Supply Chain Matters has continually updated readers regarding what we have described as the Supply Chain Talent Perfect Storm, and some new survey data adds some positive and not so positive perspectives related to talent acquisition, retention, and skills development.
Supply chain management professional organization APICS recently published the “2018 Supply Chain Compensation and Career Survey Report”, a research report comprised of data inputted from a reported 2600 U.S. based supply chain professionals.
The survey reveals a healthy outlook for those employed in the various areas that umbrella supply chain management, with wage increases and high job satisfaction reported across the profession. Among the positive highlights:
- Average salary levels for supply chain professionals was pegged as $85,210 in 2017. Supply chain professionals with the highest level of tenure also receive the highest salaries. A $39,818 gap separates the average salaries of those with at least 20 years of work experience in the supply chain field and those with less than one year in the field. However, possibly due to the current demand for recent supply chain graduates, the average salary for recent graduates is slightly higher than the salary level for those with one to three years of tenure.
- Extremely noteworthy- Upwards of 90 percent of respondents indicated an average salary increase of at least 3 percent in 2017 and nearly all reported they are happy and likely to remain in the supply chain field.
- To little surprise, survey respondents who indicated holding a form of supply chain management focused certification reported a median salary that was 19 percent above peers. Among workers with the same tenure in the field, those with an APICS certification reported higher salaries than those without one.
In the category of needed attention, the survey indicated a pay gap between men and women in the supply chain field remains, and wage disparity increases with field tenure. Male respondents reported average salaries that are 15.6 percent higher than those reported by female respondents. This area continues to warrant added attention and goal-setting emphasis.
The full report is being made available on a complimentary basis to existing APICS members at this designated web site. Non-APICS members can purchase the report in the Shop APICS web site.