Subscribe to our free, weekly email newsletter!


30th Annual Salary Survey: Reeling in the talent

Our 2014 survey finds that large companies are boosting their initial salary offerings for new hires by as much as 10 percent. Will this trend help close the logistics talent gap?
By Patrick Burnson, Executive Editor
April 01, 2014

Joel Sutherland, managing director of the Supply Chain Management Institute at the University of San Diego says that there is clear frustration related to staying in the same position or job function for too long—if not for an entire career.

“This can lead to employee turnover when they search outside to gain a richer supply chain experience,” Sutherland says. “Companies, large and small, need to provide and communicate a clear advancement plan for their employees if they want to retain this talent. As evidence, it appears that 69 percent of the LM salary survey respondents are either passively or actively looking for new opportunities.”

Mike Burnette, associated director of The Global Supply Chain Institute at the University of Tennessee, Knoxville, says that sincerity and recognition of what it takes to keep logistics managers happy is also changing.

According to Burnette, many logistics leaders scratch their heads trying to figure out the new supply chain recruits, those we define as Generation Y, born between 1977 and 1994. “They’re a diverse, technology-wise, and sophisticated generation. To keep them engaged, given their shorter attention spans, Generation Y must be challenged.”

And because the survey clearly conveys respondents’ strong desire to raise their salaries, employers should encourage them to pursue ongoing education, says Dr. Bruce Arntzen, executive director of the supply chain management program at the MIT Center for Transportation & Logistics.

“Staying ahead of the learning curve will keep young logistics managers on a positive salary trajectory,” says Arntzen. “This year’s survey clearly points to that trend.”

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico increased 4.4 percent from August 2013 to August 2014 at $100.6 billion.

As expected, global trade dipped from August to September but still saw annual gains, according to data issued this week by Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

Transportation and logistics merger and acquisition (M&A) activity in the third quarter saw annual gains, which were driven by smaller deals in the trucking logistics, shipping, and passenger air sectors, according to data issued in the Intersections report by PwC this week.

With the holidays rapidly approaching, it appears retailers are not quite done getting inventory set up and on the shelves in time for what is expected to be a fairly active shopping season. That much was evident based on recent data for September volumes issued by the Port of Los Angeles (POLA) and the Port of Long Beach (POLB).

Join Industry Expert Adrian Gonzalez for this educational webinar on the tenets and the benefits of Closed-Loop Operational Management. You’ll learn how Closed-Loop Operational Management optimizes orders, inventory, and transportation concurrently, and how it is able to optimize large-scale problems on a daily basis.

Article Topics

Features · April 2014 · Salary Survey · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA