Supplier Diversity Director Salary
For Supplier Diversity Directors, yearly average wages total $91K annually. Among folks in this role, job satisfaction levels approximately match the national average. Nearly all have medical and dental plans, and a strong majority have vision insurance. Men are in the minority of survey respondents, with female Supplier Diversity Directors making up 74 percent.
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.
Supplier Diversity Director Job Listings
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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, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Although individuals who have less than five years' experience earn $91K on average, people with five to 10 years benefit from a notably larger average of $100K. Supplier Diversity Directors who work for 10 to 20 years in their occupation tend to earn about $100K. Veterans who boast more than two decades of experience make around $105K on average — an ample six-figure paycheck.
Key Stats for Supplier Diversity Director
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