Average Inventory Management Associate Salary in Jersey for 2024

In this article, we will look at the average Inventory Management Associate salary for 2024 in Jersey and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the British pound. To keep things simple, we are using the GBP currency code instead of the currency symbol £.

How Much Does an Inventory Management Associate Make in Jersey?

An Inventory Management Associate working in Jersey will typically earn around 57,320 GBP per year, and this can range from the lowest average salary of about 27,040 GBP to the highest average salary of 91,560 GBP.

Average Annual Salary
57,320 GBP
Average Monthly Salary
4,776 GBP

Lowest Annual Salary
27,040 GBP
Lowest Monthly Salary
2,253 GBP

Highest Annual Salary
91,560 GBP
Highest Monthly Salary
7,630 GBP

These are average salaries for an Inventory Management Associate in Jersey and include benefits such as housing and transport. It's also possible for an Inventory Management Associate to earn more or less than the average salaries shown above.

Inventory Management Associate salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Inventory Management Associate Salaries in Jersey

So we've looked at the average salaries an Inventory Management Associate will earn in Jersey. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Inventory Management Associate can earn between 27,040 GBP and 91,560 GBP on average in Jersey. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Inventory Management Associate in Jersey is 60,160 GBP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 60,160 GBP, and 50% of the population earn more than 60,160 GBP.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Inventory Management Associate salary in Jersey, 25% of the population are earning less than 40,420 GBP while 75% of the population earn more than 40,420 GBP.

75% of the population earn less than 81,880 GBP, and 25% of the population earn more than 81,880 GBP.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Inventory Management Associate Salary by Experience Level in Jersey

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average inventory management associate salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Inventory Management Associate in Jersey that has less than two years of experience can expect to earn somewhere in the region of 29,320 GBP.
  • 2 - 5 Years Experience. With two to five years of experience the average Inventory Management Associate salary would increase to 40,560 GBP.
  • 5 - 10 Years Experience. From five to ten years of experience as an Inventory Management Associate, the average salary would be 59,000 GBP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 69,240 GBP.
  • 15 - 20 Years Experience. An Inventory Management Associate with 15 to 20 years of experience can earn an average of 78,500 GBP.
  • 20+ Years Experience. For an Inventory Management Associate with more than 20 years, the expected average salary increases to 85,460 GBP.

Average Salary by Experience Chart

0-2 Years
29,320 GBP
2-5 Years +34%
40,560 GBP
5-10 Years +48%
59,000 GBP
10-15 Years +22%
69,240 GBP
15-20 Years +9%
78,500 GBP
20+ Years +8%
85,460 GBP

Inventory Management Associate Salary by Education Level in Jersey

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Inventory Management Associate in Jersey based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. An Inventory Management Associate in Jersey with a high school education can earn an average salary of 35,500 GBP.

  • Certificate or Diploma. An Inventory Management Associate in Jersey with a certificate or diploma education can earn an average salary of 51,800 GBP.

  • Bachelor's Degree. An Inventory Management Associate in Jersey with a bachelor's degree education can earn an average salary of 87,760 GBP.

Average Salary by Education Chart

High School
35,500 GBP
Certificate or Diploma +57%
51,800 GBP
Bachelor's Degree +68%
87,760 GBP

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Jersey is around 25,800 to 77,300 GBP and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Inventory Management Associate Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Jersey, a male inventory management associate will earn an average of 60,840 GBP, while a female inventory management associate will earn around 51,400 GBP.

This means that a male inventory management associate earns approximately 18% more than a female inventory management associate for performing the same job.

Average Salary by Gender Chart in Jersey

Male
60,840 GBP
Female -18%
51,400 GBP

Inventory Management Associate Average Pay Raise in Jersey

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Inventory Management Associate in Jersey is around 6% every 30 months.

The national average pay raise across all professions and industries in Jersey is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 6 ÷ 30 ) × 12  = 2%

What this means is that an Inventory Management Associate in Jersey can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Jersey for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Jersey.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Inventory Management Associate Bonus and Incentive Rates in Jersey

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Inventory Management Associate is a low bonus based job, with 41% of employees reporting at least one bonus in the last 12 months.

59% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 2% to 7%.

Received Bonus
41%
No Bonus
59%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Jersey earn approximately 19% more than private sector employees in the same role.

Public Sector
66,840 GBP
Private Sector -19%
56,060 GBP

Salaries for Jobs Similar to an Inventory Management Associate

In the table below, we have salary information for jobs that are similar to an Inventory Management Associate in Jersey.

Job Title Category Salary
Asset Management Associate Purchasing and Inventory 57,620 GBP
Asset Protection Associate Purchasing and Inventory 52,300 GBP
Asset Protection Specialist Purchasing and Inventory 59,380 GBP
Assistant Buyer Purchasing and Inventory 48,640 GBP
Buyer Purchasing and Inventory 88,580 GBP
Capacity Planner Purchasing and Inventory 64,040 GBP
Category Leader Purchasing and Inventory 54,280 GBP
Category Management Specialist Purchasing and Inventory 57,320 GBP
Category Manager Purchasing and Inventory 67,360 GBP
Channel Services Representative Purchasing and Inventory 59,660 GBP
Contracts Manager Purchasing and Inventory 71,280 GBP
Contracts Specialist Purchasing and Inventory 58,520 GBP
Demand Planner Purchasing and Inventory 57,820 GBP
Demand Planning Manager Purchasing and Inventory 72,360 GBP
Distribution Assistant Purchasing and Inventory 50,080 GBP
Distribution Associate Purchasing and Inventory 50,980 GBP
Distribution Manager Purchasing and Inventory 115,560 GBP
Inventory Analyst Purchasing and Inventory 60,400 GBP
Inventory Control Clerk Purchasing and Inventory 31,340 GBP
Inventory Control Manager Purchasing and Inventory 80,480 GBP
Inventory Specialist Purchasing and Inventory 57,900 GBP
Logistics Engineer Purchasing and Inventory 51,900 GBP
Master Planner Purchasing and Inventory 53,320 GBP
Material Handler Purchasing and Inventory 35,340 GBP
Material Planning Specialist Purchasing and Inventory 50,340 GBP
Merchandise Manager Purchasing and Inventory 64,920 GBP
Procurement Administrator Purchasing and Inventory 66,940 GBP
Procurement Agent Purchasing and Inventory 45,600 GBP
Procurement Analyst Purchasing and Inventory 66,840 GBP
Procurement Assistant Purchasing and Inventory 42,960 GBP
Procurement Associate Purchasing and Inventory 60,340 GBP
Procurement Clerk Purchasing and Inventory 26,280 GBP
Procurement Engineer Purchasing and Inventory 56,640 GBP
Procurement Manager Purchasing and Inventory 116,780 GBP
Procurement Officer Purchasing and Inventory 29,840 GBP
Procurement Process Analyst Purchasing and Inventory 71,020 GBP
Procurement Specialist Purchasing and Inventory 54,460 GBP
Production Planner Purchasing and Inventory 62,460 GBP
Project Buyer Purchasing and Inventory 69,040 GBP
Purchaser Purchasing and Inventory 88,480 GBP
Purchasing Agent Purchasing and Inventory 46,160 GBP
Purchasing Assistant Purchasing and Inventory 29,320 GBP
Purchasing Manager Purchasing and Inventory 109,520 GBP
Purchasing Officer Purchasing and Inventory 51,080 GBP
Purchasing Supervisor Purchasing and Inventory 77,060 GBP
Shipping and Receiving Clerk Purchasing and Inventory 27,620 GBP
Shipping Coordinator Purchasing and Inventory 53,840 GBP
Stock Clerk Purchasing and Inventory 31,340 GBP
Stock Regulator Purchasing and Inventory 35,300 GBP
Storage Manager Purchasing and Inventory 75,260 GBP
Store Keeper Purchasing and Inventory 26,400 GBP
Stores and Logistics Coordinator Purchasing and Inventory 56,640 GBP
Supply Chain Analyst Purchasing and Inventory 81,880 GBP
Supply Chain Coordinator Purchasing and Inventory 60,480 GBP
Supply Chain Development Manager Purchasing and Inventory 105,080 GBP
Supply Chain Director Purchasing and Inventory 118,200 GBP
Supply Chain Manager Purchasing and Inventory 112,440 GBP
Supply Planner Purchasing and Inventory 59,480 GBP
Warehouse Assistant Purchasing and Inventory 22,340 GBP
Warehouse Clerk Purchasing and Inventory 24,820 GBP
Warehouse Executive Purchasing and Inventory 98,540 GBP
Warehouse Lead Purchasing and Inventory 63,320 GBP
Warehouse Manager Purchasing and Inventory 97,460 GBP
Warehouse Supervisor Purchasing and Inventory 69,580 GBP
Wholesale Buyer Purchasing and Inventory 82,520 GBP

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