Introduction & Methodology

Transcription

1 January/ 2017

2 Introduction & Methodology Purpose of study: 1. To determine the current salaries and overall compensation for logistics and supply chain professionals. 2. To examine the current job/overall career satisfaction of logistics and supply chain professionals. Specifically, the research examines: Compensation: - salary level Job and career history: - # of years with current employer - job responsibilities - # of years work in field Satisfaction with career as a logistics or supply chain professional: - job stability & job-related pressures/stress Demographics Methodology: In January, 2017, an invitation was sent to subscribers of Logistics Management asking for their participation in this study. The included a dedicated URL linked to a Website that hosted the questionnaire results are based on 687 qualified respondents (1,262 in 2013/929 in 2014/650 in 2015/824 in 2016). The margin of error for this study is +/- 3.8%, meaning if the entire population responded, results may vary by +/- 3.8%. Definitions: The mean is the average of a given set of values. The median is the mid-point in a set of values where one-half of the values are more than the mid-point, the other half are lower. 2

3 What is your current total annual salary for 2017? (Please include bonuses and commissions, etc.) Average salary $113,175 $105,675 $118,880 $112,965 $113, salary $90,000 $90,000 $95,000 $94,000 $85,000 16% 4% 7% 9% 6% 6% 9% 9% 12% 11% 11% 10% 9% 8% 12% 11% 13% 11% 14% 4% 4% 3% Less than $40,000 $40,000 - $49,999 $50,000 - $59,999 $60,000 - $69,999 $70,000 - $79,999 $80,000 - $89,999 $90,000 - $99,999 - $119,999 $120,000 - $149,999 $150,000 - $249,999 $250,

4 In the past year, has your salary level... By what percent did your salary level change? 19% Average Note: Increase/Decrease %s are comparable to 2016 Stayed the same/no change 32% Increased 61% 10% 7% 3% Decreased 7% Increased by... Decreased by... 4

5 Age Salary by age (average & median) $140,000 Changes from 2016 $120,000 $119,660 $118,150 $113,155 36% 29% $92,075 $102,000 21% $80,000 $68,365 $80,000 $60,000 $60,000 Average 12% $40,000 3% $20,000 < $- < < Average $ 79,840 $ 99,200 $ 110,740 $ 114,625 $ 106,165 $ 58,000 $ 87,800 $ 97,000 $ 94,500 $ 94,000 5

6 Gender Salary by gender (average & median) 82% $119,236 Average $85,000 $81,385 $75,000 18% Male Female Male Female 2016 Male Female Average $ 110,390 $ 85,200 $ 92,000 $ 70,000 6

7 Job title Salary by job title (average & median) Logistics Manager/Director 19% Changes from 2016 Logistics Dir./Mgr. $97,440 $92,000 Operations Manager/Director Supply Chain Manager/Director VP/General Manager Distribution Manager/Director Warehouse Manager/Supervisor Corporate/Divisional Manager Traffic Manager/Supervisor/Analyst Transportation Manager/Director Purchasing Manager/Director Sales Consultant Engineering Manager/Engineer 9% 8% 7% 6% 5% 5% 4% 4% 4% 4% 3% 2% Includes: Engineering, Fleet Manager Analyst Operations Manager Supply Chain Dir./Mgr. VP, GM Distribution Dir./Mgr. Warehouse Mgr./Superv. Corp. Div. Mgmt. Traffic Manager Transportation Dir./Mgr. Purchasing/Procurement Dir./Mgr. Sales Engineering Mgmt. $102,735 $90,000 $121,875 $117,000 $178,770 $150,000 $128,540 $115,000 $70,610 $67,000 $148,325 $125,000 $68,220 $64,000 $98,010 $92,000 $98,565 $95,000 $123,040 $114,000 $115,265 Average Other, Please Specify 20% Consultant $110,380 Purchasing/Pro curement Dir./Mgr. VP, GM Supply Chain Dir./Mgr. Transportation Dir./Mgr Logistics Dir./Mgr. Operations Manager Warehouse Mgr./Superv. Corp. Div. Mgmt. Distribution Dir./Mgr. Traffic Manager Sales Engineering Mgmt. Consultant Average $ 99,035 $ 91,240 $ 88,840 $ 193,070 $ 142,600 $ 65,560 $ 108,945 $ 151,640 $ 118,465 $ 63,850 $ 93,870 $ 111,935 $ 101,635 $ 92,000 $ 82,500 $ 80,000 $ 170,000 $ 129,000 $ 62,500 $ 92,000 $ 123,000 $ 100,300 $ 62,000 $ 75,000 $ 105,000 $ 100,000 7

8 Single most important job function Salary by primary job function (average & median) Distribution/Logistics 23% Distribution/Logistics $122,465 Supply Chain Management 16% Supply Chain Mgmt $120,175 $110,000 Operations Traffic/Transportation Sales Import/Export Operations Purchasing Warehousing Information Technology (IT) 3% 3% 6% 6% 6% 11% 10% Changes from 2016 Traffic/Transportation Operations Purchasing Sales Warehousing Import/Export Operations $91,000 $80,000 $90,000 $91,115 $90,000 $84,115 $78,500 $91,920 $75,000 $114,760 $136,540 $118,000 Average Inventory Control 3% Inventory Control $71,495 $77,000 Fleet Operations Planning Materials Handling Other, Please Specify 3% 2% 2% 7% Includes: Contracts, Engineering, Finance Planning Fleet Operations Information Technology (IT) $111,650 $93,145 $98,000 $125,500 $125, Distribution/ Logistics Supply Chain Mgmt. Traffic/ Transportation Operations Purchasing Sales Average $ 111,835 $ 141,540 $ 95,830 $ 92,485 $ 81,970 $ 137,325 $ 76,060 $ 82,880 $ 66,390 $ 90,470 $ 74,925 $ 100,460 $ 95,000 $ 120,000 $ 83,000 $ 85,000 $ 75,000 $ 100,000 $ 74,000 $ 80,000 $ 58,000 $ 83,000 $ 75,000 $ 85,000 8 Warehousing Import/ Export Operations Inventory Control Planning Fleet Operations Information Technology (IT)

9 How many people report directly to you? How many people does your company employ? 50% 28% 27% 22% 27% 15% 10% 13% 9% < More than 20 Less than ,000-4,999 5,000 or more 9

10 Has the number of functions you perform in your job increased, decreased or stayed the same over the last 2 to 3 years? Increased 77% Stayed the same/no change 19% Decreased 4% 10

11 How did you get your current job? Word of mouth/personal networking 29% Promoted or changed positions internally 24% Job search websites 13% Search firms/headhunters 10% Other websites. Local media/newspapers. 7% Social networking sites (LinkedIn, Facebook) Industry/Professional associations 4% 3% Through a university or post grad guidance counselor Postings in trade publications/publication's website Job Fairs 1% 1% 1% Other 6% 11

12 Years in present position Salary by years in present position (average & median) $140,000 $128,600 < 1 year 12% $120,000 $102,730 $101,485 $109,600 $107,800 $119, years 23% $80,000 $91,000 $85,000 $97,500 $90,000 $60, years 26% $40,000 Average 6-10 years 15% $20,000 Changes from 2016 More than 10 years 24% $- < 1 year 1-2 years 3-5 years 6-10 years More than 10 years 2016 < 1 year 1-2 years 3-5 years 6-10 years More than 10 years Average $ 102,835 $ 107,840 $ 104,935 $ 105,860 $ 105,690 $ 85,000 $ 88,000 $ 87,500 $ 97,000 $ 84,000 12

13 Years with present employer Salary by # of years with present employer (average & median) $140,000 < 1 year 8% $120,000 $119,965 $101,160 $102,315 $120,450 $94, years 13% $80,000 $93,500 $85,000 $83,000 $90, years 20% $60,000 $40,000 Average 6-10 years 17% $20,000 Changes from 2016 More than 10 years 42% $- < 1 year 1-2 years 3-5 years 6-10 years More than 10 years 2016 < 1 year 1-2 years 3-5 years 6-10 years More than 10 years Average $ 93,270 $ 102,425 $ 93,320 $ 109,240 $ 111,810 $ 82,000 $ 80,000 $ 82,000 $ 90,000 $ 95,000 13

14 # of different employers Salary by # of different employers (average & median) One 30% $140,000 $120,000 $106,700 $114,725 $117,260 $130,525 $124,055 Two 22% $92,465 $109,000 $108,000 $96,500 Three 16% $80,000 $75,000 $85,000 $60,000 Four 11% $40,000 Average Five - Nine 18% $20,000 Ten or more 3% $- One Two Three Four Five - Nine Ten or more 2016 One Two Three Four Five - Nine Ten or more Average $ 83,725 $ 102,390 $ 110,885 $ 115,850 $ 129,455 $ 110,920 $ 72,000 $ 88,500 $ 84,250 $ 96,000 $ 105,000 $ 105,460 14

15 Years of logistics/supply chain management experience Salary by years of logistics/supply chain management experience (average & median) 3 years or less 8% $160, $140, Changes from 2016 $125,685 $122,500 $150, years 8% $120, $96,750 $113,875 $124, years 11%.00 $80, $66,030 $76,650 $81,300 $97,500 $109,000 $110, years years 14% 16% $60, $40, $56,300 $73,000 $72,000 $80,000 Average years 13% $20, years 14% $ years or less 4-6 yrs yrs yrs yrs yrs yrs. More than 30 yrs. More than 30 years 16% years or less 4-6 yrs yrs yrs yrs yrs yrs. More than 30 yrs. Average $ 57,375 $ 77,320 $ 77,345 $ 115,950 $ 103,485 $ 113,630 $ 120,505 $ 131,875 $ 52,000 $ 72,400 $ 66,000 $ 87,500 $ 86,000 $ 99,000 $ 104,000 $ 110,000 15

16 How would you rate your understanding of e-commerce and e-fulfillment processes within your organization? Salary by level of understanding of e-fulfillment processes (average & median) Not very/not at all knowledge able 10% Highly knowledge able 37% Somewhat knowledge able 53% $128,245 $105,000 $105,175 $90,000 Average $82,575 $73,500 Highly knowledgeable Somewhat knowledgeable Not very/not at all knowledgeable 16

17 Job pursuit Salary by job pursuit (average & median) $140,000 Changes from 2016 $121,185 $120,000 Happy where I am 27% Actively looking 10% Passively looking 20% $80,000 $60,000 $95,065 $80,000 $107,510 $105,450 $95,000 $95,000 $90,000 $40,000 Average Always looking for better opportunities 43% $20,000 $- Actively looking Passively looking Always looking for better opportunities Happy where I am 2016 Actively looking Passively looking Always looking for better opportunities Happy where I am Average $ 96,870 $ 102,865 $ 101,500 $ 114,785 $ 78,000 $ 85,000 $ 85,000 $ 95,000 17

18 Level of satisfaction with career in supply chain/logistics Salary by level of satisfaction with career (average & median) $128,450 Average $109,500 Very Satisfied 49% $95,215 $84,975 $86,990 $70,000 Somewhat Satisfied 45% Very Dissatisfied 1% Somewhat Dissatisfied 5% Very satisfied Somewhat satisfied Very/Somewhat dissatisfied 2016 Very satisfied Somewhat satisfied Very/Somewhat dissatisfied Average $ 122,930 $ 94,270 $ 81,810 $ 103,000 $ 80,000 $ 72,000 18

19 Which factors would you say most greatly affect your satisfaction with your current job? Feeling of accomplishment Relationship with colleagues Salary Relationship with boss Job security Benefits Leading a team Location Relationship with subordinates Company's financial health Feeling of recognition Managing people Advancement opportunities Company size Technical challenge Workload Travel 17% 25% 25% 23% 23% 31% 39% 38% 38% 38% 37% 35% 35% 45% 47% 52% 55% 19

20 Which factors mostly contribute to any dissatisfaction you may have with your current job? Company politics 43% Salary No room for advancement 36% 35% Stress level too high Lack of adequate technology No recognition 29% 30% 30% Workload 25% Lack of benefits 15% Company unstable Location Not challenging enough Colleagues 12% 10% 10% 9% Outsourcing offshore 5% 20

21 Education Salary by education (average & median) High School 6% Changes from 2016 Average $144,955 $131,135 Some College 18% $110,735 $120,000 $120,000 $95,000 College -- Associate' s (2-year) Degree 10% $83,710 $84,620 $82,270 $75,000 $75,000 $73,500 College -- Bachelor's (4-year) Degree 40% MBA 18% Other Graduate 7% High School Some college 2-year College degree 4-year College degree MBA Other Grad degree Other 1% 2016 High School Some college 2-year College degree 4-year College degree MBA Other Grad degree Average $84,525 $77,765 $78,955 $110,050 $146,990 $118,400 $78,000 $70,000 $67,000 $95,000 $120,000 $110,000 21

22 Have you completed any formal education in logistics and/or supply chain management? Salary by completion of formal education (average & median) $115,600 Average Changes from 2016 $105,620 Yes 43% $90,000 No 57% Yes, have formal education No 2016 Yes, have formal education No Average $ 115,185 $ 98,865 $ 95,000 $ 83,500 22

23 What would you say have been the most important steps in advancing your career? Personal or social networking 50% Taking classes/getting a degree in business 28% Taking classes/getting a degree in transportation 25% Industry certifications 22% Joining an industry/professional association 18% Other 20% 23

24 What type of logistics/supply chain management education have you completed? Job-related training 68% Industry conferences/seminars/workshops 47% Professional certification (e.g., AST+L, APICS, etc.) 22% Undergraduate degree in logistics and/or supply chain management 16% Graduate degree in logistics and/or supply chain management Other 6% 10% Note: Participation in 2017 continues to slide as fewer: - Attended industry conferences (61%-2015 to 54% to 47% in 2017) - Attained professional certifications (45% to 39% to 22% in 2017) However, more: - Took part in job-related training (50%

25 Are you planning to take any continuing education programs or classes during the next 12 months? Do you think this class or program will enable you to earn a better salary? 46% 34% 30% 35% 38% 49% 49% 44% 48% 46% Uncertain at this time 18% 18% 25% 15% 30% No 33% 33% 31% 37% 24% Yes

26 What one skill or area of expertise would you like to have that you feel would improve your level of pay or job position? Having salary of: Less than $50,000 Having salary of: $50,000 - $74,999 Having salary of: $75,000 - $99,999 Certifications College Degree International freight (Export and Import) Lean/Six sigma training Management/Leadership skills Project management Warehouse/Distribution management Analytical skills APICS/CPIM Certification Better understanding of technology n(tms, WMS, etc.) Bi-lingual Computer Programing ERP SKILL SET International Shipping and Distribution Law Lean/Six sigma Management skills MBA Project Management Social skills Supply Chain Management Accounting APICS Certification Better analytical skills Compliance/Customs Broker's license Data Analytics E-Commerce Finance/Accounting International Logistics Leadership training MBA Negotiation skills Presentations & Public Speaking Project Management Sales Skills Six Sigma Certification Supply Chain Optimization Technology 26

27 What one skill or area of expertise would you like to have that you feel would improve your level of pay or job position? Having salary of: - $169,999 Automation/ Advanced distribution methods such as Pick to Voice Computer skills Critical Thinking Customs Brokers License Data analytics Database management skills Degree e-commerce expertise Finance International Shipping Leadership Lean certification MBA Negotiation skills People skills Production/Contract Manufacturing Project Management Purchasing Strategic Management Supply Chain Management Technology Analytical skills/big Data Communication skills Finance International fulfillment MBA Political skills Sales Technology Having salary of: $170,

28 How important are each of the following when negotiating your compensation? 10% 11% 10% 18% 18% 18% Not at all important Not very important 39% 31% 36% Somewhat important 22% 27% Note: Social networking jumped from 29% in 2016 to 40% in 2017 for being extremely/very important. 26% Very important Extremely important 11% 13% 10% Continuing on-line education programs Social networking Involvement with professional associations 28

29 Which sources are most helpful in learning more about opportunities for better paying jobs in the logistics/supply chain marketplace? Social networks (LinkedIn, Facebook, Twitter) 60% From peers/colleagues/word of mouth 60% Internet 57% Search firms/headhunters 46% Trade publications/publications' web 20% Conferences 18% Job fairs 11% Trade shows 11% Other 1% 29

30 Would you recommend the logistics/supply chain management field to your son/daughter or to a friend? Are you seeing, or do you expect to see, younger managers enter the logistics and supply chain workforce? No 17% Yes, would recommend 83% No 16% Yes 84% 30

31 Annual spend on transportation Salary by annual spend on transportation (average & median) $160,000 $1 billion or more 7% $140,000 Changes from 2016 $130,710 $140,330 $500 million - $999.9 million $100 million - $499.9 million 5% 11% $120,000 $90,345 $88,330 $97,700 $109,145 $120,000 $118,000 $124,840 $124,330 $123,500 $20 million - $99.9 million 14% $80,000 $75,000 $80,000 $5 million - $19.9 million 18% $60,000 $64,000 $1 million - $4.9 million 22% $40,000 Average $20,000 $500,000 - $999,999 Less than $500,000 8% 16% $0 <$500,000 $500,000 - $999, <$500,000 $500,000 - $999,999 $1M - $4.9M $5M - $19.9M $1M - $4.9M $5M - $19.9M $20M - $99.9M $20M - $99.9M $100M - $499.9M $100M - $499.9M $500M - $999.9M $500M - $999.9M Average $81,200 $99,735 $87,505 $ 107,225 $122,270 $148,225 $137,165 $128,485 $65,000 $72,000 $78,000 $93,000 $103,000 $120,000 $110,000 $105,000 $1B+ $1B+ 31

32 Is your company public or a privately owned company? Salary by type of business (average & median) $129,535 Average Changes from 2016 $106,000 $104,800 Other 2% Public 33% $85,000 Privately owned 65% Public Privately owned 2016 Public Privately owned Average $ 124,640 $ 96,155 $ 102,000 $ 80,220 32

33 Primary business Salary by primary business (average & median) Aerospace Manufacturing 1% Automotive and Transportation Equipment 5% Chemicals/Pharmaceuticals Manufacturing 5% Computers and Electronics Manufacturing 2% Electrical Equipment Manufacturing 3% Fabricated Metals Manufacturing 2% Food, Beverage, Tobacco Manufacturing 8% Furniture Manufacturing 2% Industrial Machinery Manufacturing 2% Paper/Printing Manufacturing 3% Plastics/Rubber Products Manufacturing 2% Primary Metals Manufacturing 1% Textiles/Apparel Manufacturing 2% Other Manufacturing 14% Wholesale Trade 8% Retail Trade 6% Transportation/Warehousing Services 10% 3PL Provider 10% Business/Consulting Services 3% Other non-manufacturing 11% 2016 Automotives & Trans. Chemicals/Phar mceu. Computers & Electronics Automotives & Trans. Chemicals/Pharmceu. Electrical Equip. Food, Bev. Tobacco Industrial machinery Paper/Printing Plasitcs/Rubber Transp./Warehousing Electrical Equip. 3PL Wholesale trade Retail trade Consulting Fabricated Metals Food, Bev. Tobacco Industrial machinery Paper/Printing $94,185 $87,500 $86,230 $80,000 $85,000 $84,000 Plasitcs/Rubbe r $107,000 $105,560 $108,400 $133,265 $119,815 $108,000 $110,060 $111,125 $113,225 $107,810 $97,500 $121,450 $120,000 $130,610 $125,000 Transp./Wareh ousing Average $ 101,045 $ 127,300 $ 127,815 $ 96,375 $ 79,360 $ 104,030 $ 113,680 $ 83,355 $ 104,350 $ 105,365 $ 81,000 $ 116,000 $ 125,000 $ 85,000 $ 75,000 $ 82,000 $ 87,000 $ 79,500 $ 85,000 $ 92,000 Changes from

34 Estimated 2017 company revenues Salary by company revenues (average) Less than $50M 24% $140,000 Changes from 2016 $145,560 $122,400 $50M - $99.9M 14% $120,000 $104,335 $110,875 $100,830 $125,000 $100M - $249.9M 12% $80,000 $91,525 $90,220 $90,000 $95,500 $90,725 $98,500 $250M - $499.9M 9% $60,000 $72,000 $80,000 Average $500M - $999.9M 10% $40,000 $20,000 $1B- $2.49B 10% $2.5B billion or more 21% $- <$50M $50M - $99.9M $100M - $249.9M $250M - $499.9M $500M - $999.9M $1B - $2.49B $2.5B <$50M $50M - $99.9M $100M - $249.9M $250M - $499.9M $500M - $999.9M $1B - $2.49B $2.5B+ Average $ 78,505 $ 90,245 $106,950 $ 99,840 $ 114,465 $ 127,310 $ 136,370 $ 65,000 $ 82,000 $ 88,000 $ 85,000 $ 97,000 $ 117,000 $ 111,000 34

35 Region Salary by region (average & median) New England (ME, NH, VT, MA, RI, CT) Mid-Atlantic (NY, PA, NJ, DE, MD, WV, VA Southeast (NC, SC, GA, FL) Midwest (MI, OH, KY, TN, IN, WI, IL, MN, 5% 14% 12% 35% Mountain Average $79,385 $80,000 MT, ID, UT, WY, CO, NM Midwest Average $105,040 $90,000 MI, OH, KY, TN, IN, WI, IL, MN, IA, MO, ND, SD, NE, KS New England Average $132,070 $110,000 ME, NH, VT, MA, RI, CT South (AL, MS, AR, LA, OK, TX) 9% Mountain States (MT, ID, UT, WY, CO, NM) 3% West (CA, WA, OR, NV, AZ, AK, HI) 13% Mid-Atlantic Canada 5% Average $110,110 Other (Please specify) 3% $91,000 NY, PA, NJ, DE, MD, WV, VA, DC 2016 Average West New England $122,440 $92,000 Average $121,590 Mid-Atlantic $115,110 $94,500 Southeast $109,310 $88,000 South $105,250 $97,000 Midwest $94,380 $81,000 Mountain $77,750 $72,000 West $113,700 $95,000 CA, WA, OR, NV, AZ, AK, HI Canada Average $89,330 $79,000 South Average $113,350 $106,000 AL, MS, AR, LA, OK, TX Southeast Average $107,900 $90,000 NC, SC, GA, FL 35