Nearly 14% of respondents to the Association for Supply Chain Management’s (ASCM) survey found a new job, up only 1% from last year. The data also revealed career satisfaction remained exceedingly high despite the continuous strain of supply chain disruptions, all proving that the Great Resignation is posing minimal threat to the supply chain industry.
“This past year brought continued uncertainty across all industries and supply chain professionals were once again under tremendous pressure to keep pace with a never-ending stream of disruptions,” says ASCM CEO Abe Eshkenazi. “Amid all these global challenges, it’s reassuring to see supply chain professionals remaining resilient and committed to their vital work and this dynamic industry.”
From PR Newswire:
- According to this year’s report, two-thirds of supply chain professionals work in a hybrid or permanent work-from-home setting, demonstrating the flexibility that many in today’s workforce seek when evaluating career options.
- Salaries and compensation continue to rise with survey respondents reporting an average of a 9% pay increase. Overall, total compensation has increased by an average of 12%, with the median package being just under $100,000. From a benefits standpoint, the report showed that paid time off is generous within the industry with nearly half (48%) of supply chain professionals reporting receiving four weeks or more of paid vacation.
- For the second year in a row, the report showed that women under 40 earned more than their male counterparts in supply chain roles.
- This year’s report found women aged 40-49 narrowed the pay gap down from 15% in last year’s report to 8% this year.
- Those with at least one APICS certification earn 25% more salary than those with no certification at all.
- Respondents reported a median salary of $96,000.
- 81% of new graduates found their job in the supply chain industry in three months or less. For professionals already in the industry, 67% found a new job within three months of beginning their search.
“This year’s data is encouraging as we work to attract, develop and retain more diverse supply chain talent but these numbers also demonstrate there is more work to be done. I hope all organizations can redouble efforts to eliminate pay gaps based on gender and race,” adds Eshkenazi.