Supplier Diversity Director Salary
For Supplier Diversity Directors, yearly average wages total $94K annually. Most Supplier Diversity Directors are fairly content with their jobs, and work satisfaction falls in line with the national average. Nearly all get medical and dental insurance, and most get vision plans, too. Women make up the vast majority of Supplier Diversity Directors (86 percent) who answered the questionnaire.
|Salary||$77,701 - $141,563|
|Bonus||$4,848 - $15,319|
|Total Pay (||$81,903 - $146,001|
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 planning and assessment tools and resources.
- Assess and improve or update policies and procedures.
- Develop and direct training for sourcing teams.
- Develop and implement strategic plan to increase supplier diversity.
- Work with multi-faceted teams to meet supplier diversity goals.
Supplier Diversity Director Job Listings
Pay by Experience Level for Supplier Diversity Director
Pay by Experience for a Supplier Diversity Director has a positive trend. An entry-level Supplier Diversity Director with less than 5 years of experience can expect to earn an average total compensation of $92,000 based on 17 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Supplier Diversity Director with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $99,000 based on 26 salaries. An experienced Supplier Diversity Director which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $101,000 based on 15 salaries. A Supplier Diversity Director with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $105,000 based on 8 salaries.
Key Stats for Supplier Diversity Director
Rated 4 out of 5
based on 5 votes.