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4 May 2012 | Adam Leach
The support services sector in South Africa has the highest proportion of buyers earning more than R1 million (US$129,000), according to a study of remuneration.
The Southern African Supply Chain Salary Survey, published by CIPS Africa and Ernst & Young, found 13 per cent of buyers in the sector are in the top salary band.
The construction sector is second with 12 per cent, while 10 per cent of buyers in the healthcare, educational services and utilities sectors were in the top salary band.
The study also showed that over half (53 per cent) of public sector respondents earn less than R250,000 (US$32,286). Senior buyers salaries were relatively evenly split between those earning less than R250,000 and between R250,001 and R500,000 (US$64,572), with slightly more in the upper bracket.
In terms of motivation to move jobs, the survey found buyers are more driven by career progression than by earning more money. It found 58.7 per cent of respondents identified ‘promotion or career advancement’ as one of their biggest reasons for looking to move jobs, while increased remuneration was close behind, identified by 56.9 per cent.
Developing professional skills and competencies also appeared a strong motivator in relation to changing jobs, with more than a third, 36.3 per cent, saying greater exposure to training, professional development and skills development is an important reason for moving.
The survey, which canvassed 686 purchasing professionals across the southern Africa region, also found the size of bonuses awarded to procurement varied significantly among roles. It found 35 per cent of supply chain directors and 25 per cent of CPOs claimed to receive an annual bonus of more than 25 per cent of their pay.