Figures compiled by Hays Procurement, a recruiting company, show that the number of procurement and supply chain job vacancies has risen significantly, with 33 % more jobs advertised in Q2 2011 compared with the same period in 2010. Vacancies for Procurement Officers increased most sharply (200%) followed by Senior Buyers (110%) and Procurement Managers (75%).
The highest concentration of job vacancies is in the South East (22%) and London (18%), followed by the Midlands (12%) and the South West (12%), with growth strongest in the automotive manufacturing jobs sector, up an average of 73% per quarter in the first half of the year.
There was also found to be a notable increase in the number of public sector vacancies, with an average 29% increase in the first two quarters of 2011. This is despite otherwise high rates of job cuts in the public sector, which are predicted to reach 610,000 by 2014/15 at current rates, but also perhaps because of increased pressures within the public sector to reduce costs.
“These increases are also reflective of an on-going trend of procurement becoming recognised as a high-level strategic function within organisations during the past decade, shown particularly in terms of salary increases. According to Hays Procurement the number of senior procurement jobs with advertised salaries of between £75,000 and £100,000 per annum rose by 35% in the first half of 2011,” the recruitment firm said in a statement.
Similarly, 60 per cent of respondents to the and the Chartered Institute of Purchasing & Supply (CIPS)/Supply Management Profile of the Profession Survey earlier this year, reported that their salary had increase in the past two years. An overwhelming 86% said their procurement department was doing more than it was 5 years previously, and 39% said they report to a higher level of the company than they did 5 years ago.
David Noble, CEO of the Chartered Institute of Purchasing & Supply said: "The financial crisis and continuing uncertainties weighing on the global economy, have led many companies to review their business strategies and to expand parts of their operations that ultimately help them to reduce costs and ensure the sustainability of future growth. Meanwhile, recent scrutiny of government procurement strategies has led to more strategic employment in the sector."