Woolworths Group
ASX:WOWUnverifiedReported Offshore Headcount
500+
reported 1 Jan 2024 — Woolworths extends 20-year strategic IT partnership with TCS
Estimated % of Workforce
~0.2%
illustrative — not directly reported by the company
Destination Countries
Financial Context
Market Cap
$42.0B
Revenue
$64.3B
Net Profit
$1.7B
Estimated Wage Differential
~$43M/yr
CEO
Amanda Bardwell
CEO Total Pay
$8,700,000
CEO earns
79x the average Australian worker
avg Australian salary $110K+/yr
Illustrative wage differential: if the 500+ reported offshore roles were instead employed in Australia at average local rates, the additional cost could be in the order of ~$43M/yr (~2.5% 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, Woolworths Group was reported to have 500+ offshore contractors and staff.
- This represents ~0.2% when compared to its current workforce of 203,000 (illustrative comparison only — not directly reported by the company).
- Known outsourcing partners include Accenture, Tata Consultancy Services, Wipro, EY.
Based on data from public sources at the dates reported. Figures may not reflect current headcount. See sources below for full attribution.
Consultancy Engagements
| Vendor | Type | Contract Value | Status |
|---|---|---|---|
| Accenture | Managed Services | — | Confirmed |
| Tata Consultancy Services | Outsourced Dev | — | Confirmed |
| Wipro | Managed Services | — | Confirmed |
| EY | Consulting | — | Confirmed |
Food & Beverage Peers
How Woolworths Group's known offshore percentage (0.2%+) compares to reviewed food & beverage peers.
| Company | ASX | Known Offshore* | Offshore Destinations |
|---|---|---|---|
| a2 Milk Company | A2M | None found | - |
| Bega Cheese | BGA | None found | - |
| Elders | ELD | None found | - |
| GrainCorp | GNC | None found | - |
| Metcash | MTS | 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.