Unemployment hit 8.9 percent in April and some predict that number could climb to over 10 percent in 2009 as major companies streamline operations to combat the recession.
But how far can this streamlining really go? For many companies, revenues hinge on worker productivity, and for most operations, per-worker profits and revenues are many multiples of average employee salaries. The measure of revenue per employee also helps shed light on a firm's money-making efficiency and likelihood it will retain jobs. The best companies require the least number of workers to make the most money.
Using data from ThomsonReuters, we look at how much revenue S&P 500 companies generated per employee over the past 12 months (Q2 2008 - Q1 2009), compared within each of the S&P 500’s 24 industry groups. Of note, data on the entire banking industry group and some finance-related institutions are not tracked. Note: because many banks report revenue as interest income and not sales on their financials, we have excluded them from this analysis for a more apples-to-apples comparison.
So, which companies make the most revenue per employee? Click ahead to find out!
By Ariel Nelson & Paul Toscano
Posted 26 May 2009