- DC Velocity's annual salary survey revealed that a whopping 94% of respondents are satisfied with their careers in logistics, while 92% recommend it as a rewarding profession for younger generations. 73% of those surveyed received an increase in compensation in the past year, as well as an increase in management functions.
- Favorite aspects of the job include "never boring," "changing requirements and new technologies" and "interaction with a variety of other employees." Least favorite include "pressure to reduce costs," "lack of qualified applicants" and "resistance to change."
- Unsurprisingly, salaries improve with seniority, surpassing six figures after a decade of service. Medical and pharmaceutical logistics positions pay the most at $185,000 on average, particularly in the southern part of the U.S., and continuing education is directly correlated to improved financial condition.
Given the dearth of new talent within logistics, surveys and interviews with satisfied procurement and other staff should be shared by recruiters with those looking for an entry into a rewarding career. Talent and career fairs, training programs underwritten by companies in need, organized mentorship opportunities — all can be undertaken by an industry unable to fill open positions.
There's a need to go beyond the usual methods, however. Instead of falling into stereotypical assessments of millennial talent, companies need to reconsider how better to appeal to a generation that will soon be responsible for the industry's challenges. Employing non-traditional channels to promote job openings, such as advertising on social media and offering company access on a more informal basis, or with online video introductions and tours, can yield returns in attracting young talent.
Adaptation on the part of employers is a necessity if jobs are to be filled by a younger generation. A required strong work ethic is unchanging, but areas of value evolve depending on the age of the potential employee. A company that promotes social awareness, environmental responsibility, and is one a millennial will be proud to brag about, is far more likely to attract new talent than one offering none of the above.