2011-2012 Supply Chain and Logistics Employment Market Survey Report Released

by From the Top on 2011-11-25 22:47:58

Global executive search and recruitment company, Logistics Executive announced today the launch of their fifth consecutive Supply Chain and Logistics Employment Market Survey (EMS) Report which was completed by just under 4,000 respondents worldwide.

According to Mr Kim Winter, Chief Executive Officer, Logistics Executive, the 2011-2012 EMS report highlights key issues that have influenced the international Supply Chain and Logistics industry during a period of significant economic uncertainty in the northern hemisphere and continued growth in key southern hemisphere markets.

Business growth trends continue; some slow down expected
“About 67% of this year’s survey respondents indicated that there had been business growth during the previous year; this is similar to the result from last year indicating consistent growth across most markets surveyed. Predictions for growth over the next 12 months are down slightly, with just over 75% of respondents predicting growth compared to 80% previously. Approximately 16.50% of this year’s respondents said they expected business levels to remain static,” Mr Winter said.

Continued upward pressure predicted for salary wage levels
“Wages and salaries are again predicted to increase in line with the demand for executive talent and the expectation of continued economic growth, particularly in key markets across the APAC region. Upward pressure on remuneration packages is particularly felt in the areas of highest economic growth such as North Asia, South East Asia, and the Indian Sub Continent,”
 
“Australia continues to experience a ‘two speed’ economy with the continuing Resources and Energy boom driving double digit growth in Western and North Eastern Australia, leading to significant Executive Talent shortages across the wider supply chain. While other areas of the country and sectors of the economy experience slower single digit growth.” he said.

This year 40.97% of respondents received pay increases of more than 10% compared to 22.25% in the previous survey. 51.87% of those surveyed are expecting salary increases of 10% or more in the year ahead by comparison to 48.38% previously. These results suggest continued upward pressure on salary and wages.

Career development drives relocation
Whilst career development remains the highest driver of employment decisions in the 2011-2012 results at 26.89%, salary follows closely in second at 20.84%. Job security and company values follow respectively at 15.32% and 15.22%. These four drivers outweigh all of the other results and are the most important reasons as to why people join organisations.

Relocation for Career Development continues to rank highly with 93.78% of the total respondents indicating that they would relocate for work and 53.96% indicating that they would relocate internationally if the opportunity arose. 32.53% of respondents in fact indicated that career development is their sole reason for relocation, followed by 21.08% who relocated for salary considerations.

These results reinforce previous year’s survey findings that employees continue to change roles more for personal development than salary considerations.

Corporate Social Responsibility (CSR) focus maintains momentum
“Our previous Survey results have shown that respondents consider Corporate Social Responsibility (CSR) is as a key business consideration. The 2011-2012 results indicate CSR continues to be a priority with about three quarters of those surveyed identifying this issue as a focus within their organisation, continuing the upward trend shown in each year since our first Survey in 2006,” Mr Winter said.

Executive Talent Shortages seen as a major challenge
CEO’s and Directors surveyed were asked to identify the key challenges to their businesses for the 12 months ahead, results showed Profitability, Customer Satisfaction, Productivity, Leadership Management, Sustainability, Retaining Talent, Financial Restraints, followed by Attracting Talent was ranked in that order.

When asked to identify external factors they expected to impact their business in the next 12 months CEO’s and Directors predicted Financial Markets, Executive Talent Shortages, Fuel Prices followed by Economic Slowdown in level of importance. Results from HR executive’s perspective indicated the three areas of most concern are Talent Retention, Talent Attraction, and Leadership Development, these being of almost identical ranking followed by Training and Managing Risk.

For more information on the 2011-2012 Supply Chain and Logistics Employment Market Survey Report contact Logistics Executive on ems@logisticsexecutive.com