Logistics Manager Salary
A Logistics Manager is tasked with the job of organising, tracking, moving, and storing inventory at a large or medium-sized business. The job demands an individual with exemplary organisational skills, who can manage all aspects of the supply chain, from purchasing to sales.
Logistics managers must find the most cost-effective methods to distribute goods and get them to the proper locations on-time and in perfect condition. The details of distribution vary considerably depending upon the nature of the products, whether they are perishable or can be warehoused for extended periods, for instance. But the nature of the work is also fairly consistent between industries, as Logistics Managers in every sector must find the most efficient ways to get the products a business relies on from point A to point B, consistently and reliably.
On a day-to-day basis, the work involves using IT systems to monitor things like inventory levels, transportation costs, and delivery schedules. Overseeing and managing staff is a major part of the job, as well, and Logistics Managers are also responsible for negotiating with clients and suppliers. Perhaps most importantly, the position requires a constant effort to refine and improve supply chain operations in response to new technologies, fluctuating prices, and the ever-evolving business landscape.
Benefits of Being a Logistics Manager
Logistics Managers enjoy a wide range of non-monetary benefits as a result of their work. The position is one of extreme importance within a company, and individuals working in this capacity have the satisfaction of serving an essential business function.
From a managerial standpoint, those with a natural aptitude for leadership will appreciate the opportunity to motivate, train, and work on a close personal level with their staff. Because the roles span the entire supply chain, extending from purchasing raw materials to shipping polished products to consumers, a Logistics Manager plays a key role in nearly every step of the business, working with staff from many different departments. Planning and organising a complex operation for optimal performance is an art in itself, and those with the disposition for such work will derive considerable pleasure from setting the process in motion and seeing its many interconnected aspects function according to plan.
Earnings of a Logistics Manager
Naturally, one of the biggest benefits of having much responsibility is being well compensated in monetary form for the work. Managers typically earn a starting salary around £19,000 in the UK. But with more experience in the field, pay grades quickly shoot up to between £25,000 and £35,000. By late career, a Senior Logistics Manager in the UK earns in the range of £45,000 to £60,000 annually, and can even far exceed this range in some cases.
Throughout the UK, the median salary for Logistics Managers is roughly £31,500. But many companies also give performance bonuses that hover in the range of 10% to 40% based upon the relative success of the supply chain team. Other benefits, including company vehicles, stock packages, pension accounts, and health insurance are also common.
Does Location Matter in Logistics Management?
Unlike many positions in the UK, the salary of professionals working in Logistics Management is not strongly impacted by location. Though managers working in London typically earn about 6% more than their counterparts elsewhere, many of these positions are not location dependent. Because duties span wide regions and involve the movement of goods across long distances, a Logistics Manager mostly coordinates by phone and email.
How To Boost Your Pay in Logistics Jobs
There are numerous factors that influence the pay of a Logistics Manager. But the top five upward drivers of salary in the field are:
- Experience: Late career Logistics Managers make 20% more than the national average and nearly 200% more than most entry-level workers in the profession.
- Operations Management: Having proven expertise and/or a professional qualification in operations management is associated with an 8% boost in pay.
- Project Management: Those with accredited qualifications in Project Management earn 7% more on average than their counterparts.
- Social Skills: Though the work also involves a considerable amount of number crunching, strong social skills are essential for success in this position. Social aptitude helps managers work with staff, charm buyers and negotiate better deals with suppliers.
- Time Management: Time is money in this business and those who can cut down on delivery times and transport delays will have a marked advantage over their peers.
What’s Next in Logistics?
This is a position for highly motivated and upwardly mobile individuals. So those who enter the career path are often looking to utilise the position as a stepping stone to bigger and better things. Logistics Managers are often promoted to Supply Chain Managers and Operations Managers. From there, the most successful win promotions to senior executive positions like Director of Operations and Director of Supply Chain Management.