With Brexit on the horizon, procurement and supply chain professionals who can be flexible and adaptable will see the best salaries in 2019. The majority (93%) of employers in the field say they have experienced skills shortages over the last year, according to our latest Hays UK Salary & Recruiting Trends 2019 guide.
As a result of these shortages, salaries in the profession rose by an average of 1.8% last year, with bigger rises in supply chain roles, as a result of preparations for Brexit. Nearly three-quarters (74%) of employers increased salaries in procurement, supply chain and logistics (PSC&L) last year, with the top increases being seen in the following roles:
- Category manager
- Procurement manager
- Contract/commercial manager
- Supplier relationship manager
- Procurement analyst
In line with these pay rises, 59% of professionals say they are happy with their salary, up from 44% last year.
While there is generally greater salary satisfaction across the PSC&L industry, well over half (58%) of professionals plan to change jobs over the coming year – and just over a quarter (26%) of them say this is down to their salary and benefits package.
"44% of procurement, supply chain & logistics professionals would be tempted to change jobs for a better salary"
With so much employee movement planned for the year ahead, it is important to be aware of the ‘market rate’ for both yourself and your team – that is how much you should be earning compared to the regional and national averages for your seniority and skillsets. You can do this by using our salary checker.
As well as acting as a guide for your wider team’s salary expectations, you can also use this information to put your case forward for a pay rise and take your own career to the next level. But do you have all of the skills you need for the salary you are looking for? If not, what can you do to build on those skills?
Secure your next pay rise
Malcolm Harrison, Group CEO of CIPS, said: “I am a strong believer in the importance of having the right skills and capabilities in the profession and that people are key to enabling our profession to deliver the true value that good procurement brings across supply chains.”
Problem-solving skills continue to be in demand, particularly as PSC&L professionals are involved in a race against time to review and potentially source new suppliers ahead of Brexit.
Kevin Richardson, CEO of The Chartered Institute of Logistics and Transport, said: “Recent planning for Brexit has highlighted the crucial nature of the work that the profession undertakes and the adaptability of those working within it to meet those challenges seamlessly and with pace. The pace of change in the past decades has been phenomenal and to maintain this evolution and adapt to emerging technologies and challenges, employers need the very best minds working together to innovate and add value.”
Malcolm Harrison added: “I am passionate about the profession and believe its continued future success will be determined by the capability of our people and the strength of leadership in procurement and supply.”
PSC&L professionals who can combine problem-solving skills with the key management skills of leadership, communication and project management will be those who will see the biggest pay rises in 2019.
Find out if you’re being paid as much as you’re worth by using our online salary checker.