The 2017 Robert Walters Global Salary Survey has revealed that vendor management specialist salaries will rise 10% in 2017.
In light of the uncertain economic climate, businesses are becoming increasingly conscious of the importance of spending efficiently. As a result, demand is high for procurement specialists who can manage relationships with vendors to drive cost efficiencies and deliver savings.
IT procurement experience in demand
“Across all levels of seniority we have seen demand grow for high quality procurement professionals over the past year, with those with IT procurement experience being particularly highly sought after,” commented Daniel Connors, Associate Director at Robert Walters.
While confidence remains high among employers there is still a sense that delivering cost efficiency is a high priority, driving demand for procurement specialists. As employers compete over a relatively small talent pool, we have seen salaries driven up.
Specialists to see largest pay increases
Demand is high for procurement specialists who can manage relationships with vendors to drive cost efficiencies and deliver savings.
While all vendor management specialists can expect to see salaries rise in 2017, contractors will see rates rise by up to 15% compared to permanent salaries at around 4%.
“While many businesses recognise the value of having a permanent procurement function, contractors are in high demand to oversee specific projects where firms are looking to explore alternative options with regards to potential vendors,” continued Connors.
“In these cases, vendor management professionals with specialist skills and experience are in a strong position to negotiate high daily rates if they demonstrate a track record for delivering cost efficiencies with previous employers.”
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