Supply chain & procurement professionals based in the Midlands are set to earn the biggest pay rises this year, according to data from the Robert Walters 2015 Salary Survey.
Thriving local businesses in the automotive and manufacturing sectors are driving the largest salary increases of any region in the country – up to 10%.
Industry professionals in the North West are also in line for an average rise of around 5%, fuelled by growing demand from the automotive, engineering, FMCG and manufacturing sectors. Those with specialist knowledge of any of these areas are most likely to command the largest rises.
In the South East and Thames Valley, interim procurement professionals are forecast to receive pay rises of around 8% as companies look to grow while keeping down long-term headcount.
While average salaries in London remained flat, the number of businesses on the lookout for specialists such as category managers and strategic procurement professionals is expected to lead to pay increases this year.
Neil Scott, Manager of Supply Chain & Procurement Recruitment at Robert Walters, comments:
“Many businesses have turned to supply chain and procurement solutions to cut costs, though we are also seeing rising demand for professionals with experience in strategic sourcing to improve purchasing decisions and build stronger relationships with suppliers.
“With many businesses increasing hiring in anticipation of further growth, the local talent pool in some parts of the country has contracted significantly. As a result, we expect the cost of interim professionals in these areas to increase significantly, and salaries at the junior-mid level are also rising as skills shortages bite.
“With candidates receiving multiple offers, those organisations still in ‘recession mode,’ with protracted interview processes, are likely to lose out to more dynamic competitors. Companies also need to think about offering incentives beyond remuneration, such as career progression opportunities or good work-life balance.”