Energy Companies Lead in Worker Productivity

Posted May 27, 2014 at 5:00am

USA Today reports that “eight non-financial companies in the Standard & Poor’s 500, including energy firms Valero Energy and Phillips 66 and health care company AmerisourceBergen, collected $1 million, on average, per every employee in the just completed first quarter, based on a USA TODAY analysis of data from S&P Capital IQ.”  

“The analysis looks at revenue brought in during the first quarter relative to the number of total employees reported at the end of each company’s most recent fiscal year.”  

“Energy companies dominate the list for grabbing productivity from employees. These companies generate large amounts of revenue from a relatively small number of employees since they rely so heavily on equipment designed to extract massive amounts of high-priced commodities.”