The CIPS Fellows of the Future event heard advice on succession planning ©Mark Green
The CIPS Fellows of the Future event heard advice on succession planning ©Mark Green

Fellows of the Future: Building the pipeline of procurement talent

29 March 2018

At a CIPS Fellows of the Future event in London, future leaders had the chance to network with CIPS Fellows and board members

It is part of a programme to build the pipeline of procurement talent, with 44 up-and-coming CIPS members chosen to take part.

RSA head of procurement Amanda Earnshaw started the initiative. It’s all about planning for the future of the profession, she told SM. With 40% of those on the programme being women, she hopes it will produce a cadre of female leaders.

At the event, CIPS interim group CEO Gerry Walsh offered tips on why succession planning should be a part of your job:

• It helps your organisation measure the strength of the talent pool and understand where gaps are. “If you don’t do it, you will roll into trouble somewhere down the road,” Walsh said. Having a succession plan will help prepare you for unexpected events, such as people leaving.

• It helps inform recruitment decisions. “Without a plan, you won’t necessarily be recruiting what you need for the future,” he said. “Succession planning helps you to think about the future, rather than just the here and now.”

• It reduces reliance on external recruitment agencies, cutting costs.

Promoting from within will increase motivation among your team, and should lead to higher retention rates. “If you don’t have these programmes, it’s your top talent who are more likely to leave,” he warned.

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