Inventory Specialist Salary

Inventory Specialists in the United States take home approximately $14.05 per hour on average. With some bonuses approaching $5K and certain profit sharing proceeds approaching $20K, overall incomes of Inventory Specialists spread between $21K and $51K depending on individual performance. Compensation for this group is mainly affected by the specific employer, but geography and experience level are influential factors as well. Although a strong majority have medical coverage and more than half have dental coverage, roughly a fourth claim no health benefits at all. The majority of Inventory Specialists claim high levels of job satisfaction. Men working as Inventory Specialists who took the survey just slightly outnumber women at 53 percent. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$30,231 - $66,693
(Median)
$30K
$41K
$67K
MEDIAN: $40,593
10%
50%
90%

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$9.73 - $19.70
(Median)
$9
$14
$20
MEDIAN: $14.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$23K$46K$69K
Salary
$30,231 - $66,693  
   
Bonus
$0.00 - $5,195  
Profit Sharing
$49.32 - $19,866  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$20,859 - $50,666  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 215
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$10$20$30
Hourly Rate
$9.73 - $19.70  
   
Overtime
$14.75 - $29.88  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$20K$40K$60K
Bonus
$0.00 - $5,195  
   
Profit Sharing
$49.32 - $19,866  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$20,859 - $50,666  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 619
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Job Description for Inventory Specialist

Inventory specialists are normally in charge of ordering, receiving and counting all types of products for their organization. They are also responsible for ensuring that inventory records are accurate at all times, which they do through daily or weekly counts of all products. Inventory specialists work with products being shipped to customers and properly log all receipts to ensure accurate inventory counts. In some cases, they may be in charge of preparing orders and related documents to purchase additional items or stock. This is generally a full-time position performed in a warehouse setting. Heavy lifting, as well as constant movement throughout the warehouse, is generally required.

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Inventory Specialist Tasks

  • Submit annual budget reports, ensure financial standards, and resolve issues.
  • Act as liaison between the warehouse and customer service.
  • Assess and monitor warehouse transactions.
  • Track inventory maintenance and control equipment flow.

Inventory Control Specialist Job Listings

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Popular Employer Salaries for Inventory Specialist


Known for taking on a considerable number of Inventory Specialists, Best Buy, Apple Computer, Inc, Staples, Inc., Advance Auto Parts, Inc., and CVS / Pharmacy are leading firms in the industry. Employees of Apple Computer, Inc can expect to make the most, with the company offering a median salary of $39K; however, pay is widely dispersed from bottom to top, ranging from $31K to $56K.

Salaries are easily beat at Best Buy, where median pay comes to just $23K, the lowest in the field. What's more, with base pay starting at $20K and ending at $29K, range in salary is rather small.

Popular Skills for Inventory Specialist


Inventory Specialists generally report applying a varied skill set to their work. Most notably, skills in Shipping, Data Entry, Purchasing, and Inventory Management are correlated to pay that is above average, with boosts between 5 percent and 12 percent. For most people, competency in Inventory Control indicates knowledge of Order Inventory.

Pay by Experience Level for Inventory Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.


More years of relevant experience do not necessarily translate to higher paychecks. Although individuals who have less than five years' experience earn $31K on average, people with five to 10 years benefit from a notably larger average of $34K. The average pay reported by folks with 10 to 20 years of experience is around $37K. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $40K.

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Experience Affects Inventory Specialist Salaries




National Average
$32,000


Skills That Affect Inventory Specialist Salaries

Shipping
up arrow 12%

Data Entry
up arrow 9%

Purchasing
up arrow 5%

Inventory Management
up arrow 3%

Inventory Control
0%

Microsoft Excel
0%

National Average
$32,000

Order Inventory
up arrow 1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 103 votes.

Gender

Female
47 %
Male
53 %

Years of Experience

Less than 1 year
6%
1-4 years
44%
5-9 years
23%
10-19 years
18%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 73%
dental benefits
Dental: 63%
medical benefits
Vision: 54%
dental benefits
None: 25%
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