Top 10 Largest Employers In The World – The global economy is facing a precarious situation with government spending cuts and a looming private sector downturn. This has led to a jobs crisis, with many industrialized nations experiencing double-digit unemployment rates. Surprisingly, amid these challenges, numerous major businesses in both Western and emerging markets are expanding their workforce.
We have compiled a list of the world’s largest employers using data from Reuters, international stock indices, corporate websites, annual reports, and publicly available information. We’ve focus on full-time staff, except in cases where the company relies heavily on part-time workers, and we’ve clearly indicated when part-time employees are include. These massive employers operate across various sector, underlining their significance in the global job market.
Top 10 Largest Employers In The World 2024
- 1 Top 10 Largest Employers In The World 2024
- 2 Largest Employers In The World 2024
- 2.1 The US Department of Defence: 2.86 million people
- 2.2 Walmart: 2.2 million
- 2.3 People’s Liberation Army (PLA): 2.185 million
- 2.4 McDonald’s:1.7 million
- 2.5 China National Petroleum Corporation: 1.5 million
- 2.6 Indian Armed Forces: 1.45 million employees
- 2.7 Indian Railways: 1.4 million
- 2.8 National Health Service of the UK: 1.34 million
- 2.9 Amazon: 1.3 million
- 2.10 Foxconn: 1.3 million
- 3 FAQ’S
The global economy finds itself in a precarious situation marked by government spending cuts and the looming prospect of a private sector downturn. This economic turmoil has given rise to a jobs crisis, with several industrialized nations grappling with double-digit unemployment rates. What’s intriguing, however, is that amidst these daunting challenges, numerous major businesses, spanning both Western and emerging markets, are bucking the trend and actively expanding their workforce.
Our efforts to shed light on this phenomenon led us to compile a comprehensive list of the world’s largest employers. Drawing from a wealth of data sources, including Reuters, international stock indices, corporate websites, annual reports, and publicly available information, we meticulously crafted this list. We took a predominantly full-time employment approach, with exceptions noted in cases where part-time workers played a significant role. These colossal employers hail from diverse sectors, underscoring their pivotal role in the global job market and their resilience in the face of economic adversity.
Top 10 Largest Employers In The World Overview
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|Top 10 Largest Employers In The World 2024
|Top 10 Largest Employers In The World 2024
Largest Employers In The World 2024
Global economy is navigating through challenging waters characterized by government belt-tightening and the looming specter of a private sector slowdown. This economic turbulence has given rise to a pressing jobs crisis, with several developed nations grappling with alarming double-digit unemployment rates. However, what adds a layer of intrigue to this complex scenario is the resilience displayed by numerous major businesses, spanning both Western and emerging markets, as they actively defy the prevailing trend by expanding their workforces. In our quest to shed light on this remarkable phenomenon, we embarked on the ambitious task of compiling a comprehensive list featuring the world’s largest employers.
Our data-driven approach drew from a rich array of sources, including Reuters, international stock indices, corporate websites, annual reports, and publicly available information, ensuring meticulous accuracy. We primarily focused on full-time employment, while also acknowledging instances where part-time workers played a substantial role in these organizations. These mammoth employers originate from a multitude of sectors, illustrating their central role in the global job market and their remarkable ability to persevere in the face of economic adversity.
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The US Department of Defence: 2.86 million people
The United States Department of Defense is the world’s largest employer, with a total workforce of 2.86 million people, including civilian employees and serving personnel. Notably, it encompasses the largest military force globally, with a defense budget that reached $738 billion in 2020.
This department, part of the federal executive branch, holds the crucial responsibility of organizing and overseeing all government sectors and services related to national security and the United States Armed Forces. As of June 2022, it employs approximately 1.34 million active-duty service members, including soldiers, marines, sailors, airmen, and guardians.
Walmart: 2.2 million
People’s Liberation Army (PLA): 2.185 million
The People’s Liberation Army (PLA) is the world’s largest army, consisting of 2.185 million active and reserve members. This military force is divided into five branches: the Ground Force, Navy, Air Force, Rocket Force, and Strategic Support Force, and it has undergone significant modernization.
The PLA has its origins in the communist-led Nanchang Uprising in 1927 against the Nationalists. Initially called the Red Army, it grew from 5,000 soldiers in 1929 to 200,000 by 1933 under the leadership of Mao Zedong and Zhu De. Only a small fraction of this force survived the arduous Long March as they retreated from the Nationalists. After rebuilding its strength, the Eighth Route Army later fought alongside the Nationalists against the Japanese in northern China during World War II. Following World War II, the communist forces, known as the People’s Liberation Army, defeated the Nationalists, leading to the establishment of the People’s Republic of China in 1949.
McDonald’s, one of the world most valuable brand and one of only three American company in the top ten global employer, was found in 1955 by American entrepreneur Ray Kroc. With over 33,000 restaurant worldwide, the majority (over 80%) are operated by independent franchisees, spanning 118 countries.
In a remarkable move on “national hiring day” earlier this year, McDonald’s hired a whopping 62,000 Americans in a single day, surpassing its initial goal of 50,000 new employ to expand its American workforce by 7%. In 2010, Europe contributed 41% to McDonald’s global sales, making it the company’s largest market, while the rest of the world added about 21%, and the United States accounted for 34% of its revenue.
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China National Petroleum Corporation: 1.5 million
China’s oil and gas production is exclusively overseen by China’s National Petroleum Corporation (CNPC). With a colossal workforce of 1.5 million employees, CNPC operates drilling rigs and refineries in around 30 countries, including Azerbaijan, Canada, Venezuela, and Iran.
CNPC holds the distinction of being the largest integrated oil and gas corporation in China and is involved in various projects in countries like Iraq, Iran, Syria, and Uzbekistan. Unfortunately, there have been incidents resulting in six fatalities since 2005, and environmental concerns have arisen due to contamination of rivers and oceans.
Indian Armed Forces: 1.45 million employees
Indian Railways: 1.4 million
National Health Service of the UK: 1.34 million
The National Health Service (NHS), the world’s oldest public healthcare institution, also ranks among the largest employers globally. As of May 2021, the NHS workforce comprises approximately 1.34 million individuals, encompassing a wide range of roles, from clinical staff to emergency contact center employees.
Within England, the NHS employs 1.5 million people, with personnel costs accounting for about two-thirds of the funds allocated to NHS providers. It stands as one of the major global employers and holds the distinction of being the largest employer in the country. Despite its sizable workforce, the NHS is facing challenges in keeping pace with increasing demand for healthcare services. This includes shortages and workforce-related issues that impact healthcare delivery, making it crucial to understand the size and composition of the current NHS staff and the challenges it faces in meeting healthcare demands.
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Amazon: 1.3 million
Foxconn: 1.3 million
Who is largest employer in the world?
The United States Department of Defense is the world's largest employer, with a total workforce of 2.86 million people, encompassing both civilian employees and serving military personnel.
Who is India's largest employer?
Rank Employer Year 1 Indian Armed Forces 2021 2 Indian Railways 2021 3 Paramilitary forces of India 2021 4 Tata Group 2022
Who is the 6th largest employer in the world?
Compass Group PLC ranks as the world's sixth-largest corporate employer with a workforce of 410,074 employees, as per the My Global Career 500 listing compile by the My Global Employer blog-base careers site.
Shilpa is a dynamic and passionate author with a deep-rooted love for technology and storytelling. At the age of 24, armed with a Bachelor’s degree in Computer Science, she effortlessly blends her technical prowess with her creative spirit. Shilpa’s writing transcends the boundaries of imagination, exploring the intersection of science, innovation, and the human experience.