What should you be looking for in your procurement candidates?
The Chartered Institute of Procurement and Supply (CIPS) have launched their annual CIPS/Hays Procurement Salary Guide and Insights 2019 which draws some clear points both on the outlook for the profession and what recruiters are looking for in their candidates.
Supply Management Jobs take a look at some of the key take-aways from the UK report and how you can stay ahead of your competitors.
MCIPS is preferential
What is evident throughout the report is the importance of CIPS membership to both recruiters and employees. 66% of UK recruiters state a preference for MCIPS candidates proving that membership of the professional body is a decisive differentiator amongst candidates.
MCIPS is a mark of professionalism and performance, highlighting a candidate’s dedication to the profession. It’s also widely acknowledged that they add real value to an organisation. CIPS’ Measuring the Benefits report found that one of CIPS Corporate Award clients had increased efficiencies by 22% and training by 27% whilst reducing staff turnover by 45%. Therefore, it should be a consideration when you are hiring new procurement talent.
However, it is also integral to focus on how you can attract this talent to your roles. The UK Salary Guide found that professional body membership fees paid by the employer is a top benefit for those working in the Public or Charity/Not For Profit sectors. As such, you can incentivise these applicants by advertising that you will pay their membership fee.
Alternatively, the report also found that MCIPS can earn up to 15% more than their non-member colleagues in the UK and bonuses for FCIPS considerably out-weighed their counterparts seeing a 21.3% increase in the last year. So a higher salary or bonus potential would seem attractive to these professionals.
Key recruitment trends and challenges
56% of respondents to the UK CIPS/Hays Procurement Salary Guide and Insights 2019 said that they faced challenges in finding the right talent to fill their roles in the last year. Meanwhile, the number of recruiters looking to hire new talent in the next 12 months has increased by 5% on last year’s figure. This highlights that demand for skilled procurement talent is high and continues to grow, despite challenges in finding these candidates.
Recruiters are being faced with a number of road blocks when it comes to finding high-quality talent. Lack of sector skills and experience, candidate salary expectations and budget constraints continue to be the most cited concerns for employers in the UK with 56% stating that they are still searching for talent to help shape their business goals.
If you are also facing the same challenges as many in the profession, there are ways to combat them. As the official job board of CIPS, Supply Management Jobs is the first port of call for MCIPS looking to change jobs. Our industry-recognised specialist job board for procurement and supply is best placed to generate applications from leading talent and fill your roles.
As we have already mentioned, hiring a CIPS qualified employee can be hugely beneficial to your business. But, you might also want to consider hiring a non-CIPS member and incentivising this individual to work for you (whilst you reap the benefits as well) by offering them the opportunity to gain a CIPS qualification, whether directly or through a recognised apprenticeship.
Whatever you decide, Supply Management Jobs is here to help you with your procurement and supply recruitment challenges. So whether you’re simply looking to post a job, or an advanced solution such as our Applications Assured package which guarantees 10 applications or your next advert is free, get in touch today.
*These statistics are taken from the UK version of the CIPS/Hays Procurement Salary Guide and Insights 2019, you can find regional reports for Sub-Saharan Africa, South Africa, Australasia and MENA here.