The latest salary and career survey report conducted by ASCM points to some positive gains among supply chain management focused workplaces in compensation, recognition and job satisfaction. That stated, focus and efforts need to continue.
Supply Chain Matters has continually updated readers regarding what we have described as one of the most significant challenges among multi-industry supply chain management organizations. That challenge is the Supply Chain Talent Perfect Storm, the ongoing need for talent caused by broader organization needs, meeting today’s limited supply of qualified talent. There are many indicators and signposts to this challenge, one being salary and career focused surveys.
This week, the Association for Supply Chain Management (ASCM) and APICS released findings from the organization’s 2019 Supply Chain Salary and Career Survey Report. This year’s survey reflects what the authors cite as a brighter outlook among supply chain management professionals, and that is indeed, good news.
The survey demographics included more than 1,700 supply chain professionals from the United States with the weighting of position levels being: 47 percent Staff/Associate, 41 percent Manager, and 12 percent being Senior (Director/VP/C-Level). The age of respondents reflected a fairly standard bell curve.
Among the highlights of this latest 2019 survey:
Supply chain professionals surveyed earned between $51,000 and $140,000 in 2018, with the median salary reported as $80,000, up 3 percent from 2017. The average base salary pay increase of all surveyed was 4.2 percent, up from a reported 3 percent survey finding in 2017. Nearly all of the respondents (91 percent) received a compensation increase while 9 percent indicated no change. This data related to compensation is good news for the profession, and by our lens, an indication that corporations are recognizing the increased business value of the function.
The survey authors indicted that although there is still exists a gender gap among men’s and women’s salaries, it appears to be narrowing, especially for supply chain professionals under the age of 40. We believe that is additional good news, reflecting that the new wave of talent is being recognized for gender equity. However, the authors did indicate that there is still a disparity between position levels of women and men, with the former making some small gains at the manager and director levels compared to last year’s results.
Relative to overall job satisfaction, on a zero to 10 scale, the latter being the highest ranking, 80 percent of respondents provided a ranking of 8 or above. A considerable majority of respondents (82 percent), also indicated they are likely to stay in the supply chain management field.
The full ASCM report is being made available on a complimentary basis to existing members at this designated web site. Non-ASCM members can purchase the report.