The Association for Supply Chain Management has released its 2019 Supply Chain Salary and Career Survey Report, showcasing a bright outlook for professionals as they reported high job satisfaction, rising salaries and benefits contributing to a healthy work and life balance.
In a Gallup World Poll, 85 percent of workers reported that they are displeased with their jobs. Though, when supply chain professionals were asked to rank how satisfied they were working in the industry on a 0-10 scale, 80 percent of respondents provided a rating of 8 or above. In addition, 82 percent of respondents said they were likely to stay working in the field for the next five years.
However, there was still a gap between men's and women's salaries, though it appears to be narrowing, especially for those under 40, challenging other industries to be more inclusive.
“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,” says ASCM CEO Abe Eshkenazi, CSCP, CPA, CAE. “ASCM is proud to support these individuals as they develop in the profession, make meaningful contributions to their organizations, and achieve continued career fulfillment and success.”
The report also found that surveyed supply chain professionals saw a salary increase of 4.2 percent in 2018, up from the reported 3 percent in 2017. Nearly all respondents said they received a raise as well. Meanwhile, at 80 percent of respondents have three weeks or more of vacation and receive holiday pay. More than half are offered flexible schedules as well so they can work from home if needed.
According to the report, supply chain professionals who hold one certification reported a median salary that was 18 percent higher than those who are not certified. Each additional certification correlates with an additional rise in salary. Those who hold an APICS Certified in Production and Inventory management (CPIM); Certified Supply Chain Professional (CSCP) or Certified in Logistics, Transportation and Distribution (CLTD) designation reported a median salary that is 25 percent higher those without a certification.