The findings are based on research conducted in September 2019 as 5135 respondents around the world contributed to the latest CIPS/Hays Procurement Salary Guide and Insights Report 2020 which evaluates a range of issues in procurement. This includes the perceptions of procurement, benchmarks salaries and bonuses for different roles. The survey also highlights career aspirations and offers insights on how to attract the best talent in the profession across sectors and across the world, including the MENA region. MCIPS professionals in the MENA region reported higher salary levels than buyers without membership of CIPS and the difference was high at 46%. MCIPS professionals earned an average of USD 92,585 vs their non-MCIPS counterparts at USD 63,631. The gender disparity also remains significant, and shows a worsening picture as the gap between men and women doing the same job increases to 64%. Men earned an average of USD 73,823 (last year USD 70,300) compared to women at USD 45,040 (last year 50,700). The reasons for the gap increase are unclear, and other benefits may have become more important, but the statistics show that the issue of inequality still needs addressing in the profession. In terms of bonuses, private medical insurance was the most common benefit received by both genders In terms of skills that were regarded as the most valuable in the profession overall, communication skills was the top skill in demand across all levels. At senior levels this changed to leadership and negotiation skills as the most valuable, as challenges in sourcing and complexity in supply chains become more acute and creative, innovative solutions need to be found. Overall the perception of what procurement offers businesses and organisations across the region has improved and the reputation of the profession has grown. 78% of respondents agreed that there was an improvement and 76% believed that senior colleagues in their organisation understood what procurement could offer them. Sam Achampong, General Manager, CIPS MENA said,”The picture our report paints of the value placed on strong procurement and supply management is largely positive but there are still some challenges. In the main, these centre on internal issues such as not being seen as a business partner and not being engaged and able to input ideas from the start of a project. In reality, gaining competitive advantage through appropriate sourcing, efficiencies and effective risk management are real value-adding activities, and so business leaders are increasingly seeking procurement professionals who are able to deliver these outcomes and enhance their business.” The number of procurement and supply chain professionals in the MENA region is expanding. Find out more and download a copy of the report from the CIPS website. Ends Notes to editors: The Chartered Institute of Procurement & Supply The Chartered Institute of Procurement & Supply (CIPS) is the world’s largest procurement and supply professional organisation. It is the worldwide centre of excellence on procurement and supply management issues. CIPS has a global membership of over 70,000 in 150 different countries, including senior business people, high-ranking civil servants and leading academics. The activities of procurement and supply chain professionals have a major impact on the profitability and efficiency of all types of organisation and CIPS offers corporate solutions packages to improve business profitability. www.cips.org; @CIPSNews About Hays Hays plc (the "Group") is a leading global professional recruiting group. The Group is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK and Asia Pacific and one of the market leaders in Continental Europe and Latin America. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments. As at 31 December 2019 the Group employed 11,600 staff operating from 266 offices in 33 countries across 20 specialisms. For the year ended 30 June 2019: – the Group reported net fees of £1,129.7 billion and operating profit (pre-exceptional items) of £248.8 million; – the Group placed around 81,000 candidates into permanent jobs and around 254,000 people into temporary assignments; – 18% of Group net fees were generated in Australia & New Zealand, 27% in Germany, 23% in United Kingdom & Ireland and 32% in Rest of World (RoW); – the temporary placement business represented 57% of net fees and the permanent placement business represented 43% of net fees; – Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, China, Colombia, Chile, the Czech Republic, Denmark, France, Germany, Hungary, India, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Romania, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the UK and the USA www.hays.co.uk; @Haysnews Press contacts: Helen Flannery, Hays; helen.flannery@hays.com; +44 (0)20 3040 0282 Trudy Salandiak; CIPS PR Manager; trudy.salandiak@cips.org ; +44 (0) 1780 761576; 07554 400 731 *About the survey The CIPS/Hays Procurement Salary Guide and Insights 2020 allows procurement professionals and employers to benchmark salaries and bonuses for different roles and profiles; highlight career aspirations; understand perceptions of procurement. The findings in this report are based on research conducted in September 2019 via an online survey among professionals currently working in procurement. This year over 5000 professionals globally completed the survey. |
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