Job candidates sitting in a row © 123RF
Job candidates sitting in a row © 123RF

'Gig economy happening as we speak' buyers warned

21 April 2016

Procurement professionals have been warned around half of jobs will become part-time roles over the next 15 years.

During the launch of the CIPS/Hays Salary Guide, David Noble, group CEO, CIPS, acknowledged the profession’s successes over the past year but sounded a warning over the changing economic landscape.

Addressing peers on Tuesday, Noble said the world of work is constantly shifting and evolving. “By 2030 around 50% of all work will be part time,” he said. “The trend towards a gig economy [in which temporary jobs are common] is happening as we speak.”

He added that by 2020, human knowledge will double every 12 hours, and 15 years from now, 65% of graduates will be doing jobs that don’t currently exist. It’s a sobering thought, with huge implications for CIPS and procurement professionals in general.

In addition to these economy-wide issues, the salary survey highlighted particular challenges for procurement.

A 5% average increase in salaries over the past year, for instance, demonstrated the profession’s buoyancy, which has in turn led to increased confidence among candidates. Good candidates now come with increasingly high salary expectations, which has proved challenging for 43% of employers.

Around 64% of organisations say they intend to recruit over the next 12 months, yet demand for procurement talent continues to outstrip supply. A lack of specific sector skills and experience was identified as a problem for 35% of those surveyed, and 75% of respondents said they had encountered difficulties in finding the right staff to fit the job.

Gavin Jones, director of Hays Procurement & Supply Chain said: “With a high percentage of procurement professionals looking to progress their career and move roles in the coming year, the challenge faced by organisations to recruit the right people to enable growth shows no sign of improving.”

Predictably, salaries remain the biggest driver for employees considering new employment, with 70% stating it was a very important factor in their decision. However, the chance to progress their career within a reputable company was also a major consideration. The survey found candidates are placing increasing importance on the content of the work (stated by 58%), as well as a company’s commitment to training and development.

Elsewhere, the report highlighted the continuing disparity between the private and public sectors. The average London salary in the public sector was £45.6k during the past year, compared to £63.8k in the private sector.

And there was bad news for women in both sectors, who received lower salaries and bonuses on average than their male counterparts.

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