ASCM’s 2022 Supply Chain Salary and Career Report has officially launched, and I’m inspired by the many promising insights that our research team uncovered. First, the Great Resignation had little effect on our field. This past year, only 14% of survey respondents found a new job, up just 2% from 2020. This is particularly impressive considering the tremendous pressure and deluge of disruptions industry professionals have had to surmount of late. It’s reassuring to witness your ongoing resilience and devotion to the supply chain profession.
Perhaps this is no wonder, as the data clearly shows that respondents experience a high level of job satisfaction, and the majority would recommend supply chain as a career path to others. Plus, supply chain jobs come with a variety of perks: Nearly 80% of U.S. survey respondents received a salary increase in 2021, up from 59% the previous year. In Canada, the majority of respondents report at least a 2% wage boost, but 72% received an average increase of 8.7%. In Europe, the average salary growth was around 10%.
Also, professionals with at least one credential earned 17% more than those without. And people with two or more credentials make 46% more than the median salary. When it comes to APICS credentials —Certified in Planning and Inventory Management; Certified Supply Chain Professional; and Certified in Logistics, Transportation and Distribution — those who hold at least one designation report a median salary 25% higher than their uncertified peers.
By and large, respondents also report a positive company culture, with 60% saying they have a good work-life balance and are encouraged to take vacation and recharge. Nearly half enjoy four or more weeks of paid time off each year, and 20% say their companies have increased the number of paid holidays. Nearly 80% also have flexible work arrangements, and two-thirds of respondents work in fully remote or hybrid environments.
While these results are remarkable, there is still work to do with regards to diversity, equity and inclusion (DEI). This year, the gender pay gap remained closed between men and women under 40, with women earning slightly more than men. In addition, the gap for women ages 40 to 49 narrowed to 8% from 15% in 2020. However, the disparity between men and women over age 50 widened, and the overall difference broadened slightly.
The major source of inequity gaps for women, as well as people of color, appears to be private organizations. At public firms, women earn 4% more than men, but men earn 11% more than women at private firms. And the pay gap between white and Black people was 4% at public firms but 9% at private firms.
Education and celebration
Diversity of thought and contribution is essential to business success, so supply chain leaders must identify ways to prioritize DEI wherever possible. Here at ASCM, one way we’re doing that is through the Awards of Excellence. The Diversity, Equity and Inclusion Champion award honors an industry professional who displays exceptional commitment to DEI, fosters professional environments that value individual differences, and inspires people of all profiles and backgrounds to succeed in supply chain careers.
We have extended the deadline to June 3, so now’s the time to enter this or one of five other notable categories. Tell us your story, and you may be honored onstage at this year’s ASCM CONNECT Annual Conference. It’s an incredible opportunity for our global supply chain community to celebrate and learn from the important lessons that you have to share.