Top 10 Largest Employers in the World

0
447
Top 10 Largest Employers in the World

Top 10 Largest Employers in the World

As governments in industrialised nations cut spending and the private sector prepares for another slump, the global economy is once again in a dangerous position. There is a jobs crisis as a result of double-digit unemployment rates in several wealthy nations. In the middle of this, many biggest businesses in Western and emerging markets are actually increasing the number of employees on their payrolls.

Based on data from Reuters, international stock indices, corporate websites, annual reports, and other publicly available information, we’ve compiled a list of the biggest employers in the world. Except for a few instances where the business primarily relies on part-time workers, we have only used full-time staff. In these instances, we have made it clear that the number includes part-time employees.

The largest employers on the planet are engaged in a number of sectors, including finance, telecommunications, energy, military and retail.

Keep reading to know “Top 10 Largest Employers in World 2023”.

10. Foxconn: 1.3 million
9. Amazon: 1.3 million
8. National Health Service of the UK: 1.34 million
7. Indian Railways: 1.4 million
6. Indian Armed Forces: 1.45 million employees
5. China National Petroleum Corporation: 1.5 million
4. McDonald’s:1.7 million
3. People’s Liberation Army (PLA): 2.185 million
2. Walmart: 2.2 million
1. The US Department of Defence: 2.86 million people

10. Foxconn: 1.3 million

China’s largest private employer is Foxconn, a subsidiary of Taiwan’s Hon Hai Precision Industry Company (commonly known as Foxconn). The contract manufacturer, which has caused a lot of controversy due to claims of bad worker standards, produces technology for Apple, Samsung, and other businesses. The company still employs 1.3 million people despite having replaced 50% of its workforce with robots by 2016. As Hon Hai Precision Industry Co. Ltd., it was established in 1974. It was started by Terry Gou, and it has headquarters in Taiwan’s New Taipei’s Tucheng District. It makes more than $132.19 billion in revenue every year.

9. Amazon: 1.3 million

Unlike other companies, Amazon launched a significant hiring drive during the pandemic. This led to an expansion in Amazon’s employment from 800,000 to 1.3 million individuals. This number includes both part-time and full-time employees, as well as freelancers and temporary employees. It was once known as Cadabra and was founded in 1994. Jeff Bezos created it, and Seattle, Washington, in the United States, is home to its headquarters. The company generated a net income of approx. $21.331 billion last year.

Amazon has built a reputation for upending long-established sectors through technical innovation and “aggressive” reinvestment of revenues into capital expenditures. In terms of revenue and market share, as of 2021, it was the biggest online retailer and marketplace, supplier of smart speakers, cloud computing service through AWS, and Internet firm worldwide. Amazon Prime, a paid subscription service with more than 200 million subscribers globally, helped the company overtake Walmart in 2021 to become the largest retailer in the world outside of China. In terms of private employment, it ranks second in the country.

8. National Health Service of the UK: 1.34 million

The National Health Service (NHS), the oldest public healthcare institution in the world, is also one of the largest employers on the planet. The workforce is now projected at 1.34 million individuals, ranging from clinical staff to emergency contact centre employees, according to NHS statistics from May 2021.

There are 1.5 million individuals employed by the NHS in England, and personnel costs make up about two thirds of the money spent by NHS providers. The NHS is one of the major employers worldwide and the largest employer in the nation.

Despite having a large labour force, it is becoming more and more clear that the NHS cannot keep up with demand. Here, we provide information on the size and composition of the present NHS staff, to the extent that the data available permit. We describe the severity of the current shortages, their impact, and some impending workforce challenges.

7. Indian Railways: 1.4 million

India’s state-owned railway network employs over 1.4 million people and is renowned for its punctuality and staggering size. A whopping 8.1 billion passengers travel on the vast network, which runs both suburban and long-distance services, every year, covering hundreds of thousands of km.

Indian Railways (IR), a statutory organisation owned by the Indian government and in charge of running the whole nation’s rail system, is a part of the Ministry of Railways. Its overall route length as of the end of March 2022 was 68,103 km (42,317 mi), ranking it as the fourth largest national railway system in the world in terms of area. On 52,247 km (32,465 mi), or 83% of all broad-gauge railways, electrified 25 kV 50 Hz AC electric traction will be in use by the first day of April 2022.

Indian Railways had a rolling fleet of 12,729 locomotives, 76,608 passenger coaches, and 2,93,077 freight waggons as of March 2020. IR owns production facilities for locomotives and coaches in numerous locations around India. It had 1.254 million employees as of March 2020, making it the sixth largest employer worldwide. By 2023–2024, the government has promised to electrify every train line in India, and by 2030, it hopes to have created “net zero (carbon emissions) railways.”

6. Indian Armed Forces: 1.45 million employees

There are 1.2 million reserve soldiers and little over 1.45 million active members of India’s Armed Forces, which include the Army, Navy, and Air Force. The nation’s military expenditures have significantly increased in recent years, rising from $56.64 billion in 2016 to $71.12 billion in 2019.

The Ministry of Defence of the Government of India is in charge of the Indian Armed Forces. It is the second-largest military in the world and has the biggest volunteer army, with a strength of over 1.4 million active personnel. Also, it has the third-largest defence budget worldwide. It is ranked as the fourth-most powerful military according to the Global Firepower Index assessment.

5. China National Petroleum Corporation: 1.5 million

Oil and gas production in China is solely controlled by China’s National Petroleum Corporation (CNPC). Azerbaijan, Canada, Venezuela, Iran, and Canada are just a few of the 30 nations where the massive company’s 1.5-million-person workforce runs drilling rigs and refineries.

The largest integrated oil and gas corporation in China is the CNPC, which holds this title. In nations including Iraq, Iran, Syria, and Uzbekistan, it is presently engaged in work or creating projects. Since 2005, six people have died in accidents or incidents, and many rivers and oceans have been contaminated.

4. McDonald’s:1.7 million

One of the most valuable brands in the world and one of only three American businesses to rank among the top ten employers is McDonald’s. McDonald’s, the largest chain of fast-food hamburger restaurants in the world, was established in 1955 by American entrepreneur Ray Kroc. More than 33,000 of the company’s restaurants—of which more than 80% are operated by independent franchisees—are located in 118 different countries.

On “national hiring day” in April of this year, McDonald’s made news when it hired a staggering 62,000 Americans in a single day. That was more than the 50,000 employees it had expected to hire that day to increase its American headcount by 7%. Europe accounted for 41% of McDonald’s global sales in 2010, making it the company’s largest market. The rest of the globe contributed about 21%, while the United States accounted for 34% of its revenue.

3. People’s Liberation Army (PLA): 2.185 million

The People’s Liberation Army (PLA), which has 2.185 million active and reserve members, is the biggest army in the world. The Ground Force, Navy, Air Force, Rocket Force, and Strategic Support Force are the five divisions that make up the People’s Liberation Army (PLA), the largest-growing military in the world. It has undergone considerable refurbishment recently.

The People’s Liberation Army has its origins in the communist-led Nanchang Uprising against the Nationalists in 1927. Initially known as the Red Army, it rose from 5,000 men in 1929 to 200,000 in 1933 under Mao Zedong and Zhu De. Only a small portion of this force made it through the Long March in retreat from the Nationalists. After regaining its strength, the Eighth Route Army fought alongside the Nationalists against the Japanese in northern China. Following World War II, communist forces called the People’s Liberation Army defeated the Nationalists, allowing the People’s Republic of China to be established in 1949.

2. Walmart: 2.2 million

With 2.2 million employees across the United States and a few foreign nations, Walmart is the largest private-sector employer in the world. It has an estimated $559 billion in market capitalization and the largest company in the world by revenue. Massmart in South Africa is one of the many significant affiliates that Walmart also owns.

The largest retailer in the world, Wal-Mart Stores, has more than 9,600 locations in 28 countries and is considered the world’s best employer.

Sam Walton, an entrepreneur from Arkansas, launched the corporation in 1962. With a 48 percent ownership stake in the business, the Walton family continues to rank among the richest families in the world.

The number of workers at Wal-Mart increased by almost 17% from 1.8 million in 2005 to 2.1 million in 2010. The business has been successful in producing high revenues and profits per employee at that time. When compared to 2005, its yearly sales per employee increased by around $27,000, and its profit per employee increased by $900.

About 1.4 million of its 2.1 million employees worldwide are based in the United States. Wal-Mart is one of the biggest employers in Canada and Mexico outside of the United States. The same quarter saw $109 billion in international sales.

1. The US Department of Defence: 2.86 million people

The United States Department of Defence is the largest employer in the world, employing 2.86 million people in total. Both civilian employees and serving personnel are included in this group. The United States military not only has the most personnel of any armed force, but it also has the greatest defence budget in the world, which totalled $738 billion in 2020.

The United States Department of Defense is a federal executive branch department tasked with organising and supervising all government departments and services directly related to national security and the United States Armed Forces. The Department of Defense is the world’s largest employer, with about 1.34 million active-duty service members (soldiers, marines, sailors, airmen, and guardians) as of June 2022.

The Department of Defence also employs over 778,000 National Guard and reservists, as well as over 747,000 civilians, for a total of over 2.87 million people. The Department of defence (DoD) is headquartered in the Pentagon in Arlington, Virginia, just outside Washington, D.C., and its declared objective is to provide “the armed forces required to deter war and ensure our nation’s security.”

FAQs

Q.1- Who are the top 10 largest employers in the world?

  • 10. Foxconn: 1.3 million
  • 9. Amazon: 1.3 million
  • 8. National Health Service of the UK: 1.34 million
  • 7. Indian Railways: 1.4 million
  • 6. Indian Armed Forces: 1.45 million employees
  • 5. China National Petroleum Corporation: 1.5 million
  • 4. McDonald’s:1.7 million
  • 3. People’s Liberation Army (PLA): 2.185 million
  • 2. Walmart: 2.2 million
  • 1.The US Department of Defence: 2.86 million people

Q.2- Who is the biggest employer in the world?

The United States Department of Defence is the largest employer in the world, employing 2.86 million people in total. Both civilian employees and serving personnel are included in this group. The United States military not only has the most personnel of any armed force, but it also has the greatest defence budget in the world, which totalled $738 billion in 2020.

Q.3- Who is the largest employer in India?

The largest employer in the nation is the Indian Armed Forces, also known as the Republic of India’s Armed Forces. The Indian Army, Indian Navy, and Indian Air Force are the three professional uniformed services that make up this group.

The Central Armed Police Forces, Assam Rifles, Indian Coast Guard, Special Frontier Force, and a variety of inter-service commands and organisations, including the Strategic Forces Command, the Andaman and Nicobar Command, and the Integrated Defence Staff, provide assistance to the Indian Armed Forces. The Prime Minister of India and their chosen Cabinet Ministers are in charge of making executive decisions regarding national security while the President of India serves as the Indian Armed Forces’ Supreme Commander.

Must Read:- 

LEAVE A REPLY

Please enter your comment!
Please enter your name here