IDP Education
ASX:IELUnverifiedReported Offshore Headcount
750+
reported 1 Jan 2024 — IDP Digital Campus Chennai - 750+ Technology Experts
Estimated % of Workforce
~12.1%
illustrative — not directly reported by the company
Destination Countries
Financial Context
Market Cap
$5.0B
Revenue
$1.1B
Net Profit
$200M
Estimated Wage Differential
~$64M/yr
CEO
Tennant Reed
CEO Total Pay
$3,400,000
CEO earns
31x the average Australian worker
avg Australian salary $110K+/yr
Illustrative wage differential: if the 750+ reported offshore roles were instead employed in Australia at average local rates, the additional cost could be in the order of ~$64M/yr (~32% of reported net profit). This is an estimate based on industry averages, not company-specific data.
Would this company be profitable without offshoring?
Financial data: FY2024. Estimate uses avg AU cost of $110,000+/yr (salary only, excluding super, office, recruitment) vs offshore $25,000/yr (salary + on-costs). Actual figures vary by role, seniority, and location.
In Plain English
- In 2024, IDP Education was reported to have 750+ offshore contractors and staff.
- This represents ~12.1% when compared to its current workforce of 6,195 (illustrative comparison only — not directly reported by the company).
Based on data from public sources at the dates reported. Figures may not reflect current headcount. See sources below for full attribution.
Retail Peers
How IDP Education's known offshore percentage (12.1%+) compares to reviewed retail peers.
| Company | ASX | Known Offshore* | Offshore Destinations |
|---|---|---|---|
| ARB Corporation | ARB | None found | - |
| Breville Group | BRG | None found | - |
| Domino's Pizza Enterprises | DMP | None found | - |
| Eagers Automotive | APE | None found | - |
| Endeavour Group | EDV | None found | - |
What Public Sources Say
All information below is sourced from publicly available documents and reporting. Excerpts are direct quotes. Click source links to verify.