Procurement job vacancies up 28 per cent in 'candidates' market'

Will Green is news editor of Supply Management
16 January 2014

16 January 2014 | Will Green

The number of job vacancies in procurement has increased by 28 per cent over the past year, according to a study.

The Reed Salary Guide and Market Insight 2014 revealed a “shift to a candidates’ market”, with 29 per cent of buyers planning to change jobs this year and 41 per cent of businesses concerned about losing talent.

The survey found more than half of purchasers had not received a pay rise in the past year, and 29 per cent had received no incentives at all, while 62 per cent of firms had no talent management plan in place.

However, 82 per cent of buyers felt satisfied in their current role and 86 per cent said they were secure.

Tom Lovell, group managing director at Reed, said: “Despite lacking rewards, the majority of those working in procurement are satisfied or very satisfied in their current role. However, as the economy continues to strengthen and job opportunities rise, the competition for quality candidates will increase, and businesses can’t afford to lose out.

“Despite a need to attract and retain talent within their organisation, businesses aren’t investing in their workforce by offering improved salaries or training, and this will impact on their overall satisfaction rating for their entire workforce.”

Reed anticipates jobs growth in the property, construction, engineering and automotive sectors in the coming year, with pay levels increasing.

Current salaries:

London

CPO  £100,000–£250,000

Senior buyer £30,000–£50,000

South East

CPO £90,000–£150,000

Senior buyer £28,000–£45,000

Midlands

CPO £80,000–£200,000

Senior buyer £30,000–£50,000

South West

CPO £60,000–£120,000

Senior buyer £35,000–£45,000

North

CPO £70,000–£150,000

Senior buyer £26,000–£38,000

Scotland

CPO £50,000–£100,000

Senior buyer £25,000–£35,000

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