Logistics Management’s annual salary survey webcast yields new observations

In a wide-ranging and animated dialogue, the three experts also shared their advice with management: Don’t take your people for granted.

By ·

Given the heightened awareness of risk in the supply chain, academics and career advisors are telling young professionals to take on more education as they climb the corporate ladder.

“We are now placing a greater emphasis on critical thinking in our curriculum,” said Dr. Theodore P. Stank, Bruce Chair of Excellence in Business, University of Tennessee. “That includes learning the ‘soft’ skills of management and leadership.

Stank was one of three industry experts involved in this week’s webcast, “Logistics Management 27th Annual Salary Survey: Ready to Move Up.” The on-demand event is archived on this site, and is now available to registered readers.

Joining Stank, was Jarrod Goentzel, Ph.D., and executive director of the MIT Supply Chain Management Program, and Lynn Failing, vice president of Kimmel & Associates, Inc., a national executive search firm specializing in the logistics and supply chain industries.

“To fully cope with risk in the supply chain, people need to have a more diversified education,” said Goentzel. “That means being able to speak the language of finance as well as supply chain management.”

Failing agreed, adding that professionals should also take advantage of any opportunity to learn on the job.

“If you are managing a supply chain, then learn something about procurement,” he said. “And if you are in procurement, learn something about transportation. It’s all part of an integrated operation that helps the bottom line.”

Stank also shared an observation that championed education as an ongoing pursuit.

“Machinery and technology can become obsolete in a short time, but the same is true of people in the workforce. Unless you continue to grow and take on new responsibilities a person becomes stale and vulnerable,” he said.

In a wide-ranging and animated “round table” dialogue, the three experts also shared their advice with management: Don’t take your people for granted.

“Our job candidates are interviewing companies just as hard as the companies interview them,” said Goentzel. “And the best will demand that they are given a solid career path that includes opportunity to advance.”

Failing agreed, noting that companies have a chance to “mentor” the most promising new hires so that they will remain with the company.

“Young people want more from a job than just a good salary,” he said. “They demand a different lifestyle balance, and insist that the corporate culture is one that they can be proud of.”

For related articles click here.


About the Author

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 [email protected]

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!

Latest Whitepaper
Private Fleet vs. Dedicated: Which one is right for you?
Having the right fleet for your business can give you an advantage over the competition and lower transportation costs.
Download Today!
From the April 2017 Issue
While adoption rates have remained relatively flat, yard management systems (YMS) are helping logistics operations turn that important space between the loading dock and the gate into a vital link in the supply chain.
Information Management: Wearables come in for a refit
2017 Air Cargo Roundtable: Positive Outlook Driven by New Demand
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Maximize Your LTL Driver Adherence with Real-time Feedback
This webinar shows how companies are using real-time performance data to optimize the scheduling of their city fleets, as well as the routing of their standard, accelerated and time-critical shipments.
Register Today!
EDITORS' PICKS
2017 Salary Survey: Fresh Voices Express Optimism
Our “33rd Annual Salary Survey” reflects more diversity entering the logistics management...
LM Exclusive: Major Modes Join E-commerce Mix
While last mile carriers receive much of the attention, the traditional modal heavyweights are in...

ASEAN Logistics: Building Collectively
While most of the world withdraws inward, Southeast Asia is practicing effective cooperation between...
2017 Rate Outlook: Will the pieces fall into place?
Trade and transport analysts see a turnaround in last year’s negative market outlook, but as...