B.C.'s top 100 global and national firms raised their total number of employees in the province by an average of 7.4% from 2013 to 2017, according to data collected by Business in Vancouver.
For the top 100 global and national companies whose revenue data was available, revenues rose by an average of 8% between 2012 and 2016.
Sixty-nine per cent of the companies on Business in Vancouver’s 2017Top 100 National and Global Companies list – which ranks companies by number of staff in B.C. – moved up in rank in 2017 from 2013, and 27% dropped in rank over the same period. The remaining 4% have held their position since 2013. Jim Pattison Group has held its No. 1 position every year since 2013. The company has increased its revenue 28%, growing to $9.6 billion in 2016 from $7.5 billion in 2012.
Ritchie Bros. Auctioneers Inc. jumped 55 spots on BIV’s list, from 80 in 2013 to 25 in 2017. The auction firm’s revenue increased by $323 million, or 73.6%, to $760 million in 2016 from $437 million in 2012. Ritchie Bros. increased its B.C. employment numbers by 15.5% during the same period. However, through a massive hiring initiative this year, the company expanded its B.C. employee base by 482% to 2,116 in 2017 from 439 in 2016.
Stemcell Technologies Inc. had the largest five-year revenue increase, improving its revenue by $62 million, or 98%, to $126 million in 2016 from $64 million in 2012. Stemcell Technologies tied with VersaCold Logistics Services for the second-highest rise in rankings on Business in Vancouver’s list, Stemcell Technologies moving to 47th spot this year from 78th in 2013.
Of the five companies that reported the greatest positive movement in rank among Business in Vancouver’s top 100 national and global companies, the average five-year revenue growth was 50.3% between 2012 and 2016. The average one-year growth was 14.4% between 2015 and 2016. •