(THIS ARTICLE IS COURTESY OF TRAVEL GENIUS)
5 largest employers in the world
Unless you’re a trust fund baby, you probably work for a living. We go to a place of business on specific days and earn a wage so that we can afford to live. In the United States, many people are employed by small businesses, which according to the U.S. Small Business Administration, can range from a staff of one to as many as 1,500 employees. But many firms employ an international workforce or have so many employees that they are considered some of the largest employers in the world. From smallest to largest, these are the five largest employers in the world according to the World Economic Forum.
5. China National Petroleum Corporation – 1.7 million employees
Regardless of your feelings about oil discovery and production, it’s a major industry with activity around the world. You might think that a multinational company like Royal Dutch Shell or British Petroleum would make this list, but they don’t. China National Petroleum Corporation is a state-run organization that operates rigs and refineries in 30 countries around the world, even north of our border in Canada.
The organization employs roughly 1.7 million employees, making them the fifth largest employer worldwide. Additionally, they’re also the third largest incorporated energy production firm in the world that specializes in oil and gas. Not only do they explore for new deposits, but they also focus on refining and marketing their products beyond their home country.
4. McDonald’s – 1.7 million employees
Even if you’re not a big fast food fan, you’re familiar with the Golden Arches, Ronald McDonald and his wacky crew of friends, and iconic sandwiches like the Big Mac and Fillet ‘o Fish. McDonald’s makes the list as the fourth largest employer; they operate in over 100 countries and serve over 69 million customers. Between franchise and corporate employees combined, the eatery employs 1.7 million people. If you narrow the criteria to private companies, the burger chain rises higher as the second largest employer in the world.
3. Walmart – 2.1 million employees
Depending on who you talk to, Walmart is either the savior of budget-focused families or the bane of small business owners. Either way, there’s no denying that the big box conglomerate is a major employer in the United States and abroad. Often, they replace positions lost when factories and manufacturers move production elsewhere. Because of this, they are the third largest employer in the world.
Walmart also beats out McDonald’s as the largest private employer in the world. The retailer isn’t limited to the United States: The family-owned firm also has subsidiary locations in the United Kingdom under the supermarket name Asda and South Africa as Massmart. Across all of its verticals, Walmart employs 2.1 million employees worldwide.
2. People’s Liberation Army of China – 2.35 million employees
War is big business, which explains why the second runner-up and leader of this list are two major military operations. China holds the title for the largest population at 1.42 billion people. So, it makes sense that they have a fairly large army. The People’s Liberation Army employs 2.35 million active military personnel or 0.18% of the nation’s population.
Just like in the U.S., China’s army is segmented into branches: Support Force, Navy, Air Force, Ground Force, Rocket Force, and a reservist branch. While the U.S. still has the largest military force in the world, China is quickly ramping up its assets. The nation’s military is currently classified as the fastest growing military outfit in the world thanks to numerous technological advances.
1. United States Department of Defense – 3.2 million employees
We round out this list with the United States Department of Defense. At 3.2 million employees worldwide, they eclipse China’s army by nearly 1 million. However, the U.S.’s figure doesn’t just refer to active duty military and reservists of the Army, Navy, Marine Corps, Air Force, Coast Guard or National Guard. This also includes members employed by the other 38 critical agencies that fall under the Department of Defense.
So why does the Department of Defense have such a huge workforce? This is because the U.S. has the largest military budget in the world and eclipses any other nation in money allocated toward technological defense advancements.
The above list might be a big surprise if you were expecting only Fortune 500 firms. This top five list reflects the fact that China’s influence as a nation and economic force continues to grow while the U.S. is able to maintain a strong presence since more than half of the countries with the largest workforces are headquartered in the United States.