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The bulk of new job opportunities for buyers will come from the financial services and technology sectors over the next year, according to a survey.
Procurement and supply chain recruitment firm Langley Interim Management said 29 per cent of the 281 procurement and supply chain specialists surveyed expected banks to be the most active hirers of procurement staff.
Ross Pheby (CRCT), head of Langley’s Executive Interim Practice, said: “Since the financial crisis, the banking industry has been involved in an almost constant round of cost-cutting programmes.
“Specialist purchasing managers can have an almost immediate impact on the bottom line of a bank. Pressure to reduce costs means banks are increasingly on the look out for suitably qualified specialists to keep their external spend constantly under review.”
Procurement can help banks cut costs by finding more reliable or faster IT systems or trading platforms or improving a bank’s outsourcing or offshoring strategy, he said.
An almost equal number of respondents expected most new opportunities to be in the technology sector in the next 12 months as businesses seek to update their workplace hardware and software.
Key technology infrastructure projects in the UK such as building and testing the UK’s 4G mobile network and the installation of ‘smart’ utility meters in new-build houses would also increase the demand for skilled buyers, the survey found.
Langley also found pay rates for interim procurement professionals had largely weathered the recession, with interim buyers earning day rates of an average of £530 over the past year. Forty per cent of those quizzed said their day rate was between £500 and £799. Twelve per cent charged more than £800 a day.
Just under half had to wait less than two weeks between roles, with only four per cent having to wait over a year.
Forty-one per cent of buyers said their role required them to travel overseas and almost half of all respondent believed earnings will rise slower than inflation over the next 12 months.