Salaries in procurement and supply chain increased by 1.5 per cent in 2015, according to research.
The Hays UK Salary and Recruiting Trends 2016 report, which canvassed more than 20,000 employees and employers in the UK, found this growth was slightly lower than the national average rise of 2.3 per cent across all professions. The UK-wide average was boosted by large increases in wages in the construction and property, and IT professions, where skills were in high demand.
The average salary in procurement and supply rose to £45,630 in 2015, up from £44,938 in the previous year.
In addition, 74 per cent of employers will recruit in 2016, and two thirds of firms expect to raise wages, with almost one in five anticipating an increase of more than 2.5 per cent. More than half of employees are currently dissatisfied with their salary, the study found, with 31 per cent looking to move jobs for this reason.
Nigel Heap, managing director of Hays UK & Ireland, said: "Increasing confidence in the UK economy is seeing businesses predict a busy 2016. The impact on the employment market is a further shift in power to candidates as they look for better pay and opportunities too. This, combined with the UK’s skills shortage, is likely to create a pay ‘pressure cooker’ in 2016 which employers need to be prepared for.
“The UK’s skills shortage is a real concern and will only put further pressure on employers next year. It will be those employers who can offer competitive remuneration packages, clear career development paths and relevant training programmes that will be best placed to attract the top talent required to succeed next year. Those that don’t, risk stifling their growth plans.”
Meanwhile, a separate survey has found the gap in salary expectations between men and women is more marked in procurement than in most other professions.
Norrie Johnston Recruitment asked senior candidates what they would expect their salary to be, and in procurement the difference between genders was 18.1 per cent. Men anticipated an annual salary of £120,000, where as women only hoped for £100,000. The profession was only behind non-executive directors, finance and change management in the level of disparity.
The recruitment firm has published a guide, Secrets of my Success, in which 10 businesswomen offer advice on how to succeed.
Technology entrepreneur Sue Black suggested women aim high in salary negotiations: “For some jobs – typically experienced-hire positions – you’ll be asked about your salary expectations. Find out what a typical salary would be for the job in question, then ask for 10 per cent more. This is particularly important when you’re starting your career – the difference of a few thousand when you’re 21 can turn into £20, £30 or £40,000 difference later in your career.”