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ISM® Salary Survey Reveals Wage Growth Amid High Demand for Supply Management Talent
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TEMPE, Ariz., July 30, 2021 /PRNewswire/ The sixteenth annual Institute for Supply Management
®
Salary Survey revealed a promising outlook for supply management practitioners, despite a 2020 marred by layoffs, furloughs and limited bonus pay. The average overall compensation in the supply management profession was up for a seventh consecutive year.
ISM® s 2021 Salary Survey for Supply Chain Management
Conducted between May 12 and 30, 2021, the survey highlights that average wage growth for supply management practitioners continued a trajectory, with average overall 2020 compensation reaching US$124,021, a 0.6 percent increase compared to 2019 (US$123,226). However, because of the pandemic, this increase in the average salary was smaller compared to the change that was seen in the previous year (+3.3%).
As a follow up to survey results released on March 11, 2020, April 14, 2020 and July 20, 2020, today Institute for Supply Management® (ISM®) released its fourth round of dedicated research on COVID-19 impacts on businesses and their supply chains. Insights reflect input gathered by ISM®, primarily from U.S.-based respondents between December 22, 2020 and January 11, 2021.
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