Subscribe to our free, weekly email newsletter!


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 Patrick Burnson, Executive Editor
April 22, 2011

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

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

When railroads are doing business with a larger than large customer like UPS, it stands to reason, it can often be the best, and worst, of both worlds, depending on how things are going. That was one of the main takeaways from a presentation by UPS Vice President of Corporate Transportation Services Ken Buenker at this year’s RailTrends conference in New York.

While many market conditions are working against shippers, the most recent edition of the Shippers Condition Index (SCI) from freight transportation consultancy FTR shows that things may be improving, albeit slowly.

Newsroom Notes takes a look at some of the biggest stories and themes in logistics for 2014.

Even though China’s costs have risen and the U.S. has now surpassed Mexico as the preferred locale for relocating offshored manufacturing, advantages can be fleeting and the challenges great

Memphis-based FedEx reported solid fiscal second quarter earnings results today. Quarterly net income of $616 million was up 23 percent annually, and revenue, at $11.9 billion, was up 5 percent. Operating income at $1.01 billion was up 22 percent.

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