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2020 was a year of layoffs and shedding brands at Coca-Cola as the company instituted a new structure and dealt with fallout from the spread of coronavirus.
But PepsiCo, Coke’s traditional sparring partner, has so far avoided big changes to its operations. In fact, the company has continued to hire as results soar at some of its divisions, especially those that make snacks and beverages for consumption at home.
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Sales to restaurants were still down as much as 40% during the company’s third-quarter, which ended September 5. But CEO Ramon Laguarta told analysts during an October 1 earnings call that PepsiCo’s overall sales growth accelerated during the quarter thanks to sales of chips and other snacks through its Frito-Lay division in North America. Sales at its beverage brands, including Mountain Dew and 7-Up, have also recovered as of late, Laguarta said.
“We expect our snacks and food business to remain resilient while our beverage business should sustain its momentum for the balance of the year,” he said.
With that backdrop, PepsiCo has continued hiring. Its hundreds of open positions include roles in e-commerce and supply chains, two areas where the company has had to make quick changes to meet demand at retailers and adjust to less business at restaurants.
Each year, the Office of Foreign Labor Certification discloses salary data based on visa applications from US companies hiring foreign workers. The companies report the base salaries that they offer current or prospective workers as part of the visa application. Business Insider’s research shows that PepsiCo and its subsidiaries recently applied for 139 H1-B visas. While many of the positions were based at either the company’s headquarters in Purchase, New York, or its campus in Plano, Texas, some were based elsewhere, such as at brand or manufacturing facilities in the Midwest.
Insider analyzed the US Office of Foreign Labor Certification’s disclosure data from 2018 to 2020.
PepsiCo had about 267,000 employees at the end of 2019, with just under half in the US, according to the company’s latest annual filing with the SEC.
Many salaries appeared comparable with similar positions at rivals, most notably Coca-Cola. Senior managers at Coca-Cola make $130,760 in base pay on average, according to Glassdoor. At PepsiCo, similar positions make between $131,000 and $167,000.
PepsiCo did not respond to requests for comment for this story.
From IT experts to packaging designers, here are the annual salaries for different jobs at PepsiCo:
SEE ALSO: A PepsiCo executive explains how Twitter and online restaurant menus are helping decide the company’s new flavors and products
IT and Technology roles pay as much as $160,000
IT strategy planning and transform senior manager: The average salary is $160,000, according to two approved visa applications.
PKI (public key infrastructure) engineer: The average salary is $140,000, based on two approved visa applications.
Cyber Security – Global Security Splunk Engineer: The average salary is $132,400, based on two …read more
Source:: Business Insider