Job hopping, perhaps arbitrarily defined as consistently spending less than 12-18 months in a position, has been on the rise, and the trend is showing no signs of slowing. The job market has shifted, and more people are open to the idea of job-hopping as an easy way to gain salary increases, with millennials feeling most favorable about the move.

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You have heard the phrase “company culture” many times. It has been of great interest to business leaders, employees, and even investors over the past few years. Initially, company culture was based on perks — things like ping pong tables, free snacks, and company-paid happy hours.

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There is a growing talent shortage in procurement, and it is something that management teams across the globe are constantly thinking about. Inevitably, they are asking themselves, how will we meet these challenges in the future? And, more importantly, what can we do right now to set our companies up to be as successful as possible?

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