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Procurement People: Careers, Leadership, People on the move, Talent Management
Articles in category: Talent Management
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.
Every year, the Manpower Group, a human resources consultancy, conducts a worldwide “Talent Shortage Survey.” Last year, 35% of 38,000 employers reported difficulty filling jobs due to lack of available talent; in the U.S., 39% of employers did. But the idea of a “skills gap” as identified in this and other surveys has been widely criticized.(Read Full Article)
SAP has announced a seven-year plan to up-skill local African talent and drive sustainable innovation and growth in Africa.
With more than 1,300 customers across the continent, SAP is already enabling African businesses and governments of all sizes to grow, scale and globalise, as well as make the transition to a networked, technology-driven innovative economy.
As part of this commitment, SAP Africa is now taking responsibility for SAP operations across 51 African countries, including Morocco, Algeria and Tunisia and Mauritania.(Read Full Article)
Talent management continues to be a major priority and challenge for procurement. Virtually every company is exploring ways to recruit and train staff. An interesting description of one superb effort -that at ABB - provides suggestions others may well look to adopt.
The effort at recruitment may be getting stronger. A recent report says that 63% of procurement and supply chain employers surveyed will increase hiring this year, and that, indeed, junior staff are in demand. No definition of "junior," but presumably they are very young. And that raises a point worth considering.(Read Full Article)
We all may be sick of hearing the phrases “the war on talent” or “the talent wars,” however, the very truth of contemporary contingent workforce management (CWM) dictates that talent is a primary focus for achieving core business objectives through temporary labor.
It’s no great secret that the CWM industry has been evolving for quite some time; a space that was once an afterthought before the economic downturn of last decade has now become a vital component of the average enterprise. In fact, Ardent’s latest research has discovered that this industry will grow by nearly 30% over the ...(Read Full Article)
How does procurement manage to keep today’s best talent engaged when their aspirations for career development outpace the available moves in the organisation’s structure?
Retaining key talent is a top priority for procurement. In this guest post, Cancer Research UK’s head of procurement David Lyon writes about how secondments and closer relationships with key organisations can help to develop and motivate key personnel.
CHIEF executives of large companies across 68 countries say they are concerned they will not find the skills they need in the labour market as firms gear up again for growth.
The survey of the perceptions of 1,300 chief executives, undertaken by auditing firm PwC, found that 63% of chief executives were concerned the skills their firms need are not available. In SA, concern over skills supply was among "the highest in the world", with 87% of CEOs expressing concern over skills.
The sample survey was selected from large companies and listed entities, but is not representative.(Read Full Article)
The Department of Science and Technology’s flagship project, the Square Kilometre Array (SKA) radio telescope, may benefit from the government’s latest list of critical skills eligible for visas and residence permits, as it includes disciplines related to radio astronomy.
The SKA is an international science project which, when completed, will be the world’s most powerful radio telescope. South Africa is co-hosting the telescope with Australia, and will invest about R2bn in it in the next three years.(Read Full Article)
In her new job as Small Business Development Minister, Lindiwe Zulu can make a big difference to South Africa’s fortunes. But a lot of work lies ahead for her and fellow ministers in the sector.
One task awaiting her is to "massify" the many good policies that already exist but which lack sufficient scale. Others are to secure a part of the government’s annual procurement budget of nearly R190bn for goods and services for the small business sector, cut red tape and ensure that the government pays small businesses on time as it has promised repeatedly to do ...(Read Full Article)
The Institute for Supply Management (ISM) released its 2014 Salary Survey that revealed a decrease in salary for the average professional, and the fact that compensation was the most important factor for job candidates evaluating job opportunities in the supply chain industry.
ISM’s Ninth Annual Salary Survey finds that the average base compensation for all participating supply management professionals was $101,608 in U.S. dollars, a decrease of 2 percent compared to the average for 2012 ($103,793)(Read Full Article)
The New Centre of Excellence in Scientometrics will go a long way in taking South Africa's ability to understand and fine-tune the innovation environment, to a new level.
This is according to the Minister of Science and Technology, Derek Hanekom, who launched the new centre at Stellenbosch University on Thursday.
"This CoE [centre of excellence] must build on our existing capacity in scientometrics and innovation policy; it must foster additional capacity and take our ability to understand and fine-tune our innovation environment and policy to a new level.(Read Full Article)
In a big move to revitalise South Africa’s rail system, Transnet has awarded a R50 billion contract for the building of 1 064 modern and technologically advanced locomotives.
Economic development agency the Eastern Cape Development Corporation (ECDC) on Tuesday reported that it had facilitated the creation of 18 314 jobs and job opportunities through the disbursement of R650-million in loans to more than 2 300 small, medium-sized and microenterprises (SMMEs), over the last five years.(Read Full Article)
Despite her skiing injury, one meeting the German Chancellor, Angela Merkel, did attend was the first cabinet meeting of Germany’s new coalition government which took place in the second week of January.
An element of the government’s programme, which has been met with mixed reactions in Germany and beyond, is the issue of gender quotas on supervisory boards of publicly listed companies. The government’s decision to introduce mandatory 30% female representation is aligned with last November’s decision by the European Parliament to approve the implementation of mandatory quotas requiring 40% female representation for non-executive directorship positions ...
With all the justified concern about finding the right people for a fast-changing procurement profession, here is a suggestion from the marketing world that could well make sense: try and buy.
Marketers of everything from cars to consumer magazines to software to toys use that strategy to lure customers. In procurement’s case, CPOs could turn the concept around and combine it with a rigorous internship program; give candidates a chance to find out what procurement is really like by handing them some real project responsibility and seeing how they perform without committing to hiring them full time until the ...
Procurement has been faced with fundamental changes of the business environment over the last few years and from my point of view there is one decisive factor to turn trends into opportunities: people.
The transformation from a traditional purchasing department to a modern service unit requires a radical change of style and mindset. Experienced managers charged with the restructuring of a company’s procurement operations are aware of that hurdle and start their job by determining who of the staff is able and willing to support the endeavor and who is not.(Read Full Article)
Explore BDlive (Nov 12 2013) Preferential Procurement , Procurement Ethics , Supplier Diversity , Supplier Relationship Management , Manufacturing & Automotive , Public Sector , Transport & Logistics , Talent Management
Department’s "hard targets" for state-owned companies seen as alternative to mandatory "set asides" wanted by Black Business Council(Read Full Article)
Temporary workers remain a key component of any business’s ability to be agile and adapt to meet customer demand. More and more businesses are realising that they need to operate in a manner which lets them flex their staffing levels and remain in financial control, while continuing to provide an effective product or service. However, continuous levels of poorly managed temporary worker usage can be costly, particularly when an organisation places high levels of reliance on agency staff.
By focusing solely on reducing supplier costs, many procurement and HR professionals underestimate the demand costs of recruitment.(Read Full Article)
Here’s a suggestion for any CPO trying to figure out how to lure bright young new talent into his or her organization: Emphasize the importance of, and the opportunity to use, technology.
It was technology in the form of spend analysis, reverse auctions, and other applications that helped revolutionize procurement and put it on the path to being a strategic function rather than a mere back-office bureaucracy. And, it’s technology that will be a principal enabler for the functions to prove its value and deliver value to the organization in the years ahead. Where does that fit in ...
Companies would be granted a one-year transitional period to align with and prepare for the implementation of the revised broad-based black economic empowerment (BBBEE) Codes of Good Practice following its gazetting on Friday. This seemed to be the only good news to emerge out of the newly gazetted codes, global audit, tax and advisory firm Mazars national BBBEE leader Tony Balshaw noted on Monday.(Read Full Article)
A CPO from the financial services industry talks about the benefit of using best practice to assess skills needs in her procurement team. Training remains a much discussed topic in the procurement community. Procurement Leaders recently ran a global benchmarking study, which revealed that investment in staff training goes up as procurement functions mature – from an average of 3.7 days per year at the least advanced companies up to 8.4 days at the most advanced companies.
But at the same time, there is a limit to the benefits of continued investment, often coming down to a much dreaded ...
A survey of 750 senior supply chain professionals by SCM World, found they are facing five major issues. Kevin O’Marah, chief content officer at SCM World and co-author of the report, said: “Supply chain needs to catch up to the bigger role we have claimed for ourselves in recent years. Unfortunately, we still seem to struggle with developing the skill sets required among our teams.
“Too little systematic talent development and too hazy a measurement system may be confounding our efforts and investments at exactly the time they are needed most.” The five issues cited by The Chief Supply ...(Read Full Article)
The supply chain profession urgently needs to fix the problem of a chronic shortage of talent, writes Dr. Chris Caplice, Executive Director, MIT CTL. We believe that an online learning curriculum now under development at MIT CTL could offer a solution – but we need the industry’s help to shape it.
The new virtual classroom is called SCMx, and it has the scale and flexibility required to educate huge numbers of individuals worldwide in a single sequence of courses. In our opinion such a curriculum would expand the talent pipeline and provide a world standard for supply chain education.(Read Full Article)
Supply chain talent is a growing gap for leaders. The impact is great. The biggest issues are in mid-management roles. Let’s examine some of the facts from recent research. Today, 60% of companies have open positions. Fifteen percent of the planning positions are open for an average time of five months. An IBM surveys report that 51% of companies are seeing an increase in turnover of supply chain leaders. Have I convinced you yet to be worried?
If so, let’s start working on an answer. Let me give you the first clue. The answer is not recruiting more ...(Read Full Article)