Tuesday 21st April, 2015

According to The Chartered Institute of Procurement & Supply's (CIPS) latest salary guide with recruiting experts Hays Procurement, in the last 12 months the procurement profession enjoyed pay increases at 2.5% which were higher than the national average of 1.7%.

Overall, 61% of procurement professionals received a pay increase in the past 12 months. Some roles have seen higher wage increases than average; at the most senior level, Procurement Directors reported salary increases of 3.3%, while Assistant Buyers saw the greatest overall increase at 4.2%.

Some industries saw higher salary growth, with professional and business services employees reporting 5.4% pay rises on average, compared to a private sector average of 3.4%.

Nicky Taberner, Director at Hays Procurement, commented: "At Hays we have seen an increase of over 40% this year in the number of procurement vacancies registered. While this is good news for employees, it means increased competition for employers to attract the skills they need to continue to raise the profile of procurement and cement its position in the boardroom."

"Organisations are also recognising the need for procurement to demonstrate leadership to their customers, supply chains and internal stakeholders, leadership which can only be achieved, according to Tony Payne, Group Head of Industrial Policy and Supply Chain Management, MBDA Group, through "fostering the culture and demonstrating the appropriate collaborative behaviours to find better and more efficient ways of working to maximise opportunity."

The Salary Guide and Procurement Insight Report 2015 benchmarks salaries and bonuses for different roles and profiles and offers insight into career paths within procurement. Over 3000 professionals in the UK, completed the survey, including 1400 CIPS members.