(Supply Chain Digest)
If you can manage to make it to the top of a company’s procurement organization, the financial rewards will be substantial and are growing fast than inflation. That is the headline news out of another annual compensation study from CAPS Research, an arm of the Institute for Supply Management.
CAPS, in association with recruiting company Korn Ferry, recently released results for its annual study, based on an executive survey of chief procurement officer compensation levels. Total average compensation was a whopping $464,756, consisting of $287,151 in salary and an average bonus of a nice $180,002.
Median compensation (half above, half below) was slightly lower, coming at $409,000.That was based on a salary of $270,000 and bonus of $139,000. Click here to read more.