The Talent Management Category

As Industrial Supply Chains Undergo Digital Transformation, Talent Gaps Persist

The digital transformation of supply chains is well underway, but finding the right talent to drive this transformation remains a challenge for many industrial companies. According to a survey of senior executives from the industrial manufacturing sector conducted by Korn Ferry, talent is viewed as the “secret to sustainable success” when it comes to digital transformation, regardless of whether a company is in the beginning stages of digitization or well along in the process.

Workforce Trends, Millennials and Your Burning Questions: 2017’s Best Practitioner-Centric Articles

Psst, Reader, want to eavesdrop for a moment on a typical Spend Matters editorial meeting? We spend a lot of time talking about you, the procurement practitioner. “What do they truly want to read?” we ask each other. “How do they want to read it? What topics interest them? Do they like their articles long or short, with or without graphics? Are we writing too much about blockchain?” And so on and so forth. Ultimately, we figured that speculation wouldn’t be as fruitful as, say, just asking readers directly, and so this past summer Ask Spend Matters was born.

Trust No One: Is Independence a Solution to the X-Files?

Like the X-Files, the reality of a work environment can often defy explanation. Today’s procurement leaders talk about waging a “war” for talent. If the positions are out there and the inducements are so great, why are some of the best people opting out of corporate roles and into independent careers? I have cycled through both types of roles. For me, my choice to be independent comes down to one factor that happens over and over in corporate environments: people not keeping their word. Why is it so hard for leaders to say what they mean, then do what they say? With Fox Mulder-level skepticism, I don’t trust anyone when they tell me what I can expect in a job.

The truth is out there. But here are three areas where leaders frequently don’t walk the talk.

The Amazon Effect: Competition for Procurement Talent

No one and no thing is now safe from what is known as the “Amazon effect.” As Bezos’s behemoth continues to expand in multiple locations, including the addition of the impending HQ2, it is disrupting hiring and retention efforts in all business functions. Top procurement talent is especially susceptible, as it’s hard not to be seduced by arguably the No. 1 supply chain company in the world, with a Gartner Supply Chain Masters honor to boot. This should rightfully strike fear in leaders of procurement organizations.

Innovative Talent Sourcing Firm Genesys Talent Adds AI to the Mix with PREDICTe

Genesys Talent LLC (Genesys), an innovative talent sourcing and talent cloud curation firm headquartered in Houston, recently announced the release of PREDICTe, an AI-based set of capabilities for building and creating talent clouds.

Just over a year ago, we reported that Genesys had raised $2.1 million in a seed round that would be used to expand the Genesys team, invest in additional technology and enhance its existing talent sourcing and curation process. Since that time, the company has formed a data science team and have been developing PREDICTe. The solution has been in pilots with a number of businesses, and according to Genesys, the results have been very positive.

We recently had a chance to talk with the Genesys team to get further insight into PREDICTe and how it fits into the Genesys talent sourcing and curation model.

Wanted in HRM and SCM: Modern Hiring Personas

interview

Following an interesting conversation I had with a notable human resources guru this past weekend, I reread a recent post of mine entitled “Millennials Will Transform Procurement — Not by War but Attrition.” I did so to check myself, as she took issue with some of what I considered to be the article’s safest assumptions. Amidst all of the optimism surrounding the impact of millennials on procurement, my friend questioned how seriously we should take such projections if significant improvements aren’t made to the way we recruit and develop talent.

Does the Supply Chain Hiring Process Need Revamping? ISM’s M.L. Peck Discusses Talent Gaps and the “30 Under 30” Competition

interview

The nomination period has opened again for the “30 Under 30 Rising Supply Chain Stars” program, which recognizes some of the most talented young supply chain professionals. (A public service announcement: If you’re interested in nominating someone, you have until Dec. 3!) Organized by the Institute for Supply Management (ISM) and Thomasnet.com, “30 Under 30” is now in its fourth year and just as ambitious as ever in its aim to attract young people to the supply chain field and tackle that notorious talent gap.

‘Come Over to the Dark Side, We Have Cookies’: On Blending Corporate and Freelance Work

After I wrote passionately about making the change from corporate employee to free agent, a friend asked how I could write that when I had just taken a corporate job. I was going back over to the “Dark Side.” Or was it the going back to the “Light Side”? It hadn’t occurred to me that my perspectives and actions might seem contradictory. Let me correct that. It occurred to me, but I didn’t care. And neither should you.

8 Steps to Designing a Strategic Meetings Management Program

Spend Matters welcomes this guest post from Lalit Sharma, consultant at GEP.
br> With the advent of modern communications technologies, the world has indeed become a smaller place. This has not only helped individuals connect with those who matter in their lives, but has also empowered organizations by providing virtual platforms that allow employees and experts engage in discussions without having to physically be in the same room.

Millennials Will Transform Procurement — Not By War, But Attrition

Although barely dry, all that ink covering 2017’s “procurement trends and predictions” will soon give way to a conspicuous rehash of the same stuff for next year. You can set your watch on it. Apparently, some things never get old (e.g., risk, collaboration, transparency, finance and globalization). So with four months left to go, I figured I’d put my safest, long-term prediction on the table. Driven by the certainty of death, it’s an absolute lock.

5 Things Employers of Choice Understand About Hiring Top Procurement Talent

talent

As a hiring authority in the procurement function, what can you do to improve your odds of bringing in the talent that you need? The 2017 Hiring Sentiment Study conducted by MRINetwork reveals that the inability to find quality talent is driven by lengthy hiring practices, lower-than-expected compensation and an employer sentiment that candidates should feel honored to be considered for their job opportunities. Based on the study’s findings, procurement employers of choice understand these five hiring insights better than their competitors.

A Sneak Peek at UT-Knoxville’s Inaugural Supply Chain Summer Program for Female High Schoolers

Michigan State University

What would a supply chain summer program for female high school students look like? The summer of 2017 may not even be halfway over, but a group of administrators and professors at the University of Tennessee — Knoxville are already working out the details of a weeklong supply chain summit to be held on campus in July 2018, aimed at female students from the state of Tennessee who will be rising high school juniors.