Salaries for senior purchasing professionals have taken yet another leap forward and are now well ahead of the national average according to the latest Salaries and Reward Survey from The Chartered Institute of Purchasing & Supply (CIPS) and Croner Reward, part of Wolters Kluwer UK.
Across other sectors including IT, finance, HR, marketing and sales, purchasing continually outstrips salaries, especially at senior levels. Purchasing heads of function can expect an average salary of 63,000, with all other functions ranging from 51,149 (HR) to 55,000 (finance) at this level. Even at middle ranking levels purchasing is ahead of the national average and ahead of finance, HR and marketing. The only level where purchasing has fallen behind its counterparts is at the junior level.
The 2008 survey has also revealed a worrying gap opening up between male and female purchasers. Pay for female purchasers is now between 2 and 25% below that of their male counterparts, with the widest gap showing at director level.
Once again CIPS membership is reaping rewards for individuals with Heads of Function and Senior Managers who have achieved Fellowship of the Institute earning between 5,000 and 12,000 more then non members in similar roles. Member of CIPS (MCIPS) can expect to earn up to an extra 2,500.
Variations in pay are also appearing across sectors and regions. The Public sector is still lagging behind services and manufacturing especially at a senior level where a director in the Service sector could expect an annual salary of 77,000 compare to 72,500 in manufacturing and 70,000 in the public sector.
Regionally, purchasers in London are getting an average salary of 43,800, 41% above the national average purchasing salary. The North East sees the lowest average salary with professionals being paid 27,000, 13% below the national average.
Satisfaction levels are high with 53% reporting excellent or good job satisfaction and 59% reporting good or excellent job satisfaction.
Mike Campbell, Director, Professional Development Services at the Chartered Institute of Purchasing & Supply, said: ìThe news for the purchasing professional is all positive ñonce again an upward trend in procurement remuneration is further evidence of the widespread recognition of the important contribution that professional procurement makes to organisationsí success.î
Vivienne Copeland, Client Services Director at Croner Reward said: ìAbove average year-on-year increases in earnings has meant that senior purchasing professionals are again at or near the top of the pay league. That said, it is disappointing to see such a wide gender pay gap for jobs at the top of this important and increasingly strategic business functionî
Purchasing and Supply Salaries Rise to the Top
Up to 25% pay gap appearing between male and female purchasers
