How to Win the War for Talent in Procurement

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As the world becomes increasingly digitized and remote work becomes more popular, the traditional workforce is slowly coming to an end. Companies can expect major changes in the labor component of most supply chains. Shortages working in procurement and logistics will also be a problem.

The root cause of this problem is a lack of interest in jobs. People like delivery truck drivers are now electing to do other things. This presents a huge challenge for procurement organizations, which need talented workers to help them fulfill their missions.

In this article, we will explore how procurement organizations can win the war for talent, both to bolster their own workforces and to improve their labor supply chains.

Competing Based on Digitization and Remote Work

First and foremost, procurement organizations need to make themselves attractive to talent by offering opportunities for digitization and remote work. This is the biggest trend in the workforce today, and it’s only going to become more popular.

Offering digital tools and the ability to work from home will help you appeal to top talent. If you can’t offer these things, you’ll have a hard time recruiting and retaining the best workers.

Another way to win the talent war is by using innovative technologies. This includes everything from artificial intelligence (AI) to blockchain. By implementing these technologies, you’ll be able to show potential recruits that you’re a cutting-edge organization that is worth their time and talent.

Winning New Procurement and Logistics Talent

There is a talent shortage in the supply chain, especially when it comes to logistics. There is no clearer evidence of this than the ongoing truck driver shortage that has impacted almost every market.

One key way to attract new procurement and logistics talent is by offering competitive salaries and benefits.

This is always a major factor in any talent decision, and it may sound like a no-brainer, but it can be a key selling point. This is especially true in the logistics field. If you can’t offer top dollar, you need to find other ways to sweeten the pot.

Another way to win talent is by being flexible with job requirements. Many people are interested in working in the supply chain but don’t have the necessary experience. If you’re willing to train people and give them a chance to prove themselves, you’ll be able to tap into a whole new talent pool.

Improving Overall Talent Flows in the Organization

Improving overall talent flow to the organization can be a challenge. But a good rule is to identify the specific benefits employees are searching for and offer them.

Opportunities for development, training, and workplace advancement are now important differentiators, for example. Many people want to work for an organization that will help them grow and develop their skills, and they're more than willing to change jobs if it means they can access better opportunities.

If you can show potential recruits that you’re committed to their development, they’ll be more likely to want to work for you. This is especially true for young talent just starting in their careers.

One way to focus on development and training is by offering internship and apprenticeship programs. These programs can give people the chance to learn about the supply chain and develop their skills.

Not only will this help you attract talent, but it will also help you develop the talent you already have.

Don't hesitate to partner with colleges, universities, and trade schools to develop talent programs for students. This will help you create a viable talent pipeline and keep your organization top-of-mind when young professionals are searching for a job.

Building a Diverse Workforce

Finally, it is more important than ever to build a diverse workforce. In this context, diversity includes the diversity of experience, race, gender, age, and more.

Building a diverse workforce will help you attract talent from all different backgrounds. It will also make your organization more innovative and creative.

When talent sees that you’re committed to diversity, they’ll be more likely to want to work for you. So, don’t forget to highlight your commitment to diversity in your talent recruiting efforts.

Attract the Best Talent

These are just a few ways that procurement organizations can win the talent war. By offering remote work, competitive salaries, and development opportunities, you’ll be able to attract the best talent. So, start making these changes today to improve your organization’s talent flow.

To learn more about winning the war for talent, don't miss ProcureCon Indirect East. It will occur from September 12th to 14th, 2022, at the Omni Orlando Resort at ChampionsGate in Florida.

Download the agenda today.