Salaries still rising at three times the rate of inflation

1 November 2001
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01 November 2001 | David Arminas

Purchasers continue to enjoy annual salary increases of more than three times the rate of inflation, far ahead of most professions, according to the latest salary survey carried out by Purcon Consultants.

The survey of 2,100 purchasers found that average pay stands at £34,756 and average percentage rises for all procurement professionals were 8 per cent in the year to September.

This was slightly down from 8.4 per cent in September 2000, which could signal a downward trend brought on by the attacks on the US, said Jerry Smith, director of Purcon Consultants.

"It's difficult to know just how pay will be affected as all the data refers to events before September," said Smith. "However, 8 per cent is so far ahead of the rest of the economy that it is hard to believe it would not be affected. But purchasing has traditionally done well in times of recession."

By job description, the highest increase was for chief buyer/contracts manager at 10.7 percent over last September, reaching an average of £41,144. Buyers/contracts negotiators were next with 9.7 per cent, reaching £23,975.

Purchasing managers had the lowest annual increase, reaching only 4.4 per cent, for an average salary of £54,633.

The survey found the "London effect" is less of a factor now. There has been a turnaround in average salary increases for some regions, even though London continued its slowdown, to 5.2 per cent from 12.3 per cent in September 2000. Scotland and Northern Ireland also continued a downward trend to 3.5 per cent from 7 per cent, while north-west England and Wales hit 4.9 per cent from 8 per cent.

But average salary increases continued to rise in several areas. In East Anglia, the rate nearly doubled, from 7.9 per cent in September 2000 to 15.4 per cent for this September.

SMnov2001

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