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Top 10 procurement pay increases in 2021

By Scott Dance, Director of Hays Procurement & Supply Chain

The Covid-19 pandemic threw a spotlight on the strategic importance that a strong procurement function brings to an organisation. Findings from the Hays Salary & Recruiting Trends 2022 guide indicate an exceptionally busy year is expected within the procurement profession – 99% of employers predict their organisation’s activity levels will either increase or stay the same as 2021 in the months ahead.

As a result, 69% of employers say they are planning to hire new staff in the year ahead, with a stronger focus on securing temporary staff.

Employers struggling with skills shortages

But it won’t necessarily be easy to recruit much-needed procurement talent. 79% of employers say they have experienced skills shortages in the last year, with negative effects being felt on productivity, the ability to deliver projects and employee morale.

It’s not just technical skillsets that employers are looking for, soft skills such as communication, the ability to adopt change and problem-solving are highly valued by hiring managers.

Salaries rising for procurement professionals

One of the impacts of such prevalent skills shortages has been on pay. Overall, procurement salaries rose by an average of 2.1%, and half of procurement employers expect salaries to increase again in the year ahead. Pressures of the pandemic and Brexit, among others, have driven up demand for both skilled leaders to navigate rapid change and also entry level professionals who can be trained up in the required skills.

Top ten salary increases in procurement

  1. Procurement Assistant
  2. Contracts Officer
  3. Procurement Manager
  4. Buyer
  5. Procurement Analyst
  6. Category Lead
  7. Assistant Buyer  
  8. Procurement Officer/Category Specialist
  9. Director of Procurement
  10. Supplier Relationship Manager

Progression and flexibility could tip the balance

Although pay will always be a key motivator for procurement professionals to change job, there are other aspects that can be the deciding factor for jobseekers. Our research shows that a lack of future opportunities is a main reason for employees to want to leave their current job so shouting about career progression prospects when hiring can help employers to attract talent.

As the pandemic brought flexible working to the fore, being able to work in a hybrid or remote manner has become an even more important factor for procurement professionals looking for a new job. Just over half of employees planning a career change in the year ahead say they want to find a role that is more of a mix of hybrid working.

Procurement professionals who are planning to change jobs should think carefully about what really matters to them in their career on top of the salary. This could be a positive work-life balance, the flexibility to work remotely or training opportunities which may be a better choice in the long run compared to a jump in salary.  

Find out how salaries and employment trends are changing in the procurement profession by requesting access to the Hays Salary & Recruiting Trends 2022.

About this author

Scott joined Hays in 2002 as a Trainee Consultant, and is now Director of Hays Procurement & Supply Chain. With over 15 years’ experience, Scott advises clients on workforce management solutions, works with the industry institute CIPS as a trusted knowledge partner, and provides strategic leadership to Hays’ procurement and supply chain recruitment experts.

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