Determine a fair inventory control salary based on job description If you don't have job descriptions for your inventory management positions, create them. Things to include are job duties, skills set and expectations. Then, use inventory management salary tools to help you figure out the average inventory management pay for a person that matches the job description. Be sure to keep the number of years of experience and job location in mind.

I recommend:  Use the salary tool on Indeed to find average salaries of inventory managers in your city and state. Check out Vault Employee Surveys to find inventory management salaries from real people at real jobs.

Compare salaries of inventory managers on national job boards You can research all day long and find plenty of hypothetical references, but sometimes real-life examples provide the best information. Check your local newspaper's classified section or search online job boards to find average inventory manager salary information from real job postings. Keep a log for a few weeks to see if a pattern emerges.

I recommend:  Search for current jobs that list inventory management pay at Simply Hired and Juju.

Buy inventory manager salary software As a business owner, you may not have the time to do extensive research on salaries of inventory managers, yet you want to come up with fair pay for your staff. Online salary research services and compensation software programs can get you the information you need and are usually quite simple to use.

I recommend:  Halogen Software takes the guesswork out of providing fair compensation to staff at all levels. StepStone Solutions can help you attract and keep the best employees by determining a fair inventory management pay scale.