Today’s blog will be a shorter one, but one with some very good information! ASCM had recently released their “2022 Supply Chain Salary and Career Report”, which shines light on some of the changes to compensation as a result of the current job market and increased focus on supply chain during the pandemic. This blog will focus mainly on the U.S. portion of the report, although, the report does discuss Canada and Europe.
In the U.S., ASCM states that 79% of respondents having reported an increase in their salary. In 2020, that number was 59% showing a 20% increase year-over-year (ASCM). ASCM also reports that the average increase in salary was 9% with one-third of respondents receiving an increase of 8% or more. The largest single range was another one-third of respondents reporting an increase in salary of 2- 3.9%. Interestingly, entry-level salaries remained consistent with prior years at $60,000 while all other levels of experience increased in base salary (ASCM).
An interesting portion of the ASCM report is the section on common job trajectories for supply chain. I could try to put their graphic into words, but the ASCM graphic from the source cited at the bottom of the blog does an excellent job summarizing:
While this is a nice graphic to see and can be used as a reference, I cannot stress enough that these are common trajectories and not everyone’s career follows the common path!
Source: ASCM/ APICS, pp. 1–9, 2022 Supply Chain Salary and Career Report.