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23 March 2012 | Angeline Albert
Junior managers’ average pay has risen year on year but senior managers’ wages have continued to fall, according to the CIPS/Croner Salary Survey 2012 published today.
The survey, which is based on 3,415 purchasing jobs at 1,000 organisations, shows the average basic income of a junior manager rose from £30,000 at the start of 2011 to £32,000 this year. The wage of assistant purchasing managers rose by 2 per cent from £25,000 to £25,500. This was marked change on 2011 figures which showed no change in the average incomes of junior purchasing managers and assistant managers.
In contrast, the average pay of senior managers fell by 2.2 per cent from £51,134 in 2011 to £50,000 this year. This follows a trend highlighted in the previous survey in which senior manager wages dropped by 2.6 per cent in 2011 on the previous year.
On average, middle managers experienced no change in their income but purchasing directors saw their pay jump up by 14 per cent to £109,410 this year from £96,000 in 2011. This continues another trend evident in the 2011 survey which found directors’ salaries had risen by 6.7 per cent in 2011 from £90,000 in 2010.
The latest salary report found buyers and purchasing managers who are CIPS members, are paid, on average, £2,000 more than non-CIPS members. And procurement staff at all levels continue to be paid more than those in IT, finance, HR, marketing and sales.
The data for the survey was collated between October and December last year and is based on the responses of 700 CIPS members and pay data from Croner Reward.
CIPS CEO David Noble said: “The news continues to be good for procurement and supply professionals as we see not only a demand for more purchasing expertise in business and in governmental purchasing but the rewards for excellence are also rising.
“The profession needs to keep changing and evolving to meet the demands of a global environment, so though this is a fantastic endorsement of our value, we can’t rest on our laurels and become complacent. We need to keep building and developing our skills, and as your institute we’ll continue to support businesses and individuals to meet their goals and aspirations.”
CIPS members can access the summary of the salary report via the CIPS website.