Pay packets for UK procurement and supply chain sector roles rose by 5.2% on average in 2019, compared to the national average of 3.4%, according to research.
Analysis conducted by recruiter Reed found there had been a downturn in the number of roles advertised due to political and economic uncertainty, but average salaries across the sector increased to £46,600 in 2019, up from £44,300 the previous year.
Despite apprehension on what Brexit would mean for firms, procurement salaries have remained level since 2017, said Sarah Hewitson, area manager at Reed Procurement & Supply Chain.
“Despite this, it appears that the sector continues to perform steadily with businesses seeing the importance of an efficient supply chain that is both cost-effective and transparent. The good news for the sector is that the past 12 months have seen an upward turn in salary which we predict will continue into next year.”
Those with salaries below £40,000 per year benefitted from the largest percentage wages increases, with procurement assistants and supply chain coordinators receiving 7.8% and 7.2% more on average in 2019.
The highest increases for roles earning above £40,000 included operations managers (6.8%), senior buyers (6%) and supply chain directors (5.2%).
According to Reed, 2019 saw a larger focus on ethical sourcing and sustainability roles in the marketplace, as more organisations look to improve purchasing practices.
Hewitson said procurement’s importance is set to continue into 2020 as businesses need to tackle carbon emissions within supply chains and have the ability to streamline during difficult periods.
“In 2020, we expect to see procurement and supply chain professionals continue to be in demand as companies look for proven analysts, buyers, coordinators, and directors to lead their company into the future,” she said.
“Businesses know that with reducing carbon high on the UK agenda, and an estimated 90% of a company’s carbon footprint trapped in its supply chain, they will need procurement to comply and thrive in this new age.”
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