Procurement & Supply Chain Salary Guide



We have seen an increase in permanent staffing demand since early December; we hope this is an early indication of a strengthening employment market for Procurement and Vendor Management professionals in 2024.

2023: For most of last year, we saw a subdued and largely flat job market in Procurement, Vendor Management and Supply Chain disciplines, with moderate activity reflecting many clients’ cautious approach to staffing investment amid geopolitical and economic uncertainty. Historically we have seen that Procurement and Supply Chain staffing activity does not always echo overall UK economic and job market performance, and despite somewhat discouraging forecasts for UK economic growth and UK jobs, we are expecting some growth in our sector as we progress through 2024.

2024: We have seen a welcome increase in demand for Procurement and Vendor Management staff through December and January, with more of our clients looking to recruit new talent to bolster their procurement and supply chain capabilities. Demand for skilled Procurement, Vendor Management and Supply Chain People remains strong, and increased awareness and focus on the contribution of high performing procurement functions, do point to an optimistic outlook for talented and ambitious Procurement and Vendor Management Professionals in 2024.

Procurement and Vendor Management salaries have been driven up by underlying wage rate inflation, and competition for suitably experienced and qualified professionals has contributed to further pay increases. Changes in job roles, based on technology and future AI transformation, point to technologically savvy, flexible, and category expert procurement and vendor management professionals being in high demand; and opportunities for these people will be significant. Finding, attracting and securing this talent will remain the biggest challenge for many employers in the oncoming year.



The table provides Salary Ranges for various levels of Procurement & Supplier/Vendor Management specialists ~ focusing on ‘Indirect’ Specialists in FTSE100/250 & Fortune 500 organisations.
(Source: Beaumont Select Clients 2023 analysis & other market analysis)

Procurement & Vendor Management Salary Table Jan 2024


There remains significant disparity in salaries and job packages across industry sectors; although there are plenty of exceptions as the race for talent has become more intense. Increased hybrid working options have helped reduce geographical differences slightly, but salaries offered, primarily reflect regional cost of living, housing availability, comparative regional employers salaries offered, and industry sector.


  • SALARIES are usually the highest than in any other sector.
  • BONUSES in these sectors remain higher than the industry average and could be 30% or more at senior levels, usually based on a combination of individual and company performance. At Category Manager level, the total bonus potential is more likely to be at circa 10-20%, but this can vary significantly between organisations.
  • COMPREHENSIVE BENEFITS PACKAGES are offered, although a company car is not usually included due to central London locations.
  • Hybrid working is usually available, but many of these firms require employers to be in the office a minimum of 3 or 4 days a week.
  • Main Locations: Almost all Central London


  • SALARIES and PACKAGES/BONUSES fall a little way behind Investment Banking, Hedge Funds and FinTech.
  • Bonuses are normally in the 10% to 25% range, but packages don’t usually include a car allowance.
  • Hybrid working is available, but many of these FS firms require their employees to be in the office a minimum of 3 or 4 days a week.
  • Main Locations: Mainly London, Manchester, M4 Corridor, Other


  • SALARY, PACKAGES and BONUS are often very strong, although there is quite a variation across the sector. Pharma offers some of the best overall employment packages, with good and consistent bonus potential, share options as well as competitive pension and benefits. A company car or car allowance is usually included. Hybrid working options are usually good.
  • There is the sense that the credibility and desirability of working in this sector has increased since pandemic; and this sector continues to attract and secure the very best talent.
  • Main Locations: UK Wide 


  • There is quite a wide variety of salary rates across the IT and Technology sector, however most packages come with car/car allowances and reasonable bonus potential and additional benefits. Big Tech Firms’ post pandemic layoffs slowed sector salary growth in 2022/23, but there are indicators that demand for new technologies and AI, will strengthen demand in 2024 and onwards.
  • Main Locations:  London, M4 Corridor and UK Wide 


  • Traditionally rates in this sector have not been as high as others, however retail organisations needed to change their business models to reflect trends to online shopping and restructuring their supply chains after pandemic and other geopolitical upheavals. We saw rates rising in 2023.
  • With the retail supply chain model changing so fast, supply chain efficiency, security and corporate responsibility are key issues in this sector, with strong salaries & packages offered for professionals with these skills.
  • Challenges in global supply chains has led to a demand for Technology and IT procurement professionals that can challenge traditional supply chain models and create innovative solutions to improve supply chain security, visibility, sustainability and reduce risk.
  • Main Locations: UK Wide 


  • SALARIES are usually below those in the Technology sector.
  • BENEFITS PACKAGES are usually competitive and often a car allowance will be included, particularly for more senior roles.
  • The unprecedented supply chain challenges during, and post pandemic, drove up demand for exceptional supply chain professionals to resolve UK and global supply chain component, raw materials and labour shortages. This sector was hard hit during and post pandemic, but sector pay is strengthening, particularly in Automotive which has seen a strong revival in 2023 and we anticipate this continuing through 2024.
  • Main Locations: UK Wide


  • We have continued to see uplift in salaries with demand partly led by renewables sector growth.
  • Traditionally salaries in this sector have not been quite so strong, but we are seeing rates improving to attract the level of talent needed.
  • Good hybrid working options, pensions and benefits are the norm.
  • Main Locations: UK Wide


  • SALARIES & BENEFITS packages usually fall significantly below other sectors; however, we have seen a slight increase in salaries as many organisations recruit higher level procurement professionals with the aim of making the organisation more commercial.
  • Addition of things like London weighting and additional market supplements to bring salaries up are more common, but salaries remain well below market rate.



  • DIGITAL TRANSFORMATION specialist demand will remain high, candidates who understand data analytics and emerging AI technologies, will be especially well placed to secure competitive salaries and packages. Candidates that combine strong digital experience with traditional procurement or SRM skills will be in strong demand. The pandemic accelerated many companies’ digital transformation plans, changing the working landscape enormously in a brief time.  Rapid advancement in information technologies supporting effective supply chain management, driven by recent economic and geopolitical challenges, and the emerging influence of AI, are clearly shaping the categories and skills needed by procurement and vendor management professionals.
  • INFORMATION TECHNOLOGIES: SAAS, Software, Cyber, Apps Development, Hardware, Datacentres, Infrastructure and Networks specialist category demand will remain high~ required across most sectors, but we have seen the greatest demand within FinTech, Utilities, Pharma and Logistics & Supply Chain organisations. Businesses are having to very rapidly change their work and supply chain models to ensure competitivity, and technical ‘hit the ground running’ procurement specialists across most Hardware and Software categories, are in strong demand.
  • DIGITAL MARKETING specialists required across almost all sectors, although changing working and customer interfacing methods in Banking, Retail and Pharma sectors have seen the greatest demand. The Pandemic brought a rapid and unprecedented change in how business market, supply and buy, and the demand for people that can define and implement these new digital marketing systems has seen a significant increase in the demand for category specialists in this area.
  • HR category specialists: Changing work pattern and the challenges of securing the best talent led to an urgent increase in demand for HR specialists in 2023, particularly within Managed Service Providers and Recruitment sectors.
  • LOGISTICS category specialists. Ongoing geopolitical and economic instability continue to focus the necessity for effective and innovative logistic and supply chain strategies, which require talented logistics category and supplier specialists to support them.
  • SUPPLIER RISK, SUPPLIER GOVERNANCE & SUSTAINABILITY specialists have been highly sought after, and we believe demand in these disciplines will continue to increase.Demand for Supplier Management specialist with solid Supplier Risk Management experience is very strong, and candidates with a relevant experience in Fraud, Quality, Compliance, Cost and Delivery strategy and implementation continue to be snapped up fast. Procurement and supplier management professionals with proven skills in de-carbonisation are also highly prized.




Last year we saw permanent salaries for procurement and supplier management professionals increase slightly, ahead of average wage inflation but with some categories and disciplines showing a more pronounced increase, particularly mid-level Category Managers (HR, Marketing, Digital, IT and Professional Services) and Senior Global Category Lead levels (Technology, Professional Services & Legal Services).

This year, we anticipate a similar pattern, with overall salaries for Procurement and Vendor Management professionals, rising marginally ahead of UK average wage growth. Procurement and Vendor Management professionals with scarce skills and critical category experience will continue to secure higher than market average salaries and packages, pushing up wages in some specific disciplines and industry sectors.

Amid continued geopolitical and economic uncertainty, recent employer surveys suggest that many employers remain cautious towards significant permanent workforce investment, a challenge when the need for talented procurement and vendor management professionals to support high performing procurement functions is as acute as ever.  Balancing employers’ recruitment budgets with a skills short market will continue to be a significant challenge for employers and recruiters this year. Employers that need to attract the very best talent, should carefully consider their employer brand proposition; their on-boarding processes, and their salary and benefits packages (particularly hybrid working option) against other employers and their own and other sectors, to ensure they attract and secure the skills that they need.

Most Procurement & Vendor Management professionals, see economic uncertainty less of a hindrance and more an opportunity, where most wish to develop their skill sets and talents in an environment where their specialist experience and skills are truly recognised and rewarded. Where organisations do not support these ambitions, these high contributing professionals with significant employment options, are not afraid to see ‘what else is out there’ and will look for new opportunities that meet with their financial, ethical and life goals.



If you would like more information about Permanent or Interim Recruitment Solutions for Procurement, Supply Chain and Vendor Management disciplines, please call:

T: +44 (0)1403 248 448



 The Beaumont Select Recruitment Team 

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