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Thursday, September 02, 2010
Thursday, September 02, 2010
Latest Procurement News
Posted: Thursday, June 04, 2009, 9:00AM
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KNOWLEDGE MANAGEMENT TAGS
"Benchmarking", "Leadership", "Talent Management"
Procurement salaries on the rise
The salaries of US-based supply management professionals increased by almost 7% in 2008 over 2007 levels, according to Institute of Supply Management research. In its annual salary survey, the US institute received more than 1,000 responses and found that the average salary of a supply management professional in 2008 was $98,117 - although a discrepancy in gender pay was clearly seen with the average male salary coming in at $106,679 compared to the average female salary of $84,090.
Chief procurement officers, or the equivalent, earned an average of $256,560, while vice presidents earned $201,338 and directors $131,204. Managers, meanwhile, earned $93,132 and experienced supply management professionals could expect to be paid $69,780.
Procurement Tags - Benchmarking, Leadership, Talent Management, U.S.
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