The Great Supply Chain Exodus: 6 Ways to Keep Your Top Talent



The supply chain industry is facing a crisis. Not a crisis of goods but a crisis of people. Skilled supply chain management (SCM) professionals are in high demand, and companies are struggling to hold onto their top talent. A recent study by Deloitte found that over 60% of supply chain leaders are concerned about the increasing difficulty of attracting and retaining qualified employees. This “Great Supply Chain Exodus” is driven by several factors, including a booming e-commerce sector, rapid technological advancements, and a generation of workers prioritizing purpose and work-life balance.

Losing key SCM employees can have devastating consequences, leading to disrupted operations, increased costs, and dissatisfied customers. But there’s good news: by adopting proactive retention strategies and leveraging the power of technology like Oracle Cloud HCM, you can build a workplace that attracts and keeps top SCM talent.

  1. Go Beyond the Paycheck: Competitive Compensation and Benefits

While salary is important, it’s not the only factor driving employee decisions. To attract and retain top SCM professionals, you must offer a comprehensive compensation package reflecting their value.

  • Stay Ahead of the Curve: Conduct regular salary benchmarking to ensure your pay is competitive with industry standards. Oracle Cloud HCM’s compensation management tools can help you analyze market data and adjust your pay structures accordingly.
  • Benefits That Matter: Offer a robust benefits package that includes healthcare, retirement plans, paid time off, and perks like flexible spending accounts and employee assistance programs.
  • Reward Performance: Implement performance-based incentives, such as bonuses, profit-sharing, and stock options, to recognize and reward top performers. Oracle Cloud HCM allows you to track employee performance and automate incentive payouts.

  1. Fuel Their Future: Invest in Career Development

In today’s rapidly evolving supply chain landscape, standing still is falling behind. A recent survey by APICS found that 74% of supply chain professionals consider professional development opportunities to be “very important” when choosing an employer. To keep your top talent engaged and thriving, invest in their future.

  • Targeted Training: Offer programs that address your team’s specific skills gaps, such as APICS and SCPro certifications, training on emerging technologies like AI and blockchain, or workshops on leadership and communication.
  • Mentorship Matters: Pair experienced professionals with junior staff to foster knowledge transfer and create a supportive learning environment. Oracle Cloud HCM’s talent management module can help you identify potential mentors and track the progress of mentorship programs.
  • Personalized Learning Journeys: Use Oracle Cloud HCM to create individualized development plans for each employee, providing them with access to online courses, industry conferences, and other resources that align with their career goals. Read more. . .

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