Supplier Diversity Director Salary
Earnings for Supplier Diversity Directors in the United States come in at around $90K per year on average. The vast majority of Supplier Diversity Directors (84 percent) who participated in the survey are women. Almost all get medical and dental insurance, and a fair number get vision plans, too. The majority of individuals in this role claim moderate levels of job satisfaction. The data for this synopsis comes from respondents who took the PayScale salary survey.
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|Salary||$69,177 - $139,741|
|Bonus||$1,010 - $15,178|
|Total Pay (||$69,625 - $144,298|
Job Description for Supplier Diversity Director
Supplier diversity directors generally work for large companies and are responsible for programs which support the diverse businesses which supply their companies with goods or services. Excellent managerial and leadership skills are important in this position, as they must provide guidance and leadership on matters related to supplier diversity throughout their organizations. They also serve a liaison function between their company and diverse supplier advocacy groups and provide information and presentations to these groups and other interested parties. Interpersonal skills and excellent verbal and written communication skills are also important.Read More...
Aspiring supplier diversity directors should have a college degree in business, finance, marketing, or a related field, and some employers may prefer those who have master's degrees. Some employers also require that these directors have commensurate work experience; however, qualified employees from within a company may be promoted to this position.
Supplier diversity directors must ensure that their companies include qualified and diverse suppliers, such as qualified minority businesses, women-owned businesses, veteran-owned businesses, LGBT-owned businesses, and many others. They must not discriminate in hiring their suppliers and should consider them objectively based on quality, competitiveness, cost, safety, turnaround time, lead time, etc. They must always stay up-to-date with government rules and regulations related to supplier diversity programs, and should also work closely with their legal departments.
Those in this position are encouraged to attend relevant conferences and read professional journals, and some may be required to travel and/or train, coach, and mentor other staff members within their companies.
Supplier Diversity Director Tasks
- Develop and implement strategic plan to increase supplier diversity.
- Work with multi-faceted teams to meet supplier diversity goals.
- Develop and direct training for sourcing teams.
- Develop planning and assessment tools and resources.
- Assess and improve or update policies and procedures.
Pay by Experience Level for Supplier Diversity Director
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Supplier Diversity Directors, experience does not seem to be a major factor in determining pay. Relatively untried employees who have less than five years' experience make $92K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $99K. Professionals who spend a good 10 to 20 years in the workforce haul in an average of $101K. In the end, more experience does seem to mean larger paychecks; seasoned Supplier Diversity Directors with more than 20 years of experience earn a predictably higher median salary of $105K.
Key Stats for Supplier Diversity Director
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