Inventory Specialist Salary

Inventory Specialists in the United States take home approximately $14.05 per hour on average. Cash earnings for Inventory Specialists — which occasionally include more than $5K from bonuses and more than $20K from profit sharing — stretch from around $21K to approximately $51K. Earnings for this group are mostly affected by the particular firm, followed by geography and years of experience. Job satisfaction is high and work is enjoyable for most Inventory Specialists. While some workers in this profession — one-fourth — do not have any health coverage, a strong majority do receive medical benefits and more than half have dental insurance. Women are just slightly outnumbered, with male Inventory Specialists making up 53 percent of survey respondents. Respondents to the PayScale salary survey provided the data for this report.
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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


Best Buy, Apple Computer, Inc, Staples, Inc., Advance Auto Parts, Inc., and CVS / Pharmacy are all popular places to work. For Inventory Specialists, comfortable salaries can be found at Apple Computer, Inc; in fact, average earnings are around $39K, the highest in the area, though the difference in the company's lowest and highest employee paychecks ($31K versus $56K) is great.

Employees at Best Buy take home the smallest paychecks, and $23K is the median salary. Furthermore, range in pay is narrow, with salaries starting at $20K and quickly nearing the top at only $29K.

Popular Skills for Inventory Specialist


Survey results suggest that Inventory Specialists use a fairly large toolkit of professional skills. 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. Most people experienced in Inventory Control also 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, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Workers in their first five years can expect to earn $31K, but people who have been around for five to 10 years earn a noticeably bigger sum of $34K. Inventory Specialists with one to two decades of relevant experience report an average salary of approximately $37K. Veterans who have acquired more than 20 years report a median income of $40K, which is generally higher than the pay reported by other tenure groups.

Inventory Specialist Reviews

What is it like working as an Inventory Specialist?

Inventory Specialist in Syracuse:
"Culture is good."
Pros: It requires a lot of problem solving and communication, which keeps it interesting. The atmosphere is great, and I am given a lot of freedom.
Cons: The fact that I relocated thousands of miles away from my family and I have to scrimp and scringe to go see them.

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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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