Over 3000 global procurement professionals* contributed to the latest free salary guide [1] from The Chartered institute of Procurement & Supply (CIPS [2]) in partnership with recruiting experts Hays Procurement.  The CIPS/Hays Procurement Salary Guide and Insight 2018 report [3]] 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, the professional CIPS membership as these professionals earn an astonishing 47% more than those without. MCIPS professionals earned an average of USD 30.257 compared to USD 20.538. In the private sector, average salaries were USD21.100 where the public sector the average salary was USD19.400 and charity sector USD17.300. Almost half the respondents (41%) to the survey with recruitment responsibilities said they struggled to find the right people even though the reputation of procurement was soaring as 85% said the profession was viewed in a positive light.

This is because procurement professionals have a range of skills crucial to the productivity and survival of organisations of all kinds, from business to not-for-profit. The survey found that supplier relationship management was seen as the most important skill across all levels.

In terms of benefits for the profession in the Sub-Saharan region, 44% received private medical insurance, 27% a work mobile, 26% life assurance and 23% were supported in their professional development with their employer paying professional membership body fees.

HEMANT, HARRIELALL MANAGING DIRECTOR OF CIPS AFRICA said, commented:
“Leading procurement functions are increasingly being recognised as a strategic function, integral to an organisation’s value stream. In addition, procurement leaders are seen to be expanding their remit from a focus on cost leadership to enabling integrity and certainty of supply, agility and ultimately competitive advantages. It is hoped that procurement professionals continue to positively influence and contribute to the overall business strategy and focus.

_“Disappointingly has been an increase in the gender pay gap, which has gone from men earning 17% more than women in 2018 to 49% more. We must raise awareness of this and ensure that it is dealt with in order to narrow the disparity and achieve a level playing field.”

SCOTT DANCE, DIRECTOR HAYS PROCUREMENT & SUPPLY CHAIN, commented, “Creating a pipeline of talented procurement professionals with the right skills not only for the short-term, but for the long-term too, will stand organisations in good stead. It will help them to continue building positive perceptions, ensure they are better equipped to face the challenges and enable them to access the skills they need to drive growth.

We hope you find the insights covered in this report useful in your workforce planning, or as a guide for your own career development.”
The full report [4] reveals more information about salaries and the most valued bonuses for Sub-Saharan professionals.