Top supply chain, logistics and procurement executives are among the highest paid managers and directors across Australia and Asia Pacific, according to Bastian Consulting.
“Supply chain bottlenecks could last for another year and a half to two years. Therefore, the need for supply, distribution and procurement managers to plan, organize, direct, control and coordinate the supply, storage and distribution of goods, products and services will continue to be in high demand,” says Tony Richter, founder of Bastian Consulting.
The survey revealed that supply chain directors are earning $230-360K AUD ($168,000 to $264,000) a year, compared to logistics operations director $180-250K AUD ($132,000 to $183,000) and procurement director $240-330K AUD ($176,000 to $242,000). Furthermore, supply chain managers are taking home $130-165K AUD ($95,000 to $121,000) per year, while manufacturing managers are earning $100-130K AUD ($73,000 to $95,000).
From Bastian Consulting:
- Supply chain executives from Australia, New Zealand, Singapore, Malaysia, Hong Kong, Japan and Thailand, revealed that supply chain directors are the highest paid, compared to other management positions within the sector. However, there is a distinct lack of sector skills and experience when finding talent to fill these roles.
- Inventory management is the most sought after technical skill (58%) when finding an employee. Followed closely by knowledge of best practice (51%), project management (46%) and risk management (37%), reflecting the shift in skillsets required this year as a result of the challenge of ongoing global supply chain disruptions.
- The survey also revealed that technology is playing a huge role in supply chain, as technology expertise in artificial intelligence, Internet of Things and robotics are also among the top technical skills in demand.
- Respondents said there is a lack of both technical and soft skills when recruiting top talent, with over half of executives (54%) pointing to salary expectations as another major challenge.
- The Top 3 reasons leaders leave their roles are skills mismatch and lack of growth opportunities; looking for higher pay and better benefits; and lack of transparent leadership communications.
“Our survey found that 10% of supply chain leaders experienced salary reduction due to COVID-19. With candidate salary expectations being the biggest hurdle for over half of the executives surveyed to source talent, the industry needs to do more to invest in raising awareness of the profession as well as market the many opportunities available to young people,” says Stephanie Martinez, partner at Bastian Consulting.