$41,756
Avg. Salary
$14.06
Avg. Hourly Rate

Average additional compensation:

$1,029

Bonus

$1,952

Profit Sharing

$3,000

Commission

What am I worth?
How should I pay?

The average pay for an Inventory Specialist is $14.06 per hour.

The average pay for an Inventory Specialist is $41,756 per year.

$9.96
10%
$14.06
50%
$20.27
90%
MEDIAN $14.06
$30k
10%
$42k
50%
$67k
90%
MEDIAN $41,756
$30,134 - $66,692
$30K
$42K
$67K
MEDIAN: $41,756
10%
50%
90%

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$9.96 - $20.27
$10
$14
$20
MEDIAN: $14.06
10%
50%
90%

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$0$66K
Salary $30,134 - $66,692
Bonus $194 - $5,903
Profit Sharing $48.18 - $5,790
Commission $3,000
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).
)
$21,153 - $50,218
  • Country: United States
  • Currency: USD
  • Updated: 9 Feb 2019
  • Individuals Reporting: 357
Hourly Data $0$29
Hourly Rate $9.96 - $20.27
Hourly Tips $0.03
Overtime $15.30 - $29.50
Annual Data $0$50K
Bonus $194 - $5,903
Commission $3,000
Profit Sharing $48.18 - $5,790
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).
)
$21,153 - $50,218
  • Country: United States
  • Currency: USD
  • Updated: 9 Feb 2019
  • Individuals Reporting: 1,465

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.

Read More...
Inventory Specialist Tasks
  • Assess and monitor warehouse transactions.
  • Track inventory maintenance and control equipment flow.
  • Submit annual budget reports, ensure financial standards, and resolve issues.
  • Act as liaison between the warehouse and customer service.

Popular Employer Salaries for Inventory Specialist


Many Inventory Specialists can be found at Best Buy, CVS / Pharmacy, Staples, Inc., Advance Auto Parts, Inc., and Apple Computer, Inc, firms that are at the top of the field. The biggest paychecks can be found at Apple Computer, Inc — the median salary there is $34K.

With a median salary of $22K, Staples, Inc. provides Inventory Specialists with the lowest pay in their field; moreover, earnings are capped at only $27K, limiting employee salary growth.

Common Career Paths for Inventory Specialist


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Inventory Specialists who move on to become Inventory Managers may enjoy significant pay raises, as Inventory Managers get paid an average of $43K per year.

Inventory Specialist Job Listings

Popular Skills for Inventory Specialist


Survey takers working as Inventory Specialists report using a large range of professional skills. Most notably, skills in Microsoft Word, Microsoft Excel, Data Entry, and Purchasing are correlated to pay that is above average, with boosts between 11 percent and 18 percent. Most people familiar with Inventory Control also know Order Inventory.

Pay by Experience Level for Inventory Specialist

Pay by Experience for an Inventory Specialist has a positive trend. An entry-level Inventory Specialist with less than 5 years of experience can expect to earn an average total compensation of $29,000 based on 610 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Inventory Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $34,000 based on 229 salaries. An experienced Inventory Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $37,000 based on 184 salaries. An Inventory Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $40,000 based on 63 salaries.

Pay Difference by Location

39%

25%

13%

9%

-12%

National Average: $32,037

Larger city markers indicate a job is popular in that location.

Inventory Specialists will find that Atlanta offers an impressive pay rate, one which exceeds the national average by 40 percent. Inventory Specialists will also find cushy salaries in Minneapolis (+29 percent), San Diego (+26 percent), Houston (+14 percent), and Salt Lake City (+12 percent). Compared to the national average, Memphis Inventory Specialists have considerably lower salaries, 21 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Two other places where employers offer below-median salaries are New York (11 percent less) and San Antonio (10 percent less).

Inventory Specialist Reviews

Q: What is it like working as an Inventory Specialist?

Inventory Specialist in Waco:
"Very enjoyable."
Pros: The location, close to home.
Cons: I don't have any dislikes.

Inventory Specialist in Long Beach:
"Hardest working, team player, lead by example kind of fellow."
Pros: The amazing people and talents I was able to learn from. Cavotec is the best in the business.
Cons: Underpaid for duties.

Inventory Specialist in Auburn:
"Good Job."
Pros: The Inventory Associate position is not an overly stressful job.
Cons: The work is hard. You must be dedicated in order to succeed in this position.

Inventory Specialist in College Station:
"Working at ReyRey."
Pros: The full-time basic level associates are great.
Cons: I dislike the sexist ways and lack of acknowledgement for accomplishments or beneficial ideas for a department or the company as a whole.

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.

Inventory Specialist in Memphis:
"Its hard but stable."
Pros: Stability.
Cons: The pay.

Inventory Specialist in Los Angeles:
"Get to know the process, from the beginning."
Once you start your position, get to know the people and how process of how all products move from production to shipping. Getting to know your personnel always helps because you will have questions and you need to get the most information possible to make the correct adjustments.

Related Job Salaries

Key Stats for Inventory Specialist

Gender

Female
44 %
Male
56 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 349 votes.
Less than 1 year
6%
1-4 years
52%
5-9 years
19%
10-19 years
17%
20 years or more
7%

Experience Affects Inventory Specialist Salaries

▲25%

▲16%

▲6%

National Average
$32,000

▼11%

Skills That Affect Inventory Specialist Salaries

Microsoft Word
▲16%


Data Entry
▲10%

Purchasing
▲6%

Data Analysis
▲5%

▲4%

Shipping
▲1%


National Average
$32,000

Inventory Control
▼2%


Microsoft Office
▼3%

Customer Service
▼4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 349 votes.

Gender

Female
44 %
Male
56 %

Years of Experience

Less than 1 year
6%
1-4 years
52%
5-9 years
19%
10-19 years
17%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 69%
dental benefits
Dental: 59%
vision benefits
Vision: 51%
no benefits
None: 29%