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IFT Releases New Compensation and Career Path Report Highlighting Latest Trends in Food Science Careers

IFT Releases New Compensation and Career Path Report Highlighting Latest Trends in Food Science Careers

CHICAGO –– Food Technologies Institute IFT is a nonprofit scientific organization dedicated to advancing food science and its applications in the global food system. 2024 Compensation and Career Path Report examines career trends in food science, including compensation, job satisfaction, and workplace challenges. The comprehensive resource is an invaluable tool for seasoned and novice food science professionals, HR managers in food and beverage organizations, and food science professors and students. The report includes data on compensation and career trends across a variety of job titles and functions in the food industry, academia, government, and nonprofit organizations. It covers salary distributions by geographic region, job function, gender, race, and more.

The survey was sent to more than 35,000 members of the food science community, resulting in a response rate of approximately 20 percent higher than the surveyed data. 2022 Compensation and Career Path ReportThis year also saw a significant increase in responses from younger professionals with less experience, with the report examining attitudes by generation for the first time, with almost half of respondents falling into the “Millennial” generation category.

One of the many interesting comparisons made between generational survey participants was around salary transparency; while ‘Gen Z’ and ‘Millennials’ overwhelmingly (over 70%) support sharing salary information, only 34% of ‘Gen X’ and ‘Baby Boomers’ agree, pointing to one of the many generational conflicts employers may face in the modern workforce.

“Today, there is no other resource that provides such critical, up-to-date information on the state of food science careers to help employers better address modern challenges by improving retention and attraction, and to help employees and job seekers prepare for a career change or transition,” said IFT CEO Christie Tarantino-Dean. “And because of the significant increase in young professional responses this year, the report also provides invaluable insight into the minds of new professionals as they enter or move up in the workplace.”

While some trends overlap with broader workplace trends, such as an increasingly diverse workforce, increased interest in changing jobs (nearly one-third of respondents had considered changing jobs in the last 24 months), greater flexibility at work, and working a side hustle in addition to a full-time job, the report also includes a few surprising statistics that point to potential change in a few key areas.

Click to download the report Here or go https://info.ift.org/salary24.

It costs $179 but is free for IFT Premier Members and IFT Student Members, while other IFT membership levels can purchase the Report at a discount. To learn more about becoming an IFT member, go to: https://www.ift.org/membership.

The findings of the report will be made available at: BEFORE IFTIFT’s annual food science, technology, and innovation event at McCormick Place in Chicago. The session will be held on the Business FIRST stage on Tuesday, July 16 from 10:30 – 11:15 CDT.

Last year, IFT Feeding tomorrow Fund published Academic Knowledge Base 2023: Food Science and Technology Education Insightssummarizes the state of food science education. Combining quantitative and aggregate institutional data from food science programs worldwide, the report covers application and enrollment trends, growing and declining interest, as well as individuals and sources of influence. The student-based research report includes participation from 700 students from 33 local and international institutions.

Click to download “Academic Knowledge Base 2023: Food Science and Technology Education Insights” Here or go https://www.ift.org/feeding-tomorrow-fund/research-and-resources/academic-knowledge-base.

About Food Technologies Institute

The Institute of Food Technologists (IFT) is a global organization of more than 11,000 individual members from more than 90 countries dedicated to advancing food science. Since 1939, IFT has brought together the brightest minds in food science, technology and related professions from academia, government and industry to solve the world’s biggest food challenges. IFT works to ensure that its members have the resources they need to learn, grow and innovate to advance food science as our population and our world evolve. IFT believes that science and innovation are essential to ensuring a global food supply that is sustainable, safe, nutritious and accessible to all. For more information, please visit: ift.org.