Atlanta, GA (PRWEB) March 29, 2013
The Professional Pricing Society, the largest professional association dedicated to supporting pricing education and training in 75 countries, announces its annual survey results from more than 1,000 professional pricing managers and executives. The results highlight the rising trend of higher investments in pricing experts and tools to offer a competitive advantage, especially in the manufacturing and distribution sectors.
The growing appreciation of pricing strategies is clearly demonstrated by both increased salaries and larger pricing departments with more senior management. Pricing managers in the manufacturing industry realized a double-digit salary increase from 2011, with an average salary of $112,997, an increase of 12 percent. Pricing executives in distribution experienced similar gains, with an average salary of $101,679, also increasing 12 percent. Across all industries, pricing salaries grew an average of 2 percent.
By job title, pricing analysts and managers enjoyed significant increases versus last year’s survey, with managers earning an average of $111,602 for a 12 percent increase and analysts reporting an average salary of $78,319, a 6 percent boost.
“Pricers are transforming their traditional role into change agents and leaders, and the value of this effort is supported by higher salaries and larger pricing departments. Typically, it is the pricer who must constantly change to learn new processes and strategies, but it appears as though organizations are now changing to accommodate the growing intelligence of pricing strategies. As a result, there is an increased need for pricing training to successfully integrate and implement these new roles within a culture of competitive accountability,” said Kevin Mitchell, president of the Pricing Society.
While organizations are placing more value on individual pricing experts by increasing salaries, th
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