How EIPM conducted the Salary Survey.
This on-line study aims to provide descriptive statistics on compensation patterns of individuals from the purchasing function. The population surveyed represents a wide spectrum of buying responsibilities, industries, and buying backgrounds. The research provides a predictive benchmark of compensation patterns related to a number of demographic variables (such as age, gender, educational background, work experience etc) and their firms (purchasing spend, industry).
Profile of the majority or average Respondent
Location
Europe: 85%
Out of Europe: 15%
Industry Sector
Automobile: 18%
Chemicals: 10%
Pharmaceutical: 8%
Industrial Equipment: 7%
Gender
Male: 85%
Female: 15%
Highest Degree
Masters Degree: 46%
MBA: 24%
Bachelors Degree: 12%
Initial Education
Purchasing Supply Chain: 40%
Engineering: 23%
Logistics: 10%
Age
36-40 yrs: 24%
31-35 yrs: 23%
41-45 yrs: 18%
Experience in Company
<5yrs: 41%
5-10yrs: 33%
Experience in Purchasing
<5yrs: 28%
5-10yrs: 37%
>10yrs: 35%
Work Level
Group Level (worldwide): 37%
Group Level (regional): 22%
Position
Lead buyer (Group Level): 21%
VP Exec (Corporate Level): 16%
VP Coordinator (Corporate Level): 12%
Other Functional Experience (apart from Purchasing)
Supply chain: 30%
Sales: 11%
R&D: 9%
Manufacturing: 8%
Gross Salary Profile (Majority findings)
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Company Size
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> 25,000 employees
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> 100,000 employees
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Purchasing Spend
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Gender
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Male
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Male
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Age
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36-40 years
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> 46 years
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Experience in Purchasing
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10-20 years
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> 20 years
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Experience with current employer
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10-20 years
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> 20 years
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Scope of work
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Group Level (Regional)
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Corporate level (worldwide)
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Position
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Purchasing Internal Consultant & VP Country level
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VP Corporate level
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Education
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Bachelors degree
Masters degree
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MBA, Doctorate PHD
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Other functional experience
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R&D, Technical information development, Supply chain
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General development
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Bonus Profile (Majority Findings)
Those who received Bonus:73% of total respondents
Bonus Percentage
- + 10% of salary: 51% of respondents who receive bonus
- + 20% of salary: 26% of respondents who receive bonus
Composition
- Cash:53%
- Stock Option:16%
- Profit sharing:16%
- Car:15%
Bonus Policy of the Average Organisation
- Company Overall Results: 1st Piority
- Personal Achievement: 2nd Piority
- Departmental goal achievement: 3rd Piority
Salary Benchmark (Majority Findings)
1. Gross Salary (€) relative to purchasing experience
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Gross Salary (€) relative to purchasing experience
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Less than 5 yrs
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5 to 10 yrs
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10 to 20 yrs
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more than 20 yrs
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VP executive |
69,799
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64,898
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71,891
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73,942
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Lead Buyers |
37,858
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41,207
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45,296
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47,980
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|
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Project Buyers |
37,972
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37,659
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47,142
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67,436
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|
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Buyers |
28,208
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37,166
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44,413
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46,500
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2. Gross Salary (€) relative to experience with current company
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Gross Salary (€) relative to experience with current company
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Less than 5 yrs
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5 to 10 yrs
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10 to 20 yrs
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more than 20 yrs
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VP executive |
75,309
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56,246
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71,064
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78,977
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|
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Lead Buyers |
38,418
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40,571
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42,364
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54,088
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|
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Project Buyers |
42,723
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38,034
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45,442
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37,500
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Buyers |
30,881
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31,351
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36,851
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39,240
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3. Gross Salary (€) relative to Gender
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Gross Salary (€) relative to Gender
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Female
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Male
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VP executive
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51935
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71122
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Lead Buyers
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39591
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41510
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Project Buyers
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42822
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39355
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|
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Buyers
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36280
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31293
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4. Gross Salary (€) relative to Industry
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Gross Salary (€) relative to Industry
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Automotive
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IT
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Mechanical Equipment
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Services
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Pharmaceutical/ Chemical
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Others
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VP executive
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95306
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94491
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88692
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117073
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113308
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107718
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Lead Buyers
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55414
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58381
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57170
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46320
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65907
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58224
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Project Buyers
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44067
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50951
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61767
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48500
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63520
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58938
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Buyers |
35448 |
49667 |
46995 |
26000 |
49512 |
46886 |
Online Salary Benchmark
By early march this year, you may login on our EIPM website, www.eipm.org, for a personalised benchmark of your salary, you just need to identify several perimeters (age, gender, industry, years in purchasing etc) to compare your actual salary with our European Benchmark salary for the purchasing function.
For the complete salary survey report, please kindly contact Antonella Nurra, Tel: +33 (0)4 50 31 56 71, Email:
anurra@eipm.org
