Employee wellness has been very important in the Workplace. Check out how the Top 10 Cosmetics companies have been doing!
The beauty industry is a multi-billion-dollar industry which is known to stay strong even in times of economic strife, and the following top 10 cosmetics companies have been leading the global cosmetics market for decades.
Research studies conducted on the cosmetic industry highlight that the cosmetic market fared well even during the Great Recession of 2008. Though consumers tend to be more price conscious during an economic downturn, they do not stop spending on beauty products. Therefore, in today’s environment of rising per capita income, there is immense scope for growth in the beauty business. Cosmetic companies across the globe are thriving on the diversity of products and demographics at their disposal.
L’Oréal is one of the biggest cosmetics companies in the world. L’Oréal began its journey more than a century ago in 1909. Today, L’Oreal generates over USD 30 billion in annual beauty product sales. L’Oréal has an enormous range of products and owns several brands such as Garnier, Maybelline New York, Yve Saint Laurent, Lancôme, Kerastase, the Body shop.
L’Oréal has an engagement for its employees’ wellbeing. The brand launched a program in 2012 called “Share and Care” to improve the wellbeing of the employees. This program provides protection for workers, health, flexibility at work and a better workplace.
Unilever is among the largest consumer goods companies in the world. The company has managed to carve a place for itself in the cosmetics industry with popular cosmetics brands such as Axe/Lynx, Dove, Close-Up, TRESemmé, and Vaseline. In 2017, Unilever announced the creation of a new company, Unilever Cosmetics International, to extend its global portfolio of prestige beauty and fragrance brands.
The brand is fiercely engaged in the environment and sustainable development. Unilever put the wellbeing of its employees as the main point of its management strategy.
Estée Lauder is one of the world’s leading manufacturers and marketers of quality skin care, makeup, fragrance, and hair care products. The company is sold in 150 countries. Today, Estée Lauder continues to push boundaries in the global premium cosmetics market, making it one of the world’s most popular cosmetics companies. Estée Lauder is attached to its employees and their wellbeing.
Estée Lauder promotes a learning and development program for their employees. They also put hard work to guarantee the safety of the employees and the safety of the workplace by providing the adequate protection equipment and the behaviour safety.
Located in Cincinnati, Ohio, USA, P&G holds a significant position in the skin care and hair care business with several well-known brands including Aussie, Gillette, Head & Shoulders, and more. The company offers a wide range of beauty and personal care products for men and women, as well as babies and kids. P&G offers a workplace with open communication and flexibility. P&G also instilled a maternity leave of 1 year for young parents.
Coty is a New York-based company that has built up its beauty business through acquisitions in recent years. The company is a big player in fragrance, professional hair care, and color cosmetics. The company owns brands such as Adidas, Clairol, CoverGirl, David Beckham, Katy Perry, Max Factor, Rimmel, Sally Hansen and Wella. It also owns luxury brands such as Marc Jacobs, Calvin Klein, Chloé, Gucci, Hugo Boss, and Philosophy. They are involved in their employees’ safety and health by giving them formation in safety and Health.
Shiseido was founded in 1872 in Tokyo, as the first Western-style pharmacy in Japan. The name Shiseido incorporates the founder’s desire to discover and create new value, a desire that has endured for over 140 years to build the company’s unique heritage. This Japanese company makes all types of personal care products including skincare, fragrance, hair care, sun care, body care, and makeup. Some of its popular brands include Shiseido, Nars, and Bare Essentials. Shiseido is engaged with its employees providing them a space of free speech to guarantee safety, development and happiness.
Beiersdorf has been caring about skin for more than 130 years. The company has a wide range of personal care products including skincare and body care brands. Some of its most important brands include Nivea, Eucerin, Labello and La Prairie. The company caters to all sorts of needs and operates across different markets including the mass market, dermocosmetics, and the premium cosmetics market. Working for Beiersdorf will give you the opportunity for challenge and responsibility.
Despite being a pharmaceutical company, J&J has become known for its beauty products across the world. This includes products for baby care, skin care, and oral products. Its most famous brands include Johnson’s Baby, Neutrogena, and Listerine. The company generated revenue of more than USD 76 billion in 2017. J&J is involved for its employees by giving them the right salary, the possibility to formulate ideas and give them a proper and safe workplace.
Kao Corporation is listed in the Forbes ranking as a USD 34.4 billion company. The company is headquartered in Japan and sells products in all cosmetic categories including color cosmetics, skincare, facial and body cleansers, and hair care. Popular brands from this company include Bioré, Jergens, John Frieda, and Goldwell. The brand takes part in the wellbeing of their employees by giving them social insurance, mental health care assistance, educational programs and sharing safety messages.
Amore Pacific is a beauty products company based in South Korea. The company launched its cosmetics brand AMOREPACIFIC in 2002. The company focuses primarily on developing natural beauty products The company is growing at a rapid pace with increasing demand for some of its most popular brands including Laneige, Innisfree, Lolita Lempicka, and Annick Goutal. Amore Pacific initiated a Great Work Place (GWP) program that help employees manage a healthy work-life balance. They also created a job satisfaction level in order to improve their policies and programs.