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Inventory Analytics Manager Average Salary in Wales 2024

How much money does a person working as Inventory Analytics Manager make in Wales?


Average Yearly Salary
61,500 GBP
( 5,130 GBP monthly)

LOW
29,500
GBP
AVERAGE
61,500
GBP
HIGH
96,600
GBP
All salary figures displayed here are per year except when noted otherwise.
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.

A person working as Inventory Analytics Manager in Wales typically earns around 61,500 GBP. Salaries range from 29,500 GBP (lowest) to 96,600 GBP (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Inventory Analytics Manager salaries in Wales vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Inventory Analytics Manager Pay Scale and Salaries in Wales

Median and salary distribution Wales Inventory Analytics Manager yearly
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Salary Structure and Pay Scale Comparison

5% of people earn
57,500 GBP or more
10% of people earn
50,600 to 57,500 GBP
20% of people earn
35,600 GBP or less
65% of people earn
35,600 to 50,600 GBP
Minimum Salary
29,500 GBP
Median
57,900 GBP
Maximum
96,600 GBP




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per year except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Inventory Analytics Manager in Wales range from 29,500 GBP (starting salary) to 96,600 GBP (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 57,900 GBP, half of the professionals who work as Inventory Analytics Manager in Wales 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 Analytics Manager in Wales earn less than 47,100 GBP, while 75% earn more. Similarly, the chart shows that 75% earn less than 66,300 GBP 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 Analytics Manager in Wales compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 35,600 GBP to 50,600 GBP. About 20% of salaries are below the 35,600 GBP mark, while 10% fall within the range of 50,600 GBP to 57,500 GBP. Only 5% of individuals have salaries exceeding 57,500 GBP.

Salary Comparison by Years of Experience / Inventory Analytics Manager / Wales

How do experience and age affect pay?

0 - 2 Years
34,600 GBP
2 - 5 Years+42%
49,000 GBP
5 - 10 Years+31%
64,400 GBP
10 - 15 Years+23%
79,200 GBP
15 - 20 Years+6%
84,200 GBP
20+ Years+10%
92,200 GBP
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience yearly Wales Inventory Analytics Manager
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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 Analytics Manager and this is what we found.


All salary figures displayed here are per year except when noted otherwise.

Employees with less than two years of experience earn approximately 34,600 GBP.

While someone with an experience level between two and five years is expected to earn 49,000 GBP, 42% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 64,400 GBP, 31% 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 79,200 GBP, 23% 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 84,200 GBP, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 92,200 GBP, 10% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Inventory Analytics Manager / Wales

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Inventory Analytics Manager.

High School
42,900 GBP
Certificate or Diploma+16%
49,700 GBP
Bachelor's Degree+46%
72,500 GBP
Master's Degree+23%
89,200 GBP
Percentage increase and decrease are relative to the previous value
Salary comparison by education level yearly Wales Inventory Analytics Manager
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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 Analytics Manager in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 42,900 GBP.


Level 2: Certificate or Diploma

At this level, the average salary becomes 49,700 GBP, 16% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 72,500 GBP, 46% more than the previous level.


Level 4: Master's Degree

At this level, the average salary becomes 89,200 GBP, 23% 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 United Kingdom costs anywhere from 29,700 GBP to 89,100 GBP 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 Comparison By Education Level
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Salary and Compensation Comparison By Gender / Inventory Analytics Manager / Wales

Salary comparison by gender United Kingdom Inventory Analytics Manager yearly
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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 Analytics Manager in United Kingdom, the average difference between the salary of male and female employees is 4%.

Male
66,100 GBP
Female-4%
63,300 GBP
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in United Kingdom for all Careers

Salary comparison by gender yearly United Kingdom
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Average Annual Salary Increment Percentage / Inventory Analytics Manager / Wales

How much are annual salary increments in Wales for individuals working as Inventory Analytics Manager? How often do employees get salary raises?

Individuals working as Inventory Analytics Manager in United Kingdom are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate United Kingdom Inventory Analytics Manager
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

United Kingdom / All Professions

Annual Salary Increment Rate United Kingdom
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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

The average salary increase in one year (12 months) in United Kingdom is 7%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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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 Analytics Manager / United Kingdom

How much and how often are bonuses being awarded?Annual Salary Bonus Rate United Kingdom Inventory Analytics Manager
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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 Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, 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 Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These 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 GeneratorsSupporting 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:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


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.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

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 Analytics Manager / Wales


30 GBP per hour

The average hourly wage (pay per hour) for individuals working as Inventory Analytics Manager in Wales is 30 GBP.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

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 Analytics Manager in Wales is 14 GBP. 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 TitleAverage Salary
Purchasing and Inventory-100%
Asset Management Associate61,200 GBP-1%
Asset Protection Associate57,700 GBP-6%
Asset Protection Specialist62,700 GBP+2%
Assistant Buyer55,500 GBP-10%
Buyer96,600 GBP+57%
Capacity Planner65,000 GBP+6%
Category Leader63,300 GBP+3%
Category Management Specialist66,800 GBP+9%
Category Manager73,700 GBP+20%
Channel Services Representative67,100 GBP+9%
Contracts Manager72,100 GBP+17%
Contracts Specialist61,700 GBP+0%
Demand Planner67,600 GBP+10%
Demand Planning Manager76,000 GBP+24%
Digital Procurement Manager73,100 GBP+19%
Distribution Assistant55,300 GBP-10%
Distribution Associate52,200 GBP-15%
Distribution Manager122,000 GBP+98%
E-Commerce Buyer60,400 GBP-2%
E-procurement Specialist76,500 GBP+24%
Freight and Customs Compliance Manager73,900 GBP+20%
Green Procurement Specialist67,400 GBP+10%
Inventory Analyst59,200 GBP-4%
Inventory Analytics Manager61,500 GBP-0%
Inventory Control Clerk31,000 GBP-50%
Inventory Control Manager80,900 GBP+31%
Inventory Management Associate64,200 GBP+4%
Inventory Optimization Manager70,100 GBP+14%
Inventory Specialist58,500 GBP-5%
Logistics Automation Engineer63,600 GBP+3%
Logistics Engineer53,700 GBP-13%
Master Planner60,800 GBP-1%
Material Handler38,000 GBP-38%
Material Planning Specialist50,000 GBP-19%
Merchandise Manager72,800 GBP+18%
Procurement Administrator73,100 GBP+19%
Procurement Agent49,400 GBP-20%
Procurement Analyst78,000 GBP+27%
Procurement Assistant46,000 GBP-25%
Procurement Associate62,500 GBP+2%
Procurement Clerk28,200 GBP-54%
Procurement Engineer60,000 GBP-2%
Procurement Manager127,000 GBP+110%
Procurement Officer28,000 GBP-54%
Procurement Process Analyst70,800 GBP+15%
Procurement Risk Manager68,400 GBP+11%
Procurement Specialist58,600 GBP-5%
Procurement Technology Consultant71,400 GBP+16%
Production Planner69,800 GBP+13%
Project Buyer76,800 GBP+25%
Purchaser91,800 GBP+49%
Purchasing Agent50,200 GBP-18%
Purchasing Assistant34,200 GBP-44%
Purchasing Manager125,000 GBP+100%
Purchasing Officer55,900 GBP-9%
Purchasing Supervisor79,000 GBP+28%
Shipping and Receiving Clerk28,400 GBP-54%
Shipping Coordinator60,100 GBP-2%
Stock Clerk31,000 GBP-50%
Stock Regulator37,300 GBP-39%
Storage Manager73,700 GBP+20%
Store Keeper30,700 GBP-50%
Stores and Logistics Coordinator63,600 GBP+3%
Strategic Sourcing Analyst82,600 GBP+34%
Supplier Diversity Program Manager79,300 GBP+29%
Supplier Relationship Manager86,700 GBP+41%
Supply Chain Analyst88,800 GBP+44%
Supply Chain Coordinator65,400 GBP+6%
Supply Chain Development Manager109,000 GBP+77%
Supply Chain Director127,000 GBP+110%
Supply Chain Manager126,000 GBP+100%
Supply Planner57,300 GBP-7%
Sustainability Procurement Specialist78,600 GBP+28%
Sustainable Sourcing Specialist60,500 GBP-2%
Sustainable Supply Chain Manager92,200 GBP+50%
Third Party Logistics Manager92,800 GBP+51%
Vendor Management Specialist88,000 GBP+43%
Warehouse Assistant23,800 GBP-61%
Warehouse Automation Engineer60,900 GBP-1%
Warehouse Clerk25,600 GBP-58%
Warehouse Executive102,000 GBP+66%
Warehouse Lead70,200 GBP+14%
Warehouse Manager111,000 GBP+80%
Warehouse Supervisor75,100 GBP+22%
Wholesale Buyer95,500 GBP+55%

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 United Kingdom is 4% on average across all career fields.

Private Sector
69,700 GBP
Public Sector+4%
72,800 GBP
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Inventory Analytics Manager in Wales?

A good and competitive compensation would range anywhere between 57,900 GBP and 66,300 GBP. 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 Analytics Manager in Wales ranges from 29,500 GBP to 47,100 GBP. 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


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