Average Salary Logistics Manager
Average Salary Logistics Manager – Supply chains have been under constant pressure over the past few years, but while COVID-19 has caused the Great Retrenchment in America, that massive influx of talent hasn’t happened yet. a supply chain.
The 2022 Supply Chain Salaries and Careers Report by the Association for Supply Chain Management (ASCM), released this week, found that salaries for supply chain professionals are rising, job satisfaction is rising and profits are flat. a year more.
Average Salary Logistics Manager
ASCM found that 14% of those surveyed had taken on a new job in 2021, up from just 2% from last year’s survey. On the other hand, a March report from Willis Tower Watson’s Global Benefits Attitudes Survey 2022 found that 33% of American workers said they were looking for a new job in the fourth quarter of 2021. The Bureau of Labor Statistics said that people 47 million have left their jobs voluntarily. in 2021.
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However, within the supply chain, that mass flow has not yet arrived, according to ASCM, even as labor pressures increase. Organizational research has suggested that supply chain organizations have a better work-life balance and higher wages than traditional jobs.
The survey surveyed 2,379 US workers in positions ranging from warehouse workers to management-level professionals. The companies represented ranged from less than $25 million to more than $50 billion.
ASCM also collected data from 14 other countries and presented it alongside US data in the report. Industries covered included aerospace, automotive, chemicals, consumer goods, government and military, industrial and manufacturing, pharmaceuticals and health care, retail, technology and transportation and logistics.
The survey found that 40% of those who found new jobs cited a higher salary, while 20% chose a healthy work-life balance and another 20% mentioned flexible work arrangements. 60 percent said their company provided a good work-life balance, and 60 percent said they were encouraged to take time off. Nearly half (48%) of supply chain professionals receive four weeks or more of paid vacation time.
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More than a third (79%) said their company offers flexible work arrangements, and 20% said their company increased the number of paid holidays in 2021.
Average supply income grew 9% in 2021 and total compensation rose 12% to $96,000 per year. Additional compensation was received by 71% of respondents, of which 60% was in the form of cash bonus, 13% profit sharing, 8% incentive and 7% overtime. The median additional compensation was $8,000.
Base salaries ranged from $55,000 for the 10 percent to $150,000 for the 90 percent. The 50th percentile earned $88,000 in earnings.
Overall, 79% of respondents reported a salary increase in 2021, compared to only 59% who received a raise in 2020. Salary growth was 9%, ASCM said, compared to 6% in 2020. More than a third of respondents say. an increase of more than 8%, while 15% said it was more than 15%, and 20% indicated an increase between 8% and 15%. Forty-two percent of respondents received an increase of less than 3.9%.
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As with most positions, experience played a part in the average salary. Although the average entry salary was still the same as $60,000, the more experience a person had led to a bigger increase. Someone with 20 or more years of experience increased their average salary from $115,077 to $125,191 per year. In general, the increase is from 9% to 10%, with children aged three to four showing the smallest increase, from $68,000 to $72,625.
One change that the COVID-19 pandemic has caused around the world is a greater focus on income inequality and equity. Within the supply chain, women are still paid less than men, but the ASCM report found that while the overall wage gap will widen by 2021, some progress has been made.
According to the survey, women under 40 earned more than men, but those between 40 and 49 still took home 8% less on average. It is down from 15% below 2020. The income gap for those aged 50 and over has widened.
The wage gap was 13% in the 2017 survey before falling over the next few years until it reached 2% in 2020. However, it rose to 6% last year even as the number of compensation is rising. Women earned an average of $85,000 in 2021 compared to $90,000 for men.
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By age, the earnings gap was 15.7% for those over 60; 28.5% for those 50-59; 7.5% for those 40-49; and 0.4% for those 30-39. For those aged 20-29, women actually outnumbered men by 5.4%.
When race and ethnicity were taken into account, black men outearned black women by $84,000 to $81,000, and white men saw a larger wage gap, averaging $90,000 in compensation compared to $85,440 of white women. Among Latinos, earnings were better for women, who earned $87,000 compared to an average of $85,000 for men.
Looking at the overall difference in wage gaps, ASCM found differences between public and private employers. Women earned more overall in the public sector ($96,000 vs. $92,000), while men were paid more in the private sector ($86,450 vs. $77,719).
In the public sector, Hispanic employers raised the median wage to $102,000 compared to $92,000 for white workers and $88,500 for black workers. In the private sector, blacks earned $85,000 compared to $78,000 for Hispanic/Latino and white workers.
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Finally, the ASCM survey asked respondents several other questions, including what technical skills they need in their jobs. Despite increasing automation in the supply chain, only 25% said expertise in artificial intelligence, the Internet of Things, and robotics is a top skill . Risk management is cited by 40%, while 55% say project management, 59% say asset management and 60% say best practices.
Professional development was also a key factor in compensation, with each certification generating $10,000 or more in annual salary. Those with a bachelor’s degree earned $108,000 compared to $84,000 for those with a bachelor’s degree and $66,811 for those with a master’s degree. More than half of supply chain professionals (54%) have a bachelor’s degree or higher, and the median salary of $84,000 is 15% higher than the average salary of $72,830 for a comparable degree.
Brian Straight leads the Modern Shipper brand as Editor-in-Chief. A graduate of the University of Rhode Island in journalism, he has covered everything from presidential elections to professional sports and Little League baseball, and covered transportation and property for more than 10 years. Before joining, he was responsible for the editorial quality and production of Fleet Owner magazine and fleetovner.com. Brian lives in Connecticut with his wife and two children and spends his time coaching his son’s baseball team, playing golf with his daughter, and pursuing his lifelong passion. of being a football player. You can contact him at [email protected]Logistics Manager Average of Salary $74,702 per year. To create our wage estimates, we start with data published in publicly available sources such as the US Bureau of Labor Statistics (BLS), Foreign Worker Certification Data Center (FLC) Show more
Property managers earn an average of $74,702 per year or $35.91 per hour in the United States. Logistics managers at the bottom end of that scale, the bottom 10% to be exact, earn about $52,000 a year, while the top 10% earn $106,000. Location affects how much a property manager can expect to earn. Property managers earn the most in Washington, Michigan, Wisconsin, Minnesota and Oregon.
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Although a property manager can make an average salary of $74,702 per year or $35.91 per hour, there are many opportunities for property managers to earn more. For example, in Seattle, Washington you can earn $97,617 per year. Other high paying locations include Milwaukee, VI, Washington, DC and Portland, OR. If you’re entry-level, your best bet is to move to Seattle, Washington, where the average starting salary is $67,000. The highest paying states for property managers are Washington, Michigan and Wisconsin. Meanwhile, Wyoming, West Virginia and Nebraska offer the lowest wages.
The highest paying companies for asset managers are Apple and Meta according to our latest earnings estimates. Additionally, companies such as Google and Applied Materials report highly competitive salaries for material managers.
Here are examples of how asset managers’ salaries can vary based on different industries: The technology industry pays asset managers an average salary of $84,622 The retail industry pays $82,204 The lowest paying industry for managers owned by the government. Property managers in this industry earn an average salary of $56,937
Washington pays the highest for property managers in the United States, with an average salary of $96,586 per year, or $46.44 per hour.
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You know if you are being paid fairly as a property manager if your salary is close to the average salary of the country where you live. For example, if you live in Michigan, you should be paid close to $90,413