Inditex personnel Costs

Personnel Costs of Inditex 2006-2017

Check out how much Inditex spends on wages, salaries, pension and other employment related expenses from the following table. This table includes the personnel costs of Inditex from 2006 to 2017 in Million Euros.

Inditex Personnel Costs 2006-2017 (Million Euros)

YEARPERSONNEL COSTS(Mn Euros)
2017 €        3,961 
2016 €        3,643 
2015 €        3,335 
2014 €        2,932 
2013 €        2,698 
2012 €        2,548 
2011 €        2,234 
2010 €        2,009 
2009 €        1,792 
2008 €        1,703 
2007 €        1,473 
2006 €        1,251 

INDITEX 2017:

Apart from being the leading fashion brand of the world, Inditex is also a leading employer, recognised for its attractive benefits, work environment and culture. the brand invests a lot in training and performance management of its employees.  Personnel costs of Inditex increased from 3.64 Billion Euros in 2016 to 3.96 Billion euros in 2017. In 2017, it spent around 3,275 million Euros on wages and salaries and approximately 686.5 million Euros on social security contributions. Average salary per full time equivalent employee per year grew to 22,627 Euros per year.

Inditex has expanded fast in the recent years through both online and physical channels. It is headquartered at Arteixo, A Coruña, Spain. The company is selling in 96 markets through its several brands. Its flagship brand is ZARA with the highest number of retail stores globally. Market expansion has led to growth in the size of its human capital as well. Number of employees at Inditex in 2017 equalled 171,839. For the seventh consecutive year, it has been recognised as the best employer in entire Spain by Merco Talento. Research by Merco Talento and Universum shows the position of Inditex as an employer has continued to improve every year.

Inditex has eight brands in its portfolio – ZARA, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe.  ZARA is the oldest as well as largest among these accounting for around 66% of the brand’s entire revenue in 2017. The success of Inditex can be attributed to its integrated business model and its well managed supply chain as well as its passion for creativity. It has grown its retail network vastly in the recent years. Apart from its 7475 retail stores in 96 markets, the brand is selling globally in 47 markets through its online channels.

Sources:

Inditex annual reports

 

Abhijeet Pratap

I am Abhijeet Pratap, editor of notesmatic. I am an MBA with marketing (major). Apart from writing on various topics in business management, marketing and English literature, I like to read and write about technology.