Booming job market could trigger talent crisis

20 August 2021

Around two thirds of procurement and supply chain professionals are considering switching employer, threatening a potential talent crisis in the sector, a new survey has found.

A buoyant post-pandemic job market, where most procurement and supply chain professionals believe their future economic prospects are good – appears to be behind the willingness to move.

The 2021 DSJ Global study canvassed more than 1,000 experienced supply chain and procurement professionals around the world in April and May this year.

In sharp contrast to last year, 58% of professionals surveyed felt positive about the current job market – compared with only 36% in 2020.

And 55% said they were optimistic about economic expectations.

But while 63% felt confident about their job security – up from 41% in last year’s report – 66% said they may leave their current job over the next six months.

The survey indicated an increasingly mobile workforce for many people, with 74% of respondents saying they would relocate for a new opportunity, recruitment firm DSJ Global said.

More than half (58%) of respondents said flexible working options were important or very important to them.

A recovering economy has led to 54% of respondents saying they had received a bonus this year ­– up from 43% in 2020.

The same percentage said they expected to be paid more in the next 12 months.  

Showing, perhaps, that money alone does not necessarily buy loyalty, 57% said a high salary would be the main reason for a move, with 56% citing career progression.

In general, procurement and supply chain professionals also seem to have become a happier bunch, with job satisfaction almost doubling to reach 50%, up from just 28% last year.

“Perhaps organisations have weathered the worst of a difficult year and, post-pandemic, optimism towards business activity, recovery and employability has undoubtedly strengthened on the back of global economic growth; aided by vaccine rollouts and a predominant bounce back in world trade,” said the study.

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