Salaries for supply chain and procurement roles in the UK will rise by 5% in 2016, according to the latest Robert Walters Salary Survey.
With large corporations in the aerospace, technology and FMCG industries conducting significant supply chain strategy reviews, demand for junior and mid-level procurement professionals is high, pushing up salaries.
“With major employers reviewing their supply chain and procurement strategies a raft of new procurement roles have been created, along with existing roles being redefined, creating new opportunities for professionals with specific skill sets in fields such as vendor management,” said James Franklin, Manager for Supply Chain and Procurement recruitment.
With major employers reviewing their supply chain and procurement strategies a raft of new procurement roles have been created.
Contracts and vendor management positions are also expected to see salaries rise by 6% while procurement analyst positions are expected to see salaries increase by 7%.
Salaries growing for interim roles
As many businesses undertake large scale change and IT projects, employers in both commerce and industry and financial services are driving salary growth for interim roles.
On average, interim salaries are set to grow by 6%, with London and the Midlands expecting the highest salary growth for interim professionals at 9%, and 8% respectively.
“The conditions that generated demand for interim procurement professionals in 2015 are likely to continue this year, with large scale IT & change projects planned among major employers,” said Neil Morgan, Manager for Supply Chain and Procurement recruitment.
Overall, with demand for these professionals outstripping supply, along with the increasingly high value employers place on top supply chain and procurement staff, salaries are expected to show healthy and sustainable growth.
Learn more about how much you’re worth using the Robert Walters Salary Survey.