A new global salary survey by a prominent specialist recruitment consultancy has forecast an 11% rise in pay for mid-level supply chain jobs in 2017, compared to 4% on average across all levels of seniority.
Amid continuing economic uncertainty, employers are seeking to achieve cost efficiencies by investing in the enhancement of their supply chain. However, the hunt for the highest-calibre professionals in the sector is also leading them to offer especially generous salaries.
Demand for technical and strategy implementation skills
As Neil Morgan, whose consultancy undertook the survey, observed:
“While employers are confident of continued growth in 2017, they also recognise that a shifting political and economic climate will require them to invest in supply chain functions in order to maintain efficient and cost-effective processes.
As such, demand for mid-level supply chain professionals is high, with employers looking for candidates who can demonstrate a combination of strong technical skills and the ability to develop and implement effective strategies.”
Across all manner of roles, it is predicted that contract professionals will see their salaries rise faster than those employed on a permanent basis, as short-term workers become increasingly sought-after for the completion of specific supply chain projects.
At lower levels, contract buyers can expect an 8% rise in their pay, according to the research, while an 11% salary increase has been forecast for more senior contract supply chain managers.
“Widespread overhauls” of supply chain strategies required
“In light of significant economic and political changes, employers recognise that widespread overhauls of their supply chain strategies will be necessary. These projects will require short-term staff to provide both strategic insight and core technical support.
With these projects expected to be undertaken by firms across a range of industries, supply chain professionals looking to take on contract professionals can expect to see high demand for their skills.
With supply chain industry salaries predicted to rise beyond UK averages in 2017 and employers recognising supply chain planning skills and experience are in limited supply in the UK, it doesn’t seem unreasonable to predict businesses will be keen to find and hold onto the best talent they can access this year, creating a really dynamic industry landscape.