Strategic Sourcing Analyst Average Salary in Wales 2024
How much money does a person working as Strategic Sourcing Analyst make in Wales?
LOW
42,100
GBP AVERAGE
82,600
GBP HIGH
127,000
GBP
A person working as Strategic Sourcing Analyst in Wales typically earns around 82,600 GBP. Salaries range from 42,100 GBP (lowest) to 127,000 GBP (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Strategic Sourcing Analyst salaries in Wales vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Strategic Sourcing Analyst Pay Scale and Salaries in Wales
Salary Structure and Pay Scale Comparison
75,400 GBP or more
67,000 to 75,400 GBP
48,500 GBP or less
48,500 to 67,000 GBP
 42,100 GBP |
75,800 GBP |
127,000 GBP |
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 Strategic Sourcing Analyst in Wales range from 42,100 GBP (starting salary) to 127,000 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 75,800 GBP, half of the professionals who work as Strategic Sourcing Analyst 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 Strategic Sourcing Analyst in Wales earn less than 62,600 GBP, while 75% earn more. Similarly, the chart shows that 75% earn less than 86,200 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 Strategic Sourcing Analyst in Wales compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 48,500 GBP to 67,000 GBP. About 20% of salaries are below the 48,500 GBP mark, while 10% fall within the range of 67,000 GBP to 75,400 GBP. Only 5% of individuals have salaries exceeding 75,400 GBP.
Salary Comparison by Years of Experience / Strategic Sourcing Analyst / Wales
How do experience and age affect pay?
| 0 - 2 Years | 47,200 GBP | |
| 2 - 5 Years | +31% | 61,700 GBP |
| 5 - 10 Years | +40% | 86,400 GBP |
| 10 - 15 Years | +20% | 104,000 GBP |
| 15 - 20 Years | +9% | 113,000 GBP |
| 20+ Years | +8% | 122,000 GBP |
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 Strategic Sourcing Analyst and this is what we found.
Employees with less than two years of experience earn approximately 47,200 GBP.
While someone with an experience level between two and five years is expected to earn 61,700 GBP, 31% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 86,400 GBP, 40% 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 104,000 GBP, 20% 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 113,000 GBP, 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 122,000 GBP, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Strategic Sourcing Analyst / Wales
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Strategic Sourcing Analyst.
| High School | 43,800 GBP | |
| Certificate or Diploma | +19% | 52,300 GBP |
| Bachelor's Degree | +34% | 70,200 GBP |
| Master's Degree | +56% | 109,000 GBP |
| PhD | +13% | 124,000 GBP |
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 Strategic Sourcing Analyst in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 43,800 GBP.
Level 2: Certificate or Diploma
At this level, the average salary becomes 52,300 GBP, 19% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 70,200 GBP, 34% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 109,000 GBP, 56% more than the previous level.
Level 5: PhD
At this level, the average salary becomes 124,000 GBP, 13% 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 and Compensation Comparison By Gender / Strategic Sourcing Analyst / Wales
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 Strategic Sourcing Analyst in United Kingdom, the average difference between the salary of male and female employees is 4%.
| Male | 88,800 GBP | |
| Female | -4% | 85,000 GBP |
Salary Comparison By Gender in United Kingdom for all Careers
Average Annual Salary Increment Percentage / Strategic Sourcing Analyst / Wales
How much are annual salary increments in Wales for individuals working as Strategic Sourcing Analyst? How often do employees get salary raises?
Individuals working as Strategic Sourcing Analyst 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.
United Kingdom / 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 / Strategic Sourcing Analyst / United Kingdom
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 / Strategic Sourcing Analyst / Wales
40 GBP per hourThe average hourly wage (pay per hour) for individuals working as Strategic Sourcing Analyst in Wales is 40 GBP.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 Strategic Sourcing Analyst in Wales is 20 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 Title | Average Salary |
| Purchasing and Inventory |  -100% | |
| Asset Management Associate | 61,200 GBP | -26% |
| Asset Protection Associate | 57,700 GBP | -30% |
| Asset Protection Specialist | 62,700 GBP | -24% |
| Assistant Buyer | 55,500 GBP | -33% |
| Buyer | 96,600 GBP |  +17% |
| Capacity Planner | 65,000 GBP | -21% |
| Category Leader | 63,300 GBP | -23% |
| Category Management Specialist | 66,800 GBP | -19% |
| Category Manager | 73,700 GBP | -11% |
| Channel Services Representative | 67,100 GBP | -19% |
| Contracts Manager | 72,100 GBP | -13% |
| Contracts Specialist | 61,700 GBP | -25% |
| Demand Planner | 67,600 GBP | -18% |
| Demand Planning Manager | 76,000 GBP | -8% |
| Digital Procurement Manager | 73,100 GBP | -12% |
| Distribution Assistant | 55,300 GBP | -33% |
| Distribution Associate | 52,200 GBP | -37% |
| Distribution Manager | 122,000 GBP | +48% |
| E-Commerce Buyer | 60,400 GBP | -27% |
| E-procurement Specialist | 76,500 GBP | -7% |
| Freight and Customs Compliance Manager | 73,900 GBP | -11% |
| Green Procurement Specialist | 67,400 GBP | -18% |
| Inventory Analyst | 59,200 GBP | -28% |
| Inventory Analytics Manager | 61,500 GBP | -26% |
| Inventory Control Clerk | 31,000 GBP | -62% |
| Inventory Control Manager | 80,900 GBP | -2% |
| Inventory Management Associate | 64,200 GBP | -22% |
| Inventory Optimization Manager | 70,100 GBP | -15% |
| Inventory Specialist | 58,500 GBP | -29% |
| Logistics Automation Engineer | 63,600 GBP | -23% |
| Logistics Engineer | 53,700 GBP | -35% |
| Master Planner | 60,800 GBP | -26% |
| Material Handler | 38,000 GBP | -54% |
| Material Planning Specialist | 50,000 GBP | -39% |
| Merchandise Manager | 72,800 GBP | -12% |
| Procurement Administrator | 73,100 GBP | -12% |
| Procurement Agent | 49,400 GBP | -40% |
| Procurement Analyst | 78,000 GBP | -6% |
| Procurement Assistant | 46,000 GBP | -44% |
| Procurement Associate | 62,500 GBP | -24% |
| Procurement Clerk | 28,200 GBP | -66% |
| Procurement Engineer | 60,000 GBP | -27% |
| Procurement Manager | 127,000 GBP | +54% |
| Procurement Officer | 28,000 GBP | -66% |
| Procurement Process Analyst | 70,800 GBP | -14% |
| Procurement Risk Manager | 68,400 GBP | -17% |
| Procurement Specialist | 58,600 GBP | -29% |
| Procurement Technology Consultant | 71,400 GBP | -14% |
| Production Planner | 69,800 GBP | -16% |
| Project Buyer | 76,800 GBP | -7% |
| Purchaser | 91,800 GBP | +11% |
| Purchasing Agent | 50,200 GBP | -39% |
| Purchasing Assistant | 34,200 GBP | -59% |
| Purchasing Manager | 125,000 GBP | +51% |
| Purchasing Officer | 55,900 GBP | -32% |
| Purchasing Supervisor | 79,000 GBP | -4% |
| Shipping and Receiving Clerk | 28,400 GBP | -66% |
| Shipping Coordinator | 60,100 GBP | -27% |
| Stock Clerk | 31,000 GBP | -62% |
| Stock Regulator | 37,300 GBP | -55% |
| Storage Manager | 73,700 GBP | -11% |
| Store Keeper | 30,700 GBP | -63% |
| Stores and Logistics Coordinator | 63,600 GBP | -23% |
| Strategic Sourcing Analyst | 82,600 GBP | -0% |
| Supplier Diversity Program Manager | 79,300 GBP | -4% |
| Supplier Relationship Manager | 86,700 GBP | +5% |
| Supply Chain Analyst | 88,800 GBP | +7% |
| Supply Chain Coordinator | 65,400 GBP | -21% |
| Supply Chain Development Manager | 109,000 GBP | +32% |
| Supply Chain Director | 127,000 GBP | +54% |
| Supply Chain Manager | 126,000 GBP | +53% |
| Supply Planner | 57,300 GBP | -31% |
| Sustainability Procurement Specialist | 78,600 GBP | -5% |
| Sustainable Sourcing Specialist | 60,500 GBP | -27% |
| Sustainable Supply Chain Manager | 92,200 GBP | +12% |
| Third Party Logistics Manager | 92,800 GBP | +12% |
| Vendor Management Specialist | 88,000 GBP | +7% |
| Warehouse Assistant | 23,800 GBP | -71% |
| Warehouse Automation Engineer | 60,900 GBP | -26% |
| Warehouse Clerk | 25,600 GBP | -69% |
| Warehouse Executive | 102,000 GBP | +23% |
| Warehouse Lead | 70,200 GBP | -15% |
| Warehouse Manager | 111,000 GBP | +34% |
| Warehouse Supervisor | 75,100 GBP | -9% |
| Wholesale Buyer | 95,500 GBP | +16% |
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 |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Strategic Sourcing Analyst in Wales?
A good and competitive compensation would range anywhere between 75,800 GBP and 86,200 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 Strategic Sourcing Analyst in Wales ranges from 42,100 GBP to 62,600 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
