Top 10 Largest Employers In The World: A Detailed Breakdown Of Their Business Metrics

“Largest Employers in the World” isn’t just a phrase; it holds essential information for entrepreneurs like you. Have you ever wondered about the influential players shaping the job market? Today, we untangle this story, exploring these private entities’ crucial role in molding the world economy.

This blog post, tailored for sharp business minds like yours, aims to break down the business metrics of the world’s biggest employers. By the end, you’ll be familiar with their key metrics, inspiring aspiring entrepreneurs like yourself. So, let’s begin!

List of Top 10 Largest Employers In The World in 2024:

Here Are The Top 10 Largest Employers In The World

1. Walmart

• Industry: Retail
• Founder: Walton family
• Foundation Year: 1962
• Number of employees: 2,100,000

When speaking about the largest employers in the world, Walmart ranks first. It is headquartered in Bentonville, Arkansas, United States. It runs more than 10,500 stores in 19 countries. Its market cap is $437.16 billion. Some of its major subsidiaries are:

Firstly Sam’s Club: This is a retail warehouse for members only. It provides products and services to small businesses. It operates over 600 clubs in the United States and Puerto Rico.

Secondly, Seiyu Group: This is a Japanese retail group. It includes supermarkets, department stores, and shopping centers. It has 328 stores in Japan.

Thirdly, Flipkart: This is an Indian e-commerce company. It offers a variety of products online. It has 400 million registered users and 150 million products in 80 categories.

Lastly, Walmart de México y Centroamérica: This is a retail chain in Mexico and Central America. It has more than 2000 stores in six countries. They are supermarkets, hypermarkets, warehouse clubs, and convenience stores.

2. Amazon

• Industry: e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence
• Founder: Jeff Bezos
• Foundation Year: 1994
• Number of employees: 1,500,000

Amazon ranks second on the list of the largest employers in the world. Seattle, Washington, is where Amazon has its global headquarters. It operates in more than 185 locations worldwide. Its market cap is $1.605 trillion. Some of its major subsidiaries are:

Firstly, Amazon Web Services (AWS): It’s a  cloud computing platform. It provides computing, storage, databases, analytics, networking, security, and more services.

Secondly, Amazon Prime: This is a subscription service. It has about 200 million subscribers around the world.

Thirdly, Amazon Studios: This is a film and television production and distribution company. It creates original content for Amazon Prime Video.

Lastly, Whole Foods Market: This is a supermarket chain. Amazon bought it in 2017.

3. Foxconn (Hon Hai Precision Industry)

• Industry: Electronics
• Founder: Terry Gou
• Foundation Year: 1974
• Number of employees: 826,608

Headquartered in Tucheng District, Taipei, Taiwan, Foxconn operates in 24 countries with 173 offices. Boasting a market cap of $44.19 billion, it holds a prominent position. It ranks third in the list of the largest employers in the world. Some of its major subsidiaries are:

Firstly, Foxconn Industrial Internet (FII): This is an industrial internet solutions provider. It offers cloud computing, big data, artificial intelligence, and 5G.

Secondly, Foxconn Interconnect Technology (FIT): This is an interconnect product manufacturer. It makes cables, connectors, antennas, modules, and optical components.

Thirdly, FIH Mobile: This is a mobile device design, manufacturing, and after-sales services provider. It works with leading brands.

Lastly, ShunSin Technology: This is a semiconductor packaging and testing service provider. It offers wafer-level packaging, a system in the package, and a chip on film.

4. Accenture

• Industry: Professional services Information technology consulting
• Founder: Clarence Delany
• Foundation Year: 1989
• Number of employees: 733,000

Headquartered in Dublin, Ireland, Accenture ranks 4th on the list of the largest employers in the world. It has marked its global presence in more than 120 countries. It has a market cap of $230.23 billion. The following are some of its subsidiaries:

Firstly, Avanade: This is a joint venture with Microsoft. It specializes in Microsoft technologies. Microsoft and Accenture launched it in 2000.

Secondly, Accenture Federal Services: This is a provider of IT solutions and services for the federal government. Accenture bought it in 2002.

Thirdly, Droga5: This is a creative agency that produces advertising campaigns and brand strategies. Accenture acquired it in 2019.

Lastly, Duck Creek Technologies: This is a software company that provides solutions for the insurance industry. Accenture bought it in 2011.

5. Volkswagen

• Industry: Automotive
• Founder: German Labour Front
• Foundation Year: 1937
• Number of employees: 650,951

Headquartered in Wolfsburg, Germany, Volkswagen operates globally, spanning over 150 countries. With a substantial market capitalization of $62.74 billion. It ranks 5th in the list of the largest employers in the world. The following are a few of its notable subsidiaries:

Firstly, Ducati: This is a motorcycle manufacturer. Volkswagen acquired it in 2012 for €860 million.

Secondly, SEAT: It is a car manufacturer in Spain. Volkswagen bought a 51% stake in it in 1986.

Thirdly, Audi: This is a premium car brand. Volkswagen acquired it in 1966 for $267 million.

Lastly, Porsche: It’s a sports car maker. Volkswagen bought a 49.9% stake in it in 2009 for €4.46 billion.

6. Tata Consultancy Services

• Industry: Information Technology services and consulting
• Founder: J. R. D. Tata, Faquir Chand Kohli
• Foundation Year: 1968
• Number of employees: 614,795

Headquartered in Mumbai, TCS is a global IT services and consulting company with operations spanning 46 countries. Boasting a market cap of $169.51 billion. It ranks sixth in the list of the largest employers in the world. The firm has several subsidiaries, including:

Firstly, TCS e-Serve International Limited: This is a business process outsourcing company. Tata Consultancy Services acquired it in 2007.

Secondly, C-Edge Technologies Limited: In 2004, Tata Consultancy Services established a groundbreaking joint venture with the State Bank of India, offering cutting-edge IT solutions tailored specifically for the banking sector. This strategic collaboration has since evolved into a dynamic partnership, seamlessly integrating technology and financial services.

Thirdly, MP Online Limited: In 2006, Tata Consultancy Services initiated a collaboration with the Government of Madhya Pradesh, introducing computer-enabled services in the state.

This joint venture remains active, delivering technological solutions to benefit the region.

Lastly, TCS Financial Solutions: This is a software product company. It provides solutions for the financial industry.

7. DHL Group (Deutsche Post)

• Industry: Postal Services
• Founder: Adrian Dalsey, Larry Hillblom, and Robert Lynn
• Foundation Year: 1995
• Number of employees: 589,184

Headquartered in Bonn, Germany, DHL Group (Deutsche Post) ranks 7th on the list of the largest employers in the world. The company operates in over 220 countries. It has a market cap of $58.38 billion. The following are some of its subsidiaries:

Firstly, J.F. Hillebrand Group: This is an ocean freight forwarding company. DHL Group acquired it in 2021 for €1.5 billion.

Secondly, StreetScooter: This is a small electric vehicle manufacturer. DHL Group bought it in 2014 and sold it in 2022.

Thirdly, UK Mail: This is a business-focused postal service in the UK. DHL Group acquired it in 2016 for US$315.5 million.

Lastly, DHL eCommerce Solutions: This is a division that provides e-commerce-related logistics services. It was formerly known as DHL Parcel.

8. BYD

• Industry: Automotive
• Founder: Wang Chuanfu
• Foundation Year: 2003
• Number of employees: 570,100

Headquartered in Shenzhen, China, BYD operates globally with 30+ industrial parks. It boasts a market cap of $74.59 billion. Some of the company’s important subsidiaries are as follows:

Firstly, BYD Auto: The subsidiary was founded in January 2003 after BYD acquired Xi’an Qinchuan Automobile for HK$269 million.

Secondly, BYD Electronic: It’s the electronic parts and assembly subsidiary of BYD, was established in 2002 as a spin-off from BYD Company.

Thirdly, FinDreams: Launched in 2020, this automotive components subsidiary of BYD operates as a distinct brand, supplying batteries, motors, and various parts to fellow automakers. Specializing in cutting-edge solutions, it actively contributes to the automotive industry’s growth.

Lastly, Denza: The joint venture between BYD and Daimler was formed in 2011 to produce luxury electric vehicles for the Chinese market.

9. Compass Group

• Industry: Oil, gas, mining, and construction
• Founder: Dominic Blakemore
• Foundation Year: 1941
• Number of employees: 500,000

Lastly, on the list of the largest employers in the world, we have the Compass Group. This company is headquartered in Chertsey, United Kingdom. The Compass Group operates in 35 countries. It has a market cap of $47.29 billion. The following are some of its subsidiaries:

Firstly, Eurest: This subsidiary was acquired by Compass Group in 1995. The acquisition price was not disclosed. It provides dining services to businesses and industries.

Secondly, Levy Restaurants: Compass Group acquired the subsidiary in 2000, without disclosing the acquisition price. It Operates restaurants and offers catering services at sports and entertainment venues.

Thirdly, Morrison Management Specialists Inc.: This subsidiary was acquired by Compass Group in 2001. It was acquired for $563 million.

Lastly, Crothall Healthcare Inc.: The organization was acquired by Compass Group in 2001. The acquisition price was not disclosed.

10. United Parcel Service

• Industry: Package and Delivery
• Founder:  James E. Casey, Claude Ryan
• Foundation Year: 1907
• Number of employees: 500,000

Lastly, we have United Parcel Service on the list of the largest employers in the world. The company is headquartered in Atlanta, Georgia, United States. It operates in over 200 countries and has a market cap of $133.39 Billion. Some of its subsidiaries are:

Firstly, UPS Airlines: This is the air cargo division of UPS, which operates one of the largest airlines in the world by cargo traffic.  It has been a subsidiary of United Parcel Services since 1988. 

Secondly, The UPS Store Inc: This is the retail arm of UPS, which provides shipping, postal, printing, and business services to consumers and small businesses. It was acquired on 7th April 2003.

Thirdly, UPS Capital: This is the financial services division of UPS, which offers insurance, financing, and payment solutions to customers.It was founded by United Parcel Service in the year 1998.

Lastly, Marken:This is the clinical trial logistics subsidiary of UPS, which specializes in transporting biological samples, medical devices, and pharmaceutical products. Marken was acquired by UPS in 2016 for an undisclosed amount .

Conclusion

In conclusion, these are the top 10 largest employers in the world. We’ve listed important details for each company, such as where they’re based, their market value, and their subsidiaries. Importantly, We’ve also highlighted when and for how much they bought each subsidiary. Thanks for reading our blog, and we hope you found it helpful.

Sushmita Nibandhe

Also Read: Inclusion and Diversity in the Workplace: Key Strategies for Success!