30th Annual Salary Survey: Reeling in the talent
April 01, 2014
According to the findings of Logistics Management’s (LM) 30th Annual Salary Survey, young logistics managers are being wooed by competitive offers from large companies that come close to matching those of high-tech, finance, and engineering industries.
At the same time, however, median earnings remain in line with those posted last year, indicating that veteran logistics managers should not expect the same pay incentives. Our survey reveals that while some senior executive positions showed substantial increases over last year, older managers may have seen their salaries peak by age 54.
This year’s report, conducted by Peerless Research Group (PRG), reconfirms findings from last year that young professionals can make the most of their fast track offers by continuing to enhance their career planning before hitting the wall in their 50s. Management peers will be raising the bar, however, expecting aspiring workers to demonstrate thought leadership when in comes to the introduction of new technologies and strategic human resource initiatives.
This year’s median salary range for managers in the 45-year-old to 54-year-old range topped off at $101,500, but older managers in the 55-year-old to 64-year-old category still comprise 33 percent of the leadership workforce, earning a median salary of $92,000.
Job satisfaction continues to hold sway with veteran managers, who may be seeking to find balance in their lives as they reach the end of their earning cycle. But that doesn’t mean that the job is becoming any easier.
Seventy-seven percent of our respondents say that the number of functional roles they’re fulfilling on the job has increased again—an alarming fact that reveals more and more pressure being placed on an already exhausted workforce that says it’s been doing more with less for the last six years.
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