Inventory Specialist Salary

The average Inventory Specialist in the United States earns approximately $14.08 per hour. Earnings for this group are mostly affected by geography, followed by the company and experience level. Not all workers are lucky enough to have benefits; in fact, close to one-fourth are without coverage. Medical insurance is claimed by a fair number and dental insurance is reported by the larger part. Men make up a slight majority of Inventory Specialists (52 percent) who responded to the survey. Job satisfaction for Inventory Specialists is high. Respondents to the PayScale salary survey provided the data for this report.
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$29,914 - $63,616
(Median)
$30K
$40K
$64K
MEDIAN: $40,138
10%
50%
90%

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$9.65 - $20.00
(Median)
$9
$14
$20
MEDIAN: $14.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$22K$44K$66K
Salary
$29,914 - $63,616  
   
Bonus
$0.00 - $4,500  
Profit Sharing
$92.37 - $2,035  
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).
)
$20,929 - $51,149  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 174
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$11$22$33
Hourly Rate
$9.65 - $20.00  
   
Overtime
$14.77 - $30.26  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$22K$44K$66K
Bonus
$0.00 - $4,500  
   
Profit Sharing
$92.37 - $2,035  
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).
)
$20,929 - $51,149  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 431
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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


Although salaries only range from $30K to just $43K, Apple Computer, Inc still offers the highest pay with a median paycheck of $38K.

Not only do salaries lack room to grow — pay ranges from $19K to just $29K — but Best Buy offers the lowest pay in town to boot, with a median paycheck of $23K.

Popular Skills for Inventory Specialist


Survey results suggest that Inventory Specialists use a fairly large toolkit of professional skills. Most notably, skills in Data Entry, Shipping, Purchasing, and Inventory Management are correlated to pay that is above average, with boosts between 5 percent and 8 percent. At the other end of the pay range are skills like Order Inventory. Those familiar with Inventory Control also tend to know Order Inventory.

Pay by Experience Level for Inventory Specialist

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


For Inventory Specialists, experience does not seem to be a major factor in determining pay. Salaries for the relatively untried average out to around $31K, but survey participants with five to 10 years of experience earn a significantly higher median of $34K. Inventory Specialists who work for 10 to 20 years in their occupation tend to earn about $36K. 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

Late-Career
up arrow 23%



National Average
$33,000


Skills That Affect Inventory Specialist Salaries

Data Entry
up arrow 8%

Shipping
up arrow 6%

Purchasing
up arrow 5%

Inventory Management
up arrow 3%

Inventory Control
0%

Microsoft Excel
0%

National Average
$33,000

Order Inventory
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 85 votes.

Gender

Female
48 %
Male
52 %

Years of Experience

Less than 1 year
6%
1-4 years
42%
5-9 years
25%
10-19 years
19%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 74% dental benefits Dental: 64%
vision benefits Vision: 55% employee benefits None: 24%
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