Two thirds of buyers ‘expect a pay rise this year’

Will Green is news editor of Supply Management
8 January 2014

Almost two thirds of procurement professionals expect to get a pay rise this year, according to a survey.

The Michael Page 2014 Procurement & Supply Chain Salary Survey also showed 56 per cent think bonuses will be paid, but less than a third expected headcounts to increase this year.

Supply chain professionals are more optimistic, with 72 per cent predicting a salary increase, 63 per cent expecting a bonus, and 44 per cent predicting an increase in headcount.

The survey uncovered a “retention issue across most organisations in all industries”; with 69 per cent of buyers believing their organisation does not do enough to retain talent, compared with last year’s figure of 60 per cent and a cross-industry average of 62 per cent.

The report said: “For procurement and supply chain employers looking to turn this around, areas to focus on improving are improving opportunities for career progression, salaries paid below the market average and a negative work environment.”

The survey also showed purchasing professionals in the automotive and banking sectors were among the most positive about future jobs growth, while those in the public sector were the least optimistic.

Meanwhile, a separate survey of salaries in East Anglia showed a lack of candidates with the right procurement skills was pushing up pay for buyers.

The 2014 Cooper Lomaz Recruitment Salary Survey found a “shortage of entry-level, graduate and sector-qualified individuals embracing supply chain disciplines as a career choice” that in turn “means salaries for high-calibre candidates are pushed ever higher”.

 

Current average procurement salaries

Greater London

Procurement director £75,000–£130,000

Senior buyer £30,000–£55,000

 

Yorkshire and North East

Procurement director £60,000–£100,000

Senior buyer £26,000–£40,000

 

Lancashire and North West

Procurement director £60,000–£100,000

Senior buyer £26,000–£40,000

 

Midlands

Procurement director £60,000–£120,000

Senior buyer £30,000–£50,000

 

Home counties and Thames Valley

Procurement director £70,000–£130,000

Senior buyer £30,000–£55,000

 

South Coast

Procurement director £65,000–£120,000

Senior buyer £35,000–£45,000

 

South West

Procurement director £60,000–£100,000

Senior buyer £26,000–£40,000

 

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