SIG Resource Center

Proactive Talent & Knowledge Management

Accelerating workforce trends are driving rapid change across the economy and impacting procurement organizations. Unemployment has dropped to its lowest rate in 16 years as baby boomers continue to retire in droves. Add slowing productivity growth, evolving work habits, and new expectations among millennial workers, and procurement executives face significant challenges.Fortunately, opportunities  also exist on the short horizon. Because more people are now open to working as contractors and consultants in the growing “flex/gig” economy, today’s procurement organizations have more talent options to deliver value and meet stakeholder demands.  Progressive procurement organizations are responding to trends by developing forward-looking approaches to hiring and retaining top talent, while also building formal knowledge management programs.

Talent Management