The pay gap between men and women under 40 is beginning to narrow, according to a new report released by the Association for Supply Chain Management (ASCM). Women under 40 report a median salary of $81,000 annually, where men in the same age group report a median salary of $79,000 annually.
“It’s not enough to just report these disparities; supply chain organizations must lead the way by creating environment where diverse talent is valued, included and developed,” says ASCM CEO Abe Eshkenazi. “The need for supply chain professionals has never been greater, so now is the time to expand the aperture to include diversity of thought, influence and input, particularly for women and people of color.”
From PR Newswire:
- The data for women over 40, however, is not equitable. The difference between men and women’s salaries in that age group ranges from $12,000-$23,000, with men earning more.
- Nearly all respondents (95%) remained in their jobs, and more than half (59%) felt no economic impact.
- Those who hold at least one APICS certification report a median salary of $90,000, which is 27% higher than those without a certification. Additionally, 21% of those with an APICS certification and undergraduate supply chain degree received a promotion within the last year.
“The multitude of disruptions over the past year placed a spotlight on the critical role supply chain professionals play in building resilience and keeping our society running under the most difficult circumstances,” adds Eshkenazi. “This report confirms what we already knew -- supply chain careers are not only invaluable, but also offer the opportunity to build a stable career that has a meaningful impact on people’s lives.”