Higher pay for purchasing managers

Finally it seems that purchasing salaries are seeing an upward trend. A new report out today reveals that the average purchasing salary has increased by 18% over last year.

This data and more can be found in the Purchasing & Supply Management Salaries in 2014 Report, published by the Next Level Purchasing Association (NLPA), which provides purchasers insight into the compensation of their peers throughout the world and delves deeply into salary statistics, including salary by industry, gender, and educational attainment, to provide various benchmarks.

Despite an incredible increase in the average purchasing salary, the 2014 report, which surveyed 1,100 purchasing professionals in late 2013, also revealed that a gender disparity in both pay and opportunities is still prevalent.

Within North America while job opportunities are equitable men out earn their female colleagues by over 24% on average. Throughout the rest of the world, the disparity in the procurement workforce by gender is astounding- 19% female and 81% male.

“In the years that the NLPA has been tracking purchasing and supply management salary trends, this year’s data is the most encouraging yet,” says Charles Dominick SPSM, SPSM2 President of Next Level Purchasing Association. “After deep economic recessions and slow recoveries, the long-term impact on a profession’s earning potential can be hard to predict.”

Dominick told LM in an interview that the 2014 data shows that purchasing and supply management professionals have fared quite well now that the economy has largely rebounded from some challenging years. 

“To me, it’s a sign that the purchasing and supply management function is, and will continue to be, truly valued as an indispensable contributor to organizational success,” he says.

For the first time this year, the NLPA also explored whether this disparity exists at every position level or only some.

This analysis can be found in the Purchasing & Supply Management Salaries in 2014 Report. Those interested in obtaining a copy of the report can do so by joining the Next Level Purchasing Association, which is free. To join the Next Level Purchasing Association for free and get a copy of this report, visit:
http://www.nextlevelpurchasing.com/