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Careers in purchasing have never looked better, according to the findings of the 2011 Purchasing & Supply R£wards research from The Chartered Institute of Purchasing & Supply, and Croner Reward.

The survey is based on feedback from CIPS members and has proved that procurement and supply professionals’ salaries continue to move ahead of equivalent posts in other sectors and the also the national average.

Public sector working hours have increased, with 43% of professionals in the public sector working 41 – 45 hours a week.

Junior professionals are more likely to work longer hours, 53% work 46 – 50 hours up a week, a significant leap from 15% last year. However private sector workers are starting to relax with only 28% working up to 39 hours a week. The pay gap between public and private sectors is closing, down from a £6,000 difference to only £2,000.

Job satisfaction in the procurement profession is high with 51% reporting satisfaction at a good or excellent level and only 19% planning to move jobs, down from 22% last year.

Job security is high in the private sector at 94%, however in the public sector 27% feel their job security is poor or bad. Procurement professionals are confident about moving forward in their careers, 31% in the private sector felt they had good promotion prospects.

The survey was conducted between October and December 2010, and the summary is available free to members on the CIPS website or on request from the Press Office to journalists. The full report is available for £180 to anyone who participated in the study, and for £360 to CIPS members, £440 to non-members. Call 01785 813 566 to order.

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