A report released in May by the the Association for Supply Chain Management (ASCM) and APICs says that 80 percent of supply chain professionals rated their overall satisfaction working in the field as an 8 or above on a scale of 10.
The 2019 Supply Chain Salary and Career Survey says supply chain professionals reported high job satisfaction, rising salaries, and benefits contributing to a healthy work and life balance, all of which contributed to strong job stability. In addition, 82 percent said they are likely to stay working in the supply chain field for the next five years.
According to the survey, supply chain professionals received an average base salary increase of 4.2 percent in 2018, up from the reported 3 percent raise in 2017. About 91 percent of the respondents received a salary increase. Although there was still a gap between men’s and women’s salaries, it appears to be narrowing, especially for supply chain professionals under 40 where the difference between salaries is less than $1,000.
The study also indicates that supply chain professionals who hold one certification reported a median salary that was 18% higher than those who are not certified. Furthermore, each additional certification earned correlates with an additional rise in salary. Supply chain professionals who hold an APICS Certified in Production and Inventory Management, Certified Supply Chain Professional or Certified in Logistics Transporation and Distribution designation reported a median salary that is 25% higher than those without a certification.
“The supply chain industry offers people of all profiles and backgrounds a fast-track to career advancement, professional and personal satisfaction, and high levels of compensation,” said ASCM CEO Abe Eshkenazi. In conjunction with the report, ASCM created an interactive tool that allows members to see how changes in job title, tenure, education, certification and more can affect salary and compensation.
(Click to Expand)
There are no comments
Please login to post comments