Inventory Specialist Average Salary in Milano 2024
How much money does a person working as Inventory Specialist make in Milano?
LOW
1,720
EUR AVERAGE
3,740
EUR HIGH
5,950
EUR
A person working as Inventory Specialist in Milano typically earns around 3,740 EUR. Salaries range from 1,720 EUR (lowest) to 5,950 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Inventory Specialist salaries in Milano vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Inventory Specialist Pay Scale and Salaries in Milano
Salary Structure and Pay Scale Comparison
3,550 EUR or more
3,110 to 3,550 EUR
2,140 EUR or less
2,140 to 3,110 EUR
 1,720 EUR |
3,580 EUR |
5,950 EUR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Inventory Specialist in Milano range from 1,720 EUR (starting salary) to 5,950 EUR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 3,580 EUR, half of the professionals who work as Inventory Specialist in Milano earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Inventory Specialist in Milano earn less than 2,880 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 4,120 EUR while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Inventory Specialist in Milano compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,140 EUR to 3,110 EUR. About 20% of salaries are below the 2,140 EUR mark, while 10% fall within the range of 3,110 EUR to 3,550 EUR. Only 5% of individuals have salaries exceeding 3,550 EUR.
Salary Comparison by Years of Experience / Inventory Specialist / Milano
How do experience and age affect pay?
| 0 - 2 Years | 1,950 EUR | |
| 2 - 5 Years | +34% | 2,610 EUR |
| 5 - 10 Years | +48% | 3,860 EUR |
| 10 - 15 Years | +22% | 4,700 EUR |
| 15 - 20 Years | +9% | 5,130 EUR |
| 20+ Years | +8% | 5,550 EUR |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Inventory Specialist and this is what we found.
Employees with less than two years of experience earn approximately 1,950 EUR.
While someone with an experience level between two and five years is expected to earn 2,610 EUR, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 3,860 EUR, 48% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 4,700 EUR, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 5,130 EUR, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 5,550 EUR, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Inventory Specialist / Milano
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Inventory Specialist.
| High School | 2,400 EUR | |
| Certificate or Diploma | +18% | 2,820 EUR |
| Bachelor's Degree | +45% | 4,090 EUR |
| Master's Degree | +31% | 5,360 EUR |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Inventory Specialist in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 2,400 EUR.
Level 2: Certificate or Diploma
At this level, the average salary becomes 2,820 EUR, 18% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 4,090 EUR, 45% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 5,360 EUR, 31% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Italy costs anywhere from 18,300 EUR to 54,900 EUR and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Inventory Specialist / Milano
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Inventory Specialist in Italy, the average difference between the salary of male and female employees is 7%.
| Male | 3,410 EUR | |
| Female | -7% | 3,180 EUR |
Salary Comparison By Gender in Italy for all Careers
Average Annual Salary Increment Percentage / Inventory Specialist / Milano
How much are annual salary increments in Milano for individuals working as Inventory Specialist? How often do employees get salary raises?
Individuals working as Inventory Specialist in Italy are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.
Italy / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Inventory Specialist / Italy
How much and how often are bonuses being awarded?
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Inventory Specialist / Milano
22 EUR per hourThe average hourly wage (pay per hour) for individuals working as Inventory Specialist in Milano is 22 EUR.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Inventory Specialist in Milano is 10 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Purchasing and Inventory |  -100% | |
| Asset Management Associate | 3,500 EUR | -6% |
| Asset Protection Associate | 3,450 EUR | -8% |
| Asset Protection Specialist | 3,930 EUR |  +5% |
| Assistant Buyer | 3,150 EUR | -16% |
| Buyer | 5,630 EUR | +50% |
| Capacity Planner | 3,960 EUR | +6% |
| Category Leader | 3,590 EUR | -4% |
| Category Management Specialist | 3,980 EUR | +6% |
| Category Manager | 4,050 EUR | +8% |
| Channel Services Representative | 3,710 EUR | -1% |
| Contracts Manager | 4,570 EUR | +22% |
| Contracts Specialist | 3,560 EUR | -5% |
| Demand Planner | 4,040 EUR | +8% |
| Demand Planning Manager | 4,790 EUR | +28% |
| Digital Procurement Manager | 4,490 EUR | +20% |
| Distribution Assistant | 3,090 EUR | -17% |
| Distribution Associate | 3,380 EUR | -10% |
| Distribution Manager | 7,340 EUR | +96% |
| E-Commerce Buyer | 3,810 EUR | +2% |
| E-procurement Specialist | 4,600 EUR | +23% |
| Freight and Customs Compliance Manager | 4,510 EUR | +21% |
| Green Procurement Specialist | 3,810 EUR | +2% |
| Inventory Analyst | 3,730 EUR | -0% |
| Inventory Analytics Manager | 3,460 EUR | -8% |
| Inventory Control Clerk | 1,960 EUR | -48% |
| Inventory Control Manager | 4,850 EUR | +30% |
| Inventory Management Associate | 3,830 EUR | +2% |
| Inventory Optimization Manager | 4,560 EUR | +22% |
| Inventory Specialist | 3,740 EUR | -0% |
| Logistics Automation Engineer | 4,120 EUR | +10% |
| Logistics Engineer | 3,420 EUR | -9% |
| Master Planner | 3,540 EUR | -5% |
| Material Handler | 2,300 EUR | -39% |
| Material Planning Specialist | 3,160 EUR | -16% |
| Merchandise Manager | 4,280 EUR | +14% |
| Procurement Administrator | 4,340 EUR | +16% |
| Procurement Agent | 2,730 EUR | -27% |
| Procurement Analyst | 4,660 EUR | +25% |
| Procurement Assistant | 2,940 EUR | -21% |
| Procurement Associate | 4,000 EUR | +7% |
| Procurement Clerk | 1,710 EUR | -54% |
| Procurement Engineer | 3,640 EUR | -3% |
| Procurement Manager | 7,290 EUR | +95% |
| Procurement Officer | 1,690 EUR | -55% |
| Procurement Process Analyst | 4,460 EUR | +19% |
| Procurement Risk Manager | 4,360 EUR | +17% |
| Procurement Specialist | 3,390 EUR | -9% |
| Procurement Technology Consultant | 4,310 EUR | +15% |
| Production Planner | 4,060 EUR | +8% |
| Project Buyer | 4,760 EUR | +27% |
| Purchaser | 5,260 EUR | +41% |
| Purchasing Agent | 2,990 EUR | -20% |
| Purchasing Assistant | 2,040 EUR | -45% |
| Purchasing Manager | 7,090 EUR | +89% |
| Purchasing Officer | 3,320 EUR | -11% |
| Purchasing Supervisor | 5,140 EUR | +37% |
| Shipping and Receiving Clerk | 1,750 EUR | -53% |
| Shipping Coordinator | 3,560 EUR | -5% |
| Stock Clerk | 1,860 EUR | -50% |
| Stock Regulator | 2,160 EUR | -42% |
| Storage Manager | 4,670 EUR | +25% |
| Store Keeper | 1,810 EUR | -52% |
| Stores and Logistics Coordinator | 3,970 EUR | +6% |
| Strategic Sourcing Analyst | 5,060 EUR | +35% |
| Supplier Diversity Program Manager | 4,970 EUR | +33% |
| Supplier Relationship Manager | 5,150 EUR | +38% |
| Supply Chain Analyst | 5,190 EUR | +39% |
| Supply Chain Coordinator | 3,880 EUR | +4% |
| Supply Chain Development Manager | 7,060 EUR | +89% |
| Supply Chain Director | 7,830 EUR | +110% |
| Supply Chain Manager | 7,060 EUR | +89% |
| Supply Planner | 3,450 EUR | -8% |
| Sustainability Procurement Specialist | 4,740 EUR | +27% |
| Sustainable Sourcing Specialist | 3,520 EUR | -6% |
| Sustainable Supply Chain Manager | 5,630 EUR | +50% |
| Third Party Logistics Manager | 6,040 EUR | +61% |
| Vendor Management Specialist | 5,130 EUR | +37% |
| Warehouse Assistant | 1,440 EUR | -62% |
| Warehouse Automation Engineer | 3,570 EUR | -5% |
| Warehouse Clerk | 1,510 EUR | -60% |
| Warehouse Executive | 5,850 EUR | +56% |
| Warehouse Lead | 4,170 EUR | +11% |
| Warehouse Manager | 6,500 EUR | +74% |
| Warehouse Supervisor | 4,660 EUR | +25% |
| Wholesale Buyer | 5,650 EUR | +51% |
Salary Comparison By City
| City | Average Salary |
| Milano | 3,740 EUR |
| Rome | 3,780 EUR |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Italy is 5% on average across all career fields.
| Private Sector | 3,560 EUR | |
| Public Sector | +5% | 3,750 EUR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Inventory Specialist in Milano?
A good and competitive compensation would range anywhere between 3,580 EUR and 4,120 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Inventory Specialist in Milano ranges from 1,720 EUR to 2,880 EUR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
