A significant amount of time, money and preparation goes to earn a Certification. But are Certifications really worth the hype?
With the ever increasing competition in the job market, it is imperative to upgrade oneself with the latest skills in order to stay relevant and employable. This is why life long learning is important.
Professional Certifications are generally considered to be one of the ways to make a candidate standout in the job market. Over the years several salary surveys conducted by Payscale.com and job sites such as Indeed.com and Monster.com reveal that employers are willing to pay 10% to 15% more salary to candidates with professional certifications.
Shortage of Employees
The Canadian Supply Chain Association says that more than 800,000 people work in Canada’s Supply Chain sector excluding truck drivers. Around 150,000 positions are at the professional or managerial level in the Supply Chain Industry. The Ontario Government estimates that the Supply Chain sector is expected to grow up between 5% to 8% by During 2021 – 2025.
As per IBIS World reports, the Freight Packing and Logistics Services industry in Canada is expected to experience steady growth over the next five years. Continued growth in online shopping will increase demand for services from retailers and wholesalers. Canadian Organizations rely on successful supply chains in order to stay competitive. As a result, demand for SCM Executives will certainly increase.
What do you need to succeed?
According to the most recent salary survey conducted by Supply Chain Management Association of Canada, the average salary for a Supply Chain Professional in Canada is $86,967.
Holders of professional accredited supply chain certifications earn an average of $95,781 when compared to non-certified executives who earn an average of $82,698. That is a difference of 14%. The salaries for Senior Leadership positions within Supply Chain are at an average of $141,813.
With such high paying jobs available for Supply Chain Executives in Canada, it is worthwhile to invest in a professional Supply Chain Certification in order to differentiate oneself from other candidates and be successful in the job market.
5 Highest paying Supply Chain Certifications in Canada
|CERTIFICATION||OFFERED BY||DURATION||COURSE FEE||MEMBERSHIP FEE||EXAM FEE||VALIDITY|
|Certified Supply Chain Specialist (CSCS)||International Institute for Procurement and Market Research (IIPMR)||2 Months||$600||Free||Free||Valid for Life Time|
|Certified Procurement Professional (CPP)||International Institute for Procurement and Market Research (IIPMR)||3 Months||$700||Free||Free||Valid for Life Time|
|Supply Chain Management Professional Designation (SCMP)||Supply Chain Management Association (SCMA)||3 Months||$1150||$400||Free||5 Years|
|Certified Supply Chain Professional (CSCP)||Association for Supply Chain Management (ASCM)||3 Months||$1380||$180||$965||5 Years|
|Certified Professional in Supply Management (CPSM)||Institute for Supply Management (ISM)||4 Months||$3370||$240||$379||3 Years|
A lot of Canadian Companies pay for individual employees or entire teams to earn these certifications. Because Employers today understand the value of a certified professional and they see a return of their investment in terms of better employee performance.
|INDUSTRY ASSOCIATIONS||WEBSITE LINK|
|International Institute for Procurement and Market Research (IIPMR)||https://www.iipmr.com|
|Canadian Supply Chain Sector Council||https://en.cscsc.essentialskillsgroup.com/index.php|
|Council of Supply Chain Management Professionals||https://cscmp.org/|
|Purchasing Management Association of Canada||https://www.sdcexec.com/sourcing-procurement/company/10837877/purchasing-management-association-of-c|
|Institute for Supply Management||https://ismworld.org|
|Supply Chain Management Association||https://scma.com/national/en/news/1626|
|Association for Supply Management||https://www.apics.org|
|Supply Chain Management Association (SCMA)||https://www.supplychaincanada.com|