IDP Education
ASX:IELInternational student placement services across 50+ countries.
Reported 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
IDP Education India Services LLP explicitly listed as "Shared services" in annual report.
Financial Context
Market Cap
$1.1B
Revenue
$1.1B
Net Profit
$200M
Estimated Wage Differential
~$64M/yr
CEO — Tennant Reed
$3,400,000
44x avg Australian worker
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?
Every dollar paid offshore leaves the Australian economy — reducing local wages, tax receipts, and economic circulation. Why it matters
Financial data: FY2024. Estimate uses avg AU employment cost of $110,000+/yr (incl. super and on-costs) 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.
Other Retail Companies That Offshore
Other companies in retail with reported offshore operations.
| Company | ASX | Reported Offshore | Offshore Destinations |
|---|---|---|---|
| Flight Centre Travel Group | FLT | 785+ | 🇮🇳 India |
| Wesfarmers | WES | 750+ | 🇮🇳 India |
| Nick Scali | NCK | 80+ | 🇵🇭 Philippines |
| Web Travel Group | WEB | 25+ | 🇵🇭 Philippines🇮🇳 India |
What Public Sources Say
All information below is sourced from publicly available documents and reporting. Excerpts are direct quotes. Click source links to verify.
Additional Sources
This profile is based on publicly available information at the time of publication. It may not reflect current operations and should not be treated as a complete picture. We publish what we can verify — not everything that exists.
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