Monday, March 28, 2022

Largest US Beverage Companies 2020 Median of the Medians Total Employee Compensation Was $51,813. But It's All About Where the Majority of Their Employees Were Located ..... In the US vs In Low Wage Countries.

From a review of US SEC filings and the Google Finance website, there are 8 US Beverage Companies with Stock Market Caps above $10 bil recently.

From Company Proxy Statements filed with the SEC, the below table shows the Median Total Employee Pay and Benefits of each of these 8 largest US Beverage Companies for annual 2020.  The majority of these Companies have not yet filed their Annual Proxy Statements with the SEC related to annual 2021 Employee Compensation.



The employee pay of beverage company employees in the US and in Canada is substantially higher than it is in any other country, and especially so in these larger countries with very low pay like China, India, Russia, Brazil and Mexico.


To further illustrate this point.  The top four US beverage companies above with the highest median employee pay share the same characteristic ..... a substantial majority of their company employees are located in North America:
  • The median pay Molson Coors employee was a full-time hourly worker in North America
  • The median pay Monster Beverage employee was a non-exempt, full-time hourly worker in the US
  • Keurig Dr Pepper has 80% of its employees located in the US
  • and Brown Forman has 87% of its Worldwide Property, Plant and Equipment-net located in the US

On the other hand, Coca-Cola has 88% of its worldwide employees located outside the US, mostly in low wage countries.

And 40% of Starbuck's 300,000 employees in its company-owned stores are located outside of the US.  Also, many of the Starbucks' employees work on a part-time basis.  The Starbucks' median pay and benefits employee was a part-time barista located in Canada.