Oyelakin M.

In 2024, 3.5 billion people were employed globally¹. Job creation assists society in many ways, such as eliminating poverty and bringing economic stability that eventually leads to new taxpayers². It also gives opportunities for personal growth and provides social protection for employees and their families².

Headquartered in the US, Nestlé engages in the provision of processed foods⁷. In 2023, it had 270,000 employees but detailedly described only 97% (262,300) of its employees^8;p74. Of these, 94% were permanent and 6% were temporary employees^8;p61. Geographically, 14.9% of the employees were based in North America, 32.1% in Europe, 23.6% in Asia, Oceania, and Africa (AOA), 22.2% in Latin America (LATAM), and 7.2% in Zone Greater China (GC)^8;p61. Its employee count in 2023 was 2.2% lower than in 2021 (276,000 employees)^8;p61,9. It has not disclosed the employee turnover rate⁸.

Nestlé offers a comprehensive benefits and salary package to recognize and reward employee contributions³. Their total rewards include a competitive salary and performance-based variable pay, which reflects the company’s commitment to its employees' success³. In addition to financial rewards, Nestlé emphasizes personal growth and development opportunities, such as an internationally mobile career that broadens experience and knowledge³​.

For instance, Nestlé pays its US employees about $86,000 (base salary) on average, which is 1.6 times the country’s average annual salary^11,4. It is significantly over the country’s cost of living and slightly above the country's industry salary^5,10,6. On Glassdoor, its overall rating was 4.1/5 (based on around 6,600 reviews), 3.8/5 for compensation benefits, 3.6/5 for work-life balance, 4/5 for culture and values, and 3.9/5 for career opportunities¹².

Nestlé contributes to the economy and enhances the social well-being of hundreds of thousands of people.

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The invention of the automobile in the 20th century had a profound impact on the economy and social connectivity, revolutionizing the way people traveled¹. Owning a car has benefits such as flexibility in managing time, independence, enhanced safe...

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