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ASCM’s 2022 Salary and Career Report Shows Minimal Impact from the Great Resignation, High Job Satisfaction 

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ASCM’s 2022 Salary and Career Report Shows Minimal Impact from the Great Resignation, High Job Satisfaction 

Global Survey Finds Flexibility, Rising Salaries and Narrowing Pay Gap in Supply Chain Careers

The Association for Supply Chain Management (ASCM), the global pacesetter of organizational transformation, talent development and supply chain innovation, today released the findings of its 2022 Supply Chain Salary and Career Report. The annual survey found supply chains were minimally impacted by the Great Resignation. According to the report, 14% of respondents found a new job, up only 2% from last year. The data also revealed career satisfaction remained exceedingly high despite the continuous strain of supply chain disruptions.

“This past year brought continued uncertainty across all industries and supply chain professionals were once again under tremendous pressure to keep pace with a never-ending stream of disruptions,” said ASCM CEO Abe Eshkenazi, CSCP, CPA, CAE. “Amid all these global challenges, it’s reassuring to see supply chain professionals remaining resilient and committed to their vital work and this dynamic industry.”

Flexibility and Strong Salaries

As many industries struggle with balancing return to work policies, supply chain professionals are thriving in the hybrid world created by the pandemic. According to this year’s report, two-thirds of supply chain professionals work in a hybrid or permanent work-from-home setting, demonstrating the flexibility that many in today’s workforce seek when evaluating career options.

Salaries and compensation continue to rise with survey respondents reporting an average of a 9% pay increase. Overall, total compensation has increased by an average of 12%, with the median package being just under $100,000. From a benefits standpoint, the report showed that paid time off is generous within the industry with nearly half (48%) of supply chain professionals reporting receiving four weeks or more of paid vacation.

 Pay Gap Continues to Narrow

For the second year in a row, the report showed that women under 40 earned more than their male counterparts in supply chain roles. Additionally, the overall gender pay gap among supply chain professionals continues to narrow with the upward growth of women in the industry. This year’s report found women aged 40 to 49 narrowed the pay gap down from 15% in last year’s report to 8% this year. While this shows growth for women within the industry, the report found an overall gap for women and people of color at privately held companies. At publicly traded companies, salaries are more equitable for both women and people of color.

“This year’s data is encouraging as we work to attract, develop and retain more diverse supply chain talent but these numbers also demonstrate there is more work to be done. I hope all organizations can redouble efforts to eliminate pay gaps based on gender and race,” added Eshkenazi.

Additional key findings from ASCM’s 2022 Salary and Career Report include the following:

  • Professional development pays off: Those with at least 1 APICS certification earn 25% more salary than those with no certification at all.
  • Strong Salaries: Respondents reported a median salary of $96,000 (base salary and additional compensation).
  • Quick Job Placements: 81% of new graduates found their job in the supply chain industry in three months or less. For professionals already in the industry, 67% found a new job within three months of beginning their search.

For more information on supply chain careers and education, please visit ascm.org/supply-chain-careers.

 About ASCM

The Association for Supply Chain Management (ASCM) is the global pacesetter of organizational transformation, talent development and supply chain innovation. As the largest association for supply chain, ASCM members and worldwide alliances fuel innovation and inspire accountability for resilient, dynamic and sustainable operations. ASCM is built on a foundation of world-class APICS education, certification and career resources, which encompass award-winning workforce development, relevant content, groundbreaking industry standards and a diverse community of professionals who are driven to create a better world through supply chain. To learn more, visit ascm.org.

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New Certificate Prepares In-Demand Warehouse Talent

 

 

It’s no wonder that positions on the frontlines of e-commerce are the number-one job on the rise right now. According to a LinkedIn jobs report, hiring for these roles has grown 73% year-over-year, and demand continues with more than 400,000 current openings. Plus, projections show that there will be as many as 600,000 more spots to be filled by 2029.

Warehouse clerks, material handlers, assemblers, forklift and machine operators, pickers, packers, truck drivers, and so many other warehousing professionals are the backbone of supply chains around the world. They ensure that products are connected with the people who need them. And amid skyrocketing e-commerce rates, these talented professionals are needed now more than ever before.

Walmart recently signaled its long-term investment in the field by putting out a call for permanent full-time and part-time order pickers, freight handlers, forklift operators, technicians and managers at more than 250 Walmart and Sam’s Club transportation offices and distribution centers. While in years past the company hired thousands of seasonal workers to support e-commerce operations, the current focus on permanent positions showcases the growing importance of expert distribution and delivery.

This demand for warehouse workers is consistent around the world too. Flipkart opened four new warehouses in India last month, creating 12,000 new job opportunities. In England, Europa Warehouse is having trouble finding the staff it needs to support its new high-tech facility. And nearly 80% of warehouse occupiers in the Asia-Pacific region plan to expand their real estate footprints within the next three years.

Become a warehousing employer of choice

Warehousing employers are well aware that competition for talent is fierce — and they’re rising to the challenge. Today’s warehouse jobs offer many perks, including a variety of shift options; flexible schedules; an average pay of $20.37 an hour; a diverse workforce; and opportunities to use high-tech equipment, such as automated storage and retrieval systems, automated guided vehicles, robots and more. Also, because of the supply-demand imbalance for workers, employers are offering hiring bonuses, wage hikes and tuition reimbursement. As a result of the “Great Resignation,” potential workers are looking for more than pay and benefits. They want to feel valued and have opportunities for career growth.

Perhaps the best way to show employees that they are valued — and worth investing in — is through education and upskilling. To that end, ASCM has launched a warehousing certificate program developed in partnership Prologis Inc., the global leader in logistics real estate, to prepare workers to fulfill the record number of warehousing jobs available now and in the future. The Supply Chain Warehousing Certificate program provides individuals with an extensive overview of warehousing, distribution, inventory management, product storage, packaging and shipment, sustainability and more.

This first-of-its-kind program includes a real-world curriculum with input from industry leaders. The 20-hour, self-paced, online course offers an extensive overview of warehousing, distribution, inventory management, product storage, packaging and shipment, sustainability, and more. The program is open to anyone, and ASCM can organize a tailored approach for groups of employees to support a corporation’s needs.

After passing the comprehensive final exam, participants will receive a printable certificate along with a digital badge issued by ASCM that can be displayed on their social media profiles. Earning this certificate shows employers that this individual has the knowledge and capability to effectively problem-solve and identify opportunities, handle shipping documents and tracking methods, improve order accuracy and efficiency, use inventory management systems, manage holding costs, make effective decisions about transportation carriers, understand KPIs, follow environmentally sustainable work practices, and Apply different performance metrics to measure the success of a facility in the warehousing and distribution industry.

Although the program is primarily designed for entry- and mid-level warehousing workers, it also provides critical knowledge for those already working in sourcing, purchasing, supplier relationship management and contract management. By earning the certificate, these team members can gain a better understanding of roles and cross-functional operations. Plus, when leaders are more attuned to warehousing best practices, they can guide their supply chain organizations to success.