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Institute of Commercial Payments Salary Survey Reveals Compensation Trends in Commercial Payments

January 3, 2025
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Institute of Commercial Payments (IOCP) has released the results of the eighth edition of its salary survey, offering an in-depth analysis of compensation structures across the Commercial Card and Payments industry.
The report provides insights into high, low, and average salaries by role, sector (corporate, higher education and government/K-12), experience level and education. It also includes comparative earnings between professionals with and without the Certified Purchasing Card Professional (CPCP) credential, as well as compensation based on the size of the programs managed. HR Tech Insights: Flexibility Emerges as the Top Job Benefit for Hourly Workers
"Our exclusive Salary Survey Report is more than data," said Laura Flandrick, CPCP, CPA, IOCP Managing Director. "As the gold standard for compensation insights, it helps employees navigate career growth and compensation expectations more strategically, while allowing employers to benchmark their compensation packages to attract and retain the best talent." This report will also help Commercial Payments end-user practitioners more effectively:
  • Benchmark Earnings: Compare salary to industry averages by role, sector and experience level
  • Support Compensation Negotiations: Leverage data on salary trends, including sector-specific pay and the impact of program size, to strengthen the case in salary and promotion discussions
HR Tech Insights: Equitable Survey Finds Most Americans Regret Open Enrollment Benefit Choices Sampling of key findings:
  • 55% more is earned by corporate management oversight positions than those in corporate program administration
  • When separating salary by job role and sector, corporates continue to earn the highest on average followed by government/K-12, then higher education.
  • Those with the Certified Purchasing Card Professional (CPCP) credential make more on average regardless of sector.

HR Tech Insights: Flexible Schedules and Fast Payments Key to Job Satisfaction, New Workforce Survey Finds

Source – PRWeb

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