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5 April 2013 | Anna Reynolds
Buyer wages rose by an average of 2 per cent in 2012 and 43 per cent of purchasers anticipate a pay rise of at least 3 per cent this year, according to the latest CIPS/Croner Purchasing and Supply Rewards salary survey.
Remuneration for junior buyers has remained the same at £32,000 a year. Middle managers now average £40,450, a rise of £450 on 2011, while those at the top of the profession have seen average pay fall to £90,000, compared with £109,410 in 2011.
However, salaries for senior purchasing managers are still 12 per cent higher than counterparts in marketing, sales, HR, IT and finance. Middle managers’ earn 6 per cent more than other functions.
The survey showed that women in procurement continue to earn less than their male counterparts. The salary of female heads of the function is 16 per cent lower, and average pay for female middle managers is 5 per cent less.
The report also showed that a third of respondents experienced a pay freeze last year, 11 per cent within the private sector and 73 per cent from the public sector. The good news is that buyers who are CIPS members can expect to earn as much as £1,500 per year more than non-members.
CIPS CEO David Noble said: “Procurement and supply management professionals are helping the economy through effective purchasing. However, it is vital that businesses understand how to tap into
this talent. This survey offers the latest information to support salary benchmarking, to help the recruitment and retention of staff and to help end any inequalities.”
The twelfth salary review, carried out in conjunction with consultancy Croner Reward, was based on the responses of 4,235 procurement professionals from 950 organisations in the UK. The data was collected between October and December 2012.
☛ CIPS members can access a free summary of the findings via the CIPS website
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