The global economy is in a recovery mode after being ravaged by the coronavirus pandemic. Hiring was on a freeze for most of last year, but companies are now starting to rehire. So, it is a good time for those looking for a new job. If you are searching for a job, then it is important for you to know about the biggest employers. To help you, detailed below are the ten largest employers in the world.
Ten Largest Employers In The World
Our list of the ten largest employers in the world is based on the number of employees that these companies had in the fiscal year 2019. Following are the ten largest employers in the world:
Seth Klarman's Baupost is one of the largest hedge funds in the world, and it utilizes a long-only, value-focused investment process. However, some well-known names have suggested that value investing is dead, so where does that leave Baupost and other highly reputable value investors? Klarman had some insight in his year-end letter for 2021. Q4 Read More
U.S. Postal Service (About 565,000)
Founded in 1971, it is an independent agency of the federal government that delivers mail at uniform cost and quality to all Americans. This U.S. agency is among the few government agencies that are recognized by the U.S. Constitution. The postal service does not get tax dollars for meeting its operating expenses; rather it depends on its services to fund its operations.
Sinopec Group (About 582,600)
Founded in 2000, it is a Chinese oil and gas enterprise. It is among the largest energy corporations in the world, and claims to be the second largest Chinese oil and gas producer. Sinopec Group operates in almost all oil and gas segments, including exploration, refining, and marketing of oil and gas. It also produces and sells petrochemicals, chemical fibers, chemical fertilizers and other chemical products.
Compass Group (About 596,400)
Founded in 1941, it is a British contract foodservice company. The company operates in around 50 countries and serves over 5.5 billion meals a year in offices, schools, universities, cultural venues, sports stadiums, hospitals, offshore oil platforms, mining camps and more. Compass Group owns Levy Restaurants, which offers meals at Walt Disney World and professional sports stadiums. It got listed on the London Stock Exchange (LSE) in 1988.
Volkswagen (About 671,200)
Founded in 1937, it is a popular German automaker. The term Volkswagen translates to “people’s car” in English. Volkswagen, which is headquartered in Wolfsburg, is known for delivering several popular brands with Beetle being the most iconic. Other popular cars from the company are Golf, Jetta, Passat, Atlas and Tiguan. Like other automakers, this German automaker is now also betting big on electric vehicles.
Hon Hai Precision Industry (About 757,404)
Founded in 1974, it is a Taiwanese electronics contract manufacturer. The company is better known as Foxconn. It designs, develops and manufactures nanotechnology, heat transfer, wireless connectivity and material sciences products. Some of its products are personal computer components, cables, and connectors. Foxconn is also a major supplier of iPhone components. Moreover, it also manufactures electronic products for Xiaomi, Microsoft, Sony and more.
Amazon.com (About 798,000)
Founded in 1994, it is a technology company that focuses on e-commerce, cloud computing, digital streaming and artificial intelligence. The company has played a crucial role in the growth of the online shopping culture. It was called a “brick and mortar killer” by Forbes. Amazon is headquartered in Seattle, and is among the first to use the new technology, including using drones for delivery.
State Grid Corporation of China (About 907,600)
Founded in 2002, it is a Chinese state-owned electric utility corporation. It is popularly known as state grid and is the biggest utility company globally, and the third biggest company overall in terms of revenue. Constructing and operating grids are its core business. It provides power to more than 1.1 billion people, covering about 88% of the national territory. SGCC operates overseas as well, including the Philippines, Brazil, Portugal, Australia, Italy and more.
China Post Group (About 927,000)
Founded in 1997, it is a state-owned postal service. China Post Group is basically a package/freight delivery company, but it also offers housing loans and other services. It offers services in mainland China, excluding Hong Kong and Macau, which have their own independent postal service. Many online marketplaces, such as Aliexpress, FastTech, eBay and others, use China Post to deliver their orders.
China National Petroleum Corporation (About 1,344,410)
Founded in 1988, it is China’s largest oil and gas producer and supplier. Also, it is among the world's major oilfield service providers. The company operates rigs and refineries in 30 countries, including Canada, Venezuela, Iran and Azerbaijan. China National Petroleum is headquartered in Dongcheng District, Beijing and was ranked fourth in 2020 Fortune Global 500. CNPC is the government-owned parent company of PetroChina, which is a publicly listed company.
Walmart (About 2,200,000)
Founded in 1962, it is the biggest private sector employer in the world. It is also the biggest company in the world in terms of revenue. Walmart has several subsidiaries, including South Africa's Massmart, UK's Asda chain of supermarkets and more. The retail giant continues to grow despite the growth of e-commerce. In fact, Walmart is also growing its online presence and is allowing users to shop online. Walmart is headquartered in Bentonville, Arkansas.