Purchasing

Mary Walker

Salary data available
May 25, 2007

Talk about money? ISM’s second annual salary survey yields data on total compensation and confirms education-and-gender-based salary differences.

The summary report is available to the public, and a detailed report is available to ISM members and available for purchase by nonmembers at www.ism.ws.Select Tools/Info Center.

Average annual compensation for supply management professionals for 2006 was $88,380.There is a big gap between the highest paid professional at $247,685. to the buyer at $61,645.Many companies base their salaries on the area of employment.

I am not sure where the this information is pulled from.You could be doing the same job, however be paid less if you were in a little town in Texas compared to the great Dallas-Fort Worth metropolitan area.Also the gross revenue of the company plays a big factor in what you draw for a salary.

It is still irritating that women lag behind their male counter parts salary wise.The average salary for women was $71,307. and average salary for men was $98,550.

They say men and women are equal.This is not equal.

This really surprises me as everybody says “Money Talks”.Although salary is one vital aspect of a job, job satisfaction was ranked as the most important factor in overall satisfaction of a career.I have never understood “job satisfaction”. Does it mean that whatever you are responsible for, you handle it well, and you have job satisfaction? Are does it mean if you make big decisions, negotiate with major suppliers and you are a major player in the operations of the company, you have that feeling of satisfaction.Whatever your tasks, if you do them well and to the best of your ability, should be a feeling of accomplishment and job satisfaction.

Wages placed second and work environment came in third.Many studies have been made on your productivity compared to the work environment.I can relate to that. I don’t even have a cubicle; it is an open work environment. What is worse, people use the room as a hall to the restrooms. It is one of the things you complain about but no one listens. Until you actually work in an open environment, you have no pity.

Other factors that were important were pension/retirement plan, health-related benefits, insurance-related benefits and bonuses. Many small companies have been forced to do away with these benefits.If you receive these benefits where you work consider this a big plus. Health care costs continue to rise.

Job satisfaction depends greatly on the people you work with and your company’s values.

As they say “It is not always greener on the other side of the fence.” Don’t take these benefits for granted; they cost your employer money.

Posted by Mary Walker on May 25, 2007 | Comments (0)