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More opportunities are available as more roles are open than ever in this sector - candidates can take advantage of the high demand for skilled and qualified workers.
Reed’s Procurement & Supply Chain salary guide highlights trends in salary and the industry’s recruitment over the last year, looking at patterns to predict salaries for both this year and 2021.
Using data gathered from 2.7 million jobs posted last year on reed.co.uk, the procurement and supply chain guide provides a comprehensive picture for some of the most prominent jobs in the industry.
It looks at procurement and supply chain jobs in 12 UK regions and features information on salaries for roles including CPO/procurement directors, buyers, procurement analysts and more.
Economic uncertainty means that professionals need to be well-versed in OJEU tenders, especially those with CIPS qualifications - there is currently a shortage of candidates with either. Professionals with these assets are likely to demand a higher salary, as the UK sector overall has seen average salary growth of 5.2% this year.
Despite the under-development of contracts management, the role has seen salary growth of 5.3% in London, greater than the national average. However, in Scotland, contracts managers are losing income, with their average salary decreasing by 4.1%.
The demand for logistics managers has increased in recent years; this is reflected in the 7.3% increase in salaries in North West of England and general growth throughout the UK.
Salaries for East Anglia’s procurement/purchasing manager roles dropped 4.6%, meanwhile in the East Midlands, supply chain manager salaries jumped up by an average of 7.9%.
The most significant drop in the sector, overall, is the average salary of logistics managers in South East England (by 9.8%). In contrast, the most substantial growth in salaries is in the North East and South East of England, with a 9.4% increase for both supplier relationship managers and supply chain coordinators respectively.
In the North West, the procurement and supply chain sector’s overall salary growth is 3.4% this year. Northern Ireland’s growth is slightly slower, at only 1.7%.
Supplier relationship manager salaries have also risen across multiple regions. In the West Midlands, salaries jumped up 9.2%, while they also increased by 7.9% in the South West.
Buyer salaries have grown 8.7% in Wales and 6.8% in Yorkshire and Humberside.
As there are more open roles than candidates to fill them, each candidate will have at least three offers at once - employers with a lack of urgency will miss out on their preferred candidate if they are not ready to hire immediately.
Outline the perks of the job, as it is increasingly important to offer candidates flexible working as well as other non-financial benefits. These are often more interesting to candidates than remuneration, but a good salary is still the most important consideration.
Companies should match the salary to the skillset and expectations of the individuals - those with fixed salary budgets will struggle to fill positions in the sector.
