24 November 2008
Canadian buyers believe skills and experience are more valuable than education to get ahead in their career - although salaries for those with professional qualifications still far outstrip
According to the latest salary survey carried out by the Purchasing Management Association of Canada (PMAC), 76 per cent of buyers believe experience is more important than education for career progression. However, the average salary (including benefits and incentives) for those with a purchasing qualification was CAN$20,548 (£11,318) more than those who do not have one.
"Our interpretation is that employers recognise the value and are willing to pay a premium to secure their expertise," said Robert Dye, president of PMAC.
Ten per cent of 2,500 buyers questioned were at the C-level [job titles begin with 'chief'] in their firm, while a further 31 per cent said they had "influence" at that level.
Pay in the country continues to rise but at a slower rate than seen in the UK. Overall salaries were up 5.5 per cent compared to last year, with average pay reaching CAN$76,430 (£41,905) compared to CAN$71,200 (£39,018) in 2007.
The gap between male and female salaries narrowed slightly, compared with the worsening experienced 12 months ago, but remains large. Female buyers can expect to earn an average of CAN$67,814 (£37,166) compared to a male salary of CAN$81,962 (£44,920). The pay gap is now CAN$14,148 (£7,756) compared to CAN$15,100 (£8,278) in 2007.