2024年供应管理薪酬调查_12页_2mb

2024 Supply Management Salary Survey Summary

Introduction

The 2024 Supply Management Salary Survey, conducted by the Institute for Supply Management® (ISM®), provides insights into salary trends for supply management professionals in 2023. The survey highlights a dynamic and promising market for compensation, with a reported average salary of $131,049 and a median of $111,000. The findings suggest a consistent upward trend in salaries over the past eight years, with notable growth for both men and women.

High-Level Salary Findings

• Average Salary Increase: The average salary in 2023 increased by 6% to $131,049, compared to $123,523 in 2022.
• Median Compensation: Median compensation rose by 5% to $111,000.
• Top Earners: The average salary for the top 10% of earners was $335,921, and for the top 5%, it was $418,990.
• Salary Changes: 85% of respondents reported an increase in base salary in 2023, down 2% from 2022. A 6% decrease in salary was reported by 12% of respondents.
• Overall Compensation Growth: The average increase in overall compensation (including bonuses and other income) was 5%, with a notable slowdown compared to the previous year.

Average Salaries by Position, Age Group, and Gender

• CPOs: Salaries peaked in 2019 at $251,729, declined in 2021 to $126,042, and rebounded to $196,844 in 2023.
• VPs: Salaries increased steadily, from $135,757 in 2016 to $265,942 in 2023, with an average annual growth rate of over 10% from 2018 to 2021.
• Directors: Salaries remained modestly increasing, ranging from $153,347 to $186,773.
• Managers: Salaries stayed around $110,000, with this group comprising 36% of respondents.
• Age Groups:
  • 25-34: $95,818
  • 35-44: $126,418
  • 45-54: $152,264 (highest average)
  • 55-64: $136,240
  • 65+: $133,398
• Gender Differences:
  • Average Salary: Men ($140,559) earned more than women ($112,761).
  • Median Salary: Men ($115,400) had a slightly higher median than women ($91,549).
  • Top 5 Percentile: Men's average salary was $431,276, while women's was $368,429.
  • Pay Gap: A lingering pay gap exists, with men earning higher salaries at all levels.
  • Emerging Practitioners: Women's average salary was $77,434, while men's was $86,560.
  • Experienced Practitioners: Women's average salary was $90,613, while men's was $108,623.

Bonuses and Long-Term Incentives

• Bonuses: VPs had the highest percentage of employees receiving bonuses (80%) and the highest average bonus ($67,422).
• Long-Term Incentives: Time-based restricted stock was the most common form of long-term incentive, with a growing trend toward providing equity beyond stock options.
• Equity Impact: Equity grants are seen as both a compensation and retention tool, especially as companies face challenges in retaining top talent.

Compensation Changes by Type and Degree

• Merit Increases: 62% of respondents experienced merit increases, averaging 6.1%.
• Promotions: Promotions led to the highest compensation increases (11.5%), compared to 7% for those changing jobs.
• Pay Cuts: Only 3% of respondents reported pay cuts in 2023.
• Salary Change Trends: The average salary change was 5%, with a 1% decrease compared to the previous year.

Supply Chain Spend Responsibility

• Director Level: 82% of directors are responsible for $40 million in spend, the highest concentration.
• VPs and CPOs: 65% of VPs and 51% of CPOs are responsible for $40 million in spend.
• Hierarchy Correlation: There is a clear correlation between position and spend responsibility.

Employee Benefits and Job Environment

• Top Benefits: Health insurance, paid time off (PTO), and retirement planning options are the most important benefits.
• PTO Trends: A new trend is for employers to allow employees to negotiate their own PTO, rather than pre-determined vacation time.
• Job Satisfaction: Job satisfaction and work/life balance were ranked as important factors in career decisions.
• Least Important: Addressing workplace issues related to the pandemic, ESG programs, and training reimbursement were less important to professionals.

Competencies, Training, and Certification

• Certification: Over half of the respondents are certified in a specific area of supply management.
• Certified Professionals: Certified individuals earn significantly higher salaries, with CPSM® and C.P.M. being the most recognized credentials.
• CPSM® Salary: Average salary for CPSM® holders was $160,316, up 15% from 2022.
• CPSD® Salary: CPSD® holders earned an average of $227,887, 40% higher than 2022 and 100% higher than non-certified professionals.
• Training Effectiveness: On-the-job training, professional certification, and formal mentoring were ranked as the most effective methods for skill development.
• Organizational Support: 61% of certified professionals reported that their organization supports certification, while 42% of non-certified professionals said their organization does not support it.

Demand for Skills

• Critical Skills: Emotional intelligence, negotiation, and asking questions are essential for standing out in the profession.
• Technology Adoption: Early adoption of AI and digital tools is seen as a key differentiator.
• Continuous Learning: Professionals emphasize the importance of ongoing learning and development to stay competitive.
• Willingness: Being willing to take on challenges and learn new skills is highlighted as a valuable trait for career advancement and retention.

Conclusion

The 2024 Salary Survey underscores the resilience and growth of the supply management profession, with a steady increase in salaries and a growing emphasis on digital skills, certification, and transparency in compensation. Despite progress toward equity, a gender pay gap persists, and the importance of continuous learning and adaptability remains paramount for professionals in the field.