delivery.
There is a pressing need to develop and implement fact-based capability plans…
In 2011 the Australian Chamber of Commerce and Industry (ACCI) conducted a survey entitled Employers’ Commitment to Training, concluding that only 80 per cent of employees possessed the skills required to perform their jobs(Read Full Article)
As part of Spend Matters focus on Talent this month we are contributing a series of articles relating to the subject of recruitment and retention of outstanding procurement professionals.A great recruitment strategy actually starts with the retention of your best people. Why? Retaining, developing and promoting your best people sends a very positive message to the market that your department is a great place to work. Conversely an organisation wi...(Read Full Article)
Has your procurement organisation recently looked at the ratio of different age generations that it is made of? Recent research by Procurement Leaders (The 2015 Trend Report) reveals that succession planning is a real challenge for today’s CPOs. But, understanding which generations are represented on your team and what their idiosyncrasies are will not only help with succession planning or wider talent management.
Research by Barclays found that 33% of the current UK workforce are baby boomers (those born between 1945 and 1960).(Read Full Article)
Over one thousand small businesses received a boost in the last financial year by tapping into over R2-billion in the South African Road Agency’s (Sanral) procurement spend. Sanral is a statutory company which finances, manages and maintains the country’s national road network.(Read Full Article)
The world is aging, and that matters for growth. In the past, an abundant and growing labor pool was a powerful engine of the world economy; today, the number of workers is starting to decline in many countries. This leaves no alternative but for companies, individuals, and governments to work in smarter ways. In an era of profound demographic change, another productivity revolution is a necessity.(Read Full Article)
Contemporary procurement’s role is continuing its progress from decision support to one requiring a predictive capability; and increasingly there is currently demand for procurement professionals who can demonstrate that they are both commercially focused as well as capable of analytical work.(Read Full Article)
We’ve written and spoken a lot about the arrival of the Millennials – the generation that has no idea how life was before Google and mobile phones; who are tech-savvy, globally aware and demanding of flexibility and diversity in their lives. Intellectually, they are no different from previous generations (we like to tell ourselves) but new tools have revolutionised how they approach life and work.(Read Full Article)
According to Forbes, high-level trends like the growing skills gap increase pressure on staff to “stay relevant, choose degrees that turn into jobs and constantly reinvent themselves”.
Top HR Workplace Trends in 2015
1. Expect the skills gap to widen
Skills mismatch – or ‘the gap between the skills required on the job and those possessed by individuals’ – is a worsening structural issue that is set to affect supply chain competitiveness in 2015.(Read Full Article)
Mike Blanchard, general manager of strategic procurement at Sydney Trains, made the point while addressing delegates at the CIPS Australasia Conference this month. He said high-performing teams have the following five characteristics: they share the same vision; have a healthy team culture; clearly defined roles and expectations that encourage excellent performance; everyone is held accountable and; the leader of the team acts by example.(Read Full Article)
Knock-on effects include inability to repay loans and to obtain tax clearance certificates for tendering purposes(Read Full Article)
The free flow of workers between companies is central to economic growth and innovation. Yet employers are increasingly taking legal action to prevent former employees from using knowledge and skills learned on the job.
More and more frequently, firms are asking new hires to sign post-employment agreements, which prevent former employees from working at rival firms or starting up their own companies in the industry.(Read Full Article)
Launched earlier this year in hard and soft copy, this comprehensive competency framework will enhance organisational and individual performance as it offers a benchmark for all levels in the profession and can be used for all sectors. The Global Standard is based on extensive research with around 5,000 procurement and supply professionals at all stages of their career and from organisations from around the world.(Read Full Article)
A fundamental shift is underway in today’s employment landscape. The majority of a company’s workforce no longer consists of long-tenured, full-time employees, whose first job was often the same one as when they eventually retired.
In this guest post, Procurement Leaders invites Arun Srinivasan from Fieldglass (now part of SAP), to highlight the demographic changes affecting contingent workforce spend and suggest where procurement’s priorities should lie.
Small Business Development Minister Lindiwe Zulu says she is ready to become the voice of small business in South Africa.
South African Oil and Gas Alliance CEO Ebrahim Takolia has argued that South Africa should first increase the size and distribution network of the local gas market.(Read Full Article)