According to the 2017 Deloitte Global CPO Survey, 85% of those surveyed felt that talent was the largest factor in driving procurement performance yet 60% think they have a skills gap to deliver on their procurement objectives. My clients are experiencing this same phenomenon, no matter the role within manufacturing and supply chain. What are you doing to find, retain and develop your talent?
What Should We Consider and/or What Impacts Could Arise?
We are in a volatile business environment – global trade is evolving, risks abound, regulations are changing, supply chains are complex and significant change has become the norm. Instead of complaining or burying our head in the sand, we must find a way to get ahead of the curve. This starts with TALENT.
I am constantly asked to help clients, trade association contacts and alliance colleagues find, retain and train talent. No matter the technical topic, it will not succeed without talent. Thus, we better pay attention. Due to this continual feedback, I have dusted off my Skills Gap research from late 2013 and am refreshing it. I’d appreciate your feedback and insights for my research. I’ll keep you in the loop on the results.
In the interim, start thinking about the skills gap. What will you need a year down-the-line? Are you positioned to not only succeed short-term but to leverage opportunities as they arise over the next 12-24 months? If not, you have a skills gap. Put off spending cash in other areas but do not skimp on your talent.
Think about your objectives and back into your plan. Should you hire employees or fill expertise gaps with consultants? Will top talent WANT to work with you and in your company culture? Don’t assume the answer is yes — think about it and find out. What should you do to attract and retain top talent? That might also lead you to the third option which you should pursue regardless — developing talent. What training, education and mentoring programs do you offer?