{"id":5037,"date":"2024-10-22T16:28:44","date_gmt":"2024-10-22T13:28:44","guid":{"rendered":"https:\/\/sahfy.net\/news\/?p=5037"},"modified":"2024-10-22T16:28:44","modified_gmt":"2024-10-22T13:28:44","slug":"cips-2024-salary-guide-highlights-procurement-professionals-in-mena-face-recruitment-challenges-and-high-job-mobility","status":"publish","type":"post","link":"https:\/\/sahfy.net\/news\/?p=5037&lang=en","title":{"rendered":"CIPS 2024 Salary Guide Highlights: Procurement professionals in MENA face recruitment challenges and high job mobility"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The<\/span><b> Chartered Institute of Procurement &amp; Supply (CIPS),<\/b><span style=\"font-weight: 400\"> in partnership with Hays, has unveiled its latest <\/span><b>2024 Salary Guide and Survey<\/b><span style=\"font-weight: 400\">, spotlighting key trends and challenges in the procurement and supply chain profession across the Middle East and North Africa (MENA) region. The findings provide a comprehensive overview of salary trends, employment dynamics, and benefit preferences among procurement professionals in the region.<\/span><\/p>\n<p><b>With over 60% of MENA professionals considering a job change in the next 12 months, <\/b><span style=\"font-weight: 400\">companies in the region need to urgently rethink their retention strategies. According to the report, professionals in the region are not only looking for competitive salaries but also opportunities for career growth, technical upskilling, and a clear alignment with corporate goals. Employers who fail to offer these elements risk losing top talent to competitors, both regionally and globally.<\/span><\/p>\n<p><b>Sam Achampong, Regional Director of CIPS for Asia, Australasia, Middle East, and Africa (AMEA), <\/b><span style=\"font-weight: 400\">commented on the findings:<\/span> <span style=\"font-weight: 400\">&#8220;The procurement landscape in MENA is evolving rapidly, and companies must ensure they are at the forefront of this transformation by offering competitive packages that go beyond pay. Investing in people through career development, inclusive hiring practices and meaningful benefits, will be key to sustaining growth in the sector.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Significantly, employers across MENA are facing significant recruitment difficulties, with<\/span><b> 66% reporting struggles in finding qualified procurement professionals. <\/b><span style=\"font-weight: 400\">A key issue identified is the lack of technical skills among candidates, underlining the growing importance of formal procurement qualifications such as MCIPS. As the demand for specialised knowledge grows, employers will need to prioritise training and development programmes to close the skills gap.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As the MENA region faces continued economic pressures, the latest data also reveals that procurement professionals are navigating a period of stagnant pay and high job mobility. Despite a global increase in procurement salaries, over half of the professionals in MENA have not seen a pay increase in the last year.<\/span><\/p>\n<p><b>Key Findings:<\/b><\/p>\n<ul>\n<li><b>Job Mobility and Recruitment Challenges<\/b><\/li>\n<\/ul>\n<ul>\n<li><b>The MENA region has the highest proportion of procurement professionals actively seeking to change jobs, <\/b><span style=\"font-weight: 400\">reflecting dissatisfaction with current roles, pay stagnation, and limited career progression.<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"font-weight: 400\">At the same time, <\/span><b>66% of employers in the MENA region are struggling to recruit talent. <\/b><span style=\"font-weight: 400\">The report points to a fierce &#8220;war for talent,&#8221; as companies across the region face challenges in attracting and retaining the skilled professionals necessary to navigate complex supply chains.<\/span><\/li>\n<\/ul>\n<ul>\n<li><b>Salary Stagnation and Modest Increases<\/b><\/li>\n<\/ul>\n<ul>\n<li><span style=\"font-weight: 400\">In the past 12 months, <\/span><b>51.5% <\/b><span style=\"font-weight: 400\">of procurement professionals in MENA <\/span><b>reported no increase in their salaries.<\/b><\/li>\n<\/ul>\n<ul>\n<li><span style=\"font-weight: 400\">Conversely, <\/span><b>39.4% of professionals did receive a pay rise, <\/b><span style=\"font-weight: 400\">although the figures still reflect a lower-than-expected percentage considering the rising inflation and regional economic activity.<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"font-weight: 400\">The<\/span><b> average salary in the MENA region stands at $72,561, <\/b><span style=\"font-weight: 400\">higher than in some other global regions, but overall pay stagnation is a critical issue.<\/span><\/li>\n<\/ul>\n<ul>\n<li><b>Bonus Structures in MENA<\/b><\/li>\n<\/ul>\n<ul>\n<li><b>The average bonus <\/b><span style=\"font-weight: 400\">for professionals working in procurement and purchasing manager roles in MENA<\/span><b> is approximately 15%, <\/b><span style=\"font-weight: 400\">one of the highest globally.<\/span><\/li>\n<\/ul>\n<ul>\n<li><b>Bonuses in the region are largely determined by the company\u2019s success, with 45.5% of bonuses tied to company targets, <\/b><span style=\"font-weight: 400\">33.3% tied to personal performance, and 18.2% based on team targets. This emphasises the importance of organisational achievements in influencing compensation packages.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Achampong adds: &#8220;Procurement professionals in MENA are at a crossroads. While there are immense opportunities in the region due to its strategic importance in global supply chains, we are seeing dissatisfaction with pay progression and job satisfaction. Our data highlights the need for employers to rethink how they engage with talent, focusing not only on salary but also on creating robust career development opportunities.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400\">In terms of benefits, MENA procurement professionals express a different set of priorities compared to their global counterparts. Globally, working from home remains the most popular benefit. However, in MENA, this is less of a priority. Instead, <\/span><b>career development <\/b><span style=\"font-weight: 400\">opportunities and <\/span><b>private medical insurance<\/b><span style=\"font-weight: 400\"> top the list of<\/span><b> most desired benefits in the region<\/b><span style=\"font-weight: 400\">. These preferences highlight a significant cultural and economic distinction, where career progression and personal health coverage take precedence over flexibility in work arrangements.<\/span><\/p>\n<p><span style=\"font-weight: 400\">With pay stagnation, high job mobility, and increasing challenges in talent recruitment, companies must act swiftly to address these issues. Enhancing benefits beyond the standard offerings and focusing on career development are critical steps towards attracting and retaining the best talent.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Chartered Institute of Procurement &amp; Supply (CIPS), in partnership with Hays, has unveiled its latest 2024 Salary Guide and Survey, spotlighting key trends and challenges in the procurement and supply chain profession across the Middle East and North Africa (MENA) region. The findings provide a comprehensive overview of salary trends, employment dynamics, and benefit [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":5040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[91,39,130,87,15,103,3716],"tags":[6663,6669,6667,6659,6661,6671,6665,6657,365],"class_list":{"0":"post-5037","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-arab-countries-en","8":"category-business-economy-en","9":"category-featured-en","10":"category-gcc-en","11":"category-press-releases","12":"category-reports-research","13":"category-uae","14":"tag-2024-salary-guide","16":"tag-employment-dynamics","17":"tag-hays","18":"tag-mena","19":"tag-recruitment-challenges","20":"tag-sam-achampong","21":"tag-the-chartered-institute-of-procurement-supply-cips","22":"tag-uae"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CIPS 2024 Salary Guide Highlights: Procurement professionals in MENA face recruitment challenges and high job mobility - sahfy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sahfy.net\/news\/?p=5037&lang=en\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIPS 2024 Salary Guide Highlights: Procurement professionals in MENA face recruitment challenges and high job mobility - sahfy\" \/>\n<meta property=\"og:description\" content=\"The Chartered Institute of Procurement &amp; Supply (CIPS), in partnership with Hays, has unveiled its latest 2024 Salary Guide and Survey, spotlighting key trends and challenges in the procurement and supply chain profession across the Middle East and North Africa (MENA) region. 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