What is your worth as a Supply Chain Professional?

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By Bridget McCrea, Editor ·
December 4, 2019

The national unemployment rate is at a 50 year low, senior-level recruits are particularly elusive and supply chain has become a corporate imperative for companies across nearly all industries. This “perfect storm” is driving continued pay increases for professionals who can analyze, coordinate and orchestrate their organizations’ supply chains.

Currently at 3.5%, the national unemployment rate hardly applies to the company that’s looking for logistics talent in the management, senior-level and C-suite categories. “If someone has a four-year college degree or more, from what I’m seeing the real unemployment rate is more like 2%,” Ajilon’s Tisha Danehl told Logistics Management, our sister publication, last June, noting that job experience can also drive those percentages down. “If your criteria for a new hire is three-plus years of experience, then you’re definitely getting into the 2% realm versus 3.5%.”

Put simply: Supply chain professionals at the senior management level are in big demand right now. Their salaries continue to go up year-over-year without fail, which makes finding new ones very difficult in this labor market. This year’s SCMR salary survey supports all of these points and uncovers the current salaries and overall compensation for supply chain professionals; their current job/overall career satisfaction; and their education levels and participation in career-related education.

Peerless Media Group conducted this year’s Compensation and Executive Education Study in May of 2019. An e-mail invitation was sent to subscribers of SCMR asking for their participation. Based on 199 qualified respondents, the results include a margin of error of +/- 7.1% (i.e., if the entire population responded, results may vary by that amount)

By Bridget McCrea, Editor ·

December 4, 2019

The national unemployment rate is at a 50 year low, senior-level recruits are particularly elusive and supply chain has become a corporate imperative for companies across nearly all industries. This “perfect storm” is driving continued pay increases for professionals who can analyze, coordinate and orchestrate their organizations’ supply chains.

Currently at 3.5%, the national unemployment rate hardly applies to the company that’s looking for logistics talent in the management, senior-level and C-suite categories. “If someone has a four-year college degree or more, from what I’m seeing the real unemployment rate is more like 2%,” Ajilon’s Tisha Danehl told Logistics Management, our sister publication, last June, noting that job experience can also drive those percentages down. “If your criteria for a new hire is three-plus years of experience, then you’re definitely getting into the 2% realm versus 3.5%.”

Put simply: Supply chain professionals at the senior management level are in big demand right now. Their salaries continue to go up year-over-year without fail, which makes finding new ones very difficult in this labor market. This year’s SCMR salary survey supports all of these points and uncovers the current salaries and overall compensation for supply chain professionals; their current job/overall career satisfaction; and their education levels and participation in career-related education.

Peerless Media Group conducted this year’s Compensation and Executive Education Study in May of 2019. An e-mail invitation was sent to subscribers of SCMR asking for their participation. Based on 199 qualified respondents, the results include a margin of error of +/- 7.1% (i.e., if the entire population responded, results may vary by that amount).

 

 



About the Author

Bridget McCrea, Editor

Bridget McCrea is a Contributing Editor for Logistics Management based in Clearwater, Fla. She has covered the transportation and supply chain space since 1996 and has covered all aspects of the industry for Logistics Management and Supply Chain Management Review. She can be reached at [email protected], or on Twitter @BridgetMcCrea

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Link to Original Source
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2019-12-04 05:52:00

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