28 April 2009 | Martha McKenzie-Minifie
Senior and middle-ranking purchasing managers are now more highly paid than their counterparts in marketing, sales, HR, IT and finance, according to the latest Purchasing & Supply R£wards survey.
The study - commissioned by CIPS and written by Croner Reward - showed on average pay settlements across all levels of the profession rose 3.3 per cent in a year, while basic pay was up 3.2 per cent.
More results are published in the 30 April issue of Supply Management, alongside an analysis of procurement professionals' longer working hours (News Focus, p14).
Average basic pay for purchasing directors is £85,000, up 13.3 per cent on 2008, and higher than salaries for directors in IT, finance and marketing.
The average basic pay for purchasing head of functions is £65,000, up 3.2 per cent on a year earlier. Average salary for senior procurement managers is £50,000, up 4.2 per cent. And middle procurement managers are earning on average £38,400, up 6.7 per cent.
The pay figures for procurement professionals quoted above are higher than for counterparts in IT, HR, finance, marketing and sales.
Junior purchasing managers are being paid on average £29,950, up 6.6 per cent on 2008. This is lower than the IT and sales average pay at the same professional level but more than peers in finance, HR and marketing.
The study found purchasers who were members of CIPS could expect to earn about £2,000 more than non-members.
The gap in pay between male and female purchasing professionals improved slightly. Average pay for female purchasing directors was 22 per cent lower than salaries for male purchasing directors, compared with 25 per cent lower a year earlier.
The report included survey feedback from about 1,800 CIPS member respondents and figures from the Croner Reward databank.