Most businesses assess themselves and are evaluated by the public based on their sales, market capitalization, earnings, dividends, and returns to shareholders.
In the pursuit of increased revenues and reduced expenses, the latter of which is becoming increasingly crucial as inflation rises and margins contract owing to rising costs, many businesses lose sight of what makes them tick in the first place: their employees.
The world's largest corporations by employee count must pay extra attention to the relationship between a company and its employees since these organisations' employees are even more important to their success.
The majority of the enterprises on our list are in labour-intensive industries such as retail or courier services.
Many of these enterprises have enough employees to fill a small city, and in the instance of one, a city was built specifically for its employees.
Ranking of these top ten companies by the number of employees is with data taken from Fortune Global 500 and World of Statistics on the X Social media platform.
In 2022, Compass Group, a UK-based supplier of contract food service and support services, employed 248,937 people in North America.
A further 158,503 workers were employed in Europe, and around 106,267 thousand workers worked in different nations that are part of the Rest of the World area.
In 2023, the company has recruited more employees compared to the year 2022. Currently, Compass Group has an employee workforce of 500,000.
There are a few courier firms on the list of the largest corporations in the world by workers, including FedEx Corporation (NYSE:FDX), which should come as no surprise given how labour-intensive running a courier company is.
FedEx Corporation (NYSE:FDX) is a surprising top government contractor and also assists in the transportation of some United States Postal Service shipments. FedEx Corporation (NYSE:FDX) operates almost 2,000 facilities.
As of 2021, China BYD Group employed about 288,200 people, an increase of 63,900 from 2020.
However, in 2023, BYD has increased the number of its employees to a whopping 570,100. During the past decade, BYD Group has increased its workforce by 62 per cent.
With revenues exceeding 81.75 billion euros in 2021 and a return on equity of 27.7%, the German package transportation and courier firm is clearly among the world's largest courier companies.
This justifies the large amount of employees working for the company.
The international provider of information technology services, Tata Consultancy Services, employed over 610,000 people globally in 2023. This was a notable rise of almost 25,000 over the prior year.
Tata Consultancy Services, with its headquarters in Mumbai, India, offers business consulting, IT, and outsourcing services in more than 46 nations.
Their income for the fiscal year that concluded on March 31, 2023, was around 2.25 trillion Indian rupees. The Americas accounted for more than half of total income when broken down by region.
Approximately 40% of their entire income came from the banking, financial services, and insurance sectors of the business.
Most of the largest corporations by employee count are also the largest in their field, requiring the need for such a massive workforce, and Volkswagen is no different.
The corporation, founded under the Nazi regime, grew so large that the city of Wolfsburg was established as a planned city to house Volkswagen employees.
Audi, Bugatti, Ducati, Bentley, Porsche, and Lamborghini are among the most well-known and famous brands owned by the firm.
Accenture plc (NYSE:ACN), a Dublin-based IT and consulting firm, with revenues of over $50 billion in 2021. Nearly 75% of the businesses on the Fortune Global 500 list are among its clientele.
After separating from the renowned Arthur Anderson, which was regarded as one of the "Big Five" accounting companies but fell apart due to the revelation of suspicious and questionable practices for Enron and Worldcom, Accenture plc (NYSE:ACN) was established.
Foxconn, a Taiwanese electronics manufacturing services provider, employs 826,608 people as of 2023.
The company is an EMS supplier that primarily manufactures electronics for export. Foxconn was the top provider of electronics manufacturing services (EMS) worldwide as of 2022.
Amazon.com, Inc. (NASDAQ:AMZN) is one of the world's largest conglomerates, and while most businesses were laying off employees during the pandemic, Amazon.com, Inc. (NASDAQ:AMZN) planned to hire 100,000 people in September 2020, fourth of such hiring spree during the pandemic, as demand for online shopping skyrocketed.
For numerous years, Amazon.com, Inc. (NASDAQ:AMZN) has faced harsh criticism for its treatment of its employees, with reports claiming that the corporation does not even allow its staff to use the lavatory.
One of the most significant events involving Amazon.com, Inc.'s (NASDAQ:AMZN) treatment of employees occurred when they were ordered to remain in the warehouse during a tornado warning, culminating in the deaths of six workers
Walmart Inc. (NYSE:WMT), one of the world's largest corporations, easily tops the list of the 10 largest firms by employee count.
Walmart Inc. (NYSE:WMT) is the world's largest private employer and the world's largest firm in terms of sales, with $572.8 billion reported in its 2021 annual report.
Despite employing over 2 million people, Walmart Inc. (NYSE:WMT) has long been chastised for its treatment of workers, notably low salaries paid to retail employees while the company's owners, the Walton family, are among the world's wealthiest, as well as its anti-union practises.