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Procurement People: Careers, Leadership, People on the move, Talent Management
Articles in category: Talent Management
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)
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)