Over 4000 global procurement professionals* contributed to the latest free salary guide from The Chartered institute of Procurement & Supply (CIPS) in partnership with recruiting experts Hays Procurement. The CIPS/Hays Procurement Salary Guide and Insight 2018 report benchmarks salaries and bonuses for different roles and profiles, and offers insight into career paths in procurement for permanent and interim contracts and across sectors.
Great news for those professionals with MCIPS as 49% reported higher salary levels than those without. MCIPS professionals earned an average of USD 23,301 compared to non-professionals at USD 17,632 but 46% reported that those responsible for recruiting procurement staff struggled to find the right people.
The disparity in salaries between genders still causes concern as a shocking 52% of men earn more than women at advanced professional level. This drops at lower levels where there is an 8% disparity at professional level, 11% at managerial, and 4% at tactical, but the gap is still wide. Only at operational level do women start to earn more and 20% did.
Though salary uplifts were still subdued, a third of professionals (33%) still received a bonus, though they were the lowest out of all the regions surveyed [link to global results].
In terms of benefits the Sub-Saharan region showed a different benefit structure as private medical insurance and support for study and career development both came top at 44%. Life assurance and death in service benefits came second at 34%.
Hemant, Harrielall Managing Director of CIPS Africa said, commented: “The value of the profession is still in evidence as the search for talent intensifies. That almost half our respondents are finding it difficult to find the right people with the right skills isn’t a surprise given the worth of procurement specialists.
“That good procurement and supply chain management is seen as more important than ever before means we have a pathway to secure more trained and skilled professionals in Sub-Saharan Africa. CEOs and government teams will be looking to turn this value into realistic steps and get more staff on board to build strategic value for their organisations,
”Our members are the cream of the crop and we welcome more people to train and upskill themselves in supply chain practice and join us.”
Scott Dance, Director Hays Procurement & Supply Chain, commented, “Finding the right people is of paramount importance to be able to build the best team.
“Our report also highlights the ongoing issues that employers face when recruiting. Professionals with the right soft skills are of great importance, however can be difficult to find. This can be especially challenging when seeking talented senior procurement professionals, who are all the more important to bring about the change which is high on the agenda for many organisations.”
The full report also reveals more information about salaries and the most valued bonuses for Sub-Saharan professionals.