The Point
Buyers Meeting Point attends many sales AND procurement webinars/webcasts. One of the interesting things about consistently reading content from quality sources is that you start to notice trends. It is amazing how often the same topics arise at the same time in different places. We use this blog as a way to help you stay on top of the major themes in procurement and supply chain management.
Webinar Notes: Looking for Talented Leaders to Take Sourcing & Procurement to the Next Level
As I mentioned in this week’s PI Window Blog Talk Radio update, I don’t usually feature previous events, but last week’s Gartner event deserves to be an exception. “Looking for Talented Leaders to Take Sourcing & Procurement to the Next Level!” was an informative half hour event that is pertinent to all career supply management professionals. The event and slides are both available on demand on Gartner’s site.
Blog Pick of the Week: Talent Management and the Year end bonus
Many organizations offer bonuses at the end of the calendar year or shortly after their fiscal year end occurs. This is often based on specific growth metrics and savings targets for procurement organizations. I liked this blog as it makes you think about the motivation for high performers and how to retain your staff.
Companies seem to be shifting away from year end bonuses. A few years ago, 73% of companies gave bonuses and now it is down to 57%. Obviously, the economic situation has something to do with that. Many companies that do have minimal amount , more of a token. Where it matters is when it really is based on performance and becomes part of the total compensation package.
What does your company do?
Blog Pick of the Week: How to Retain your Top Talent
Are you tired of trying to hire, maintain and retain talented individuals? How do organizations with low turnover rates do it? I decided to look around and see what some companies are doing.
One organization allows their staff to take a sababatical. This program can be a one-time opportunity and may either be paid or unpaid. With so many professionals working a lot of overtime, this may be a wonderful incentive towards retaining your talent.