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2. Procter & Gamble
Procter & Gamble
Procter & Gamble CEO Bob McDonald
Headquarters: Cincinnati
Revenue: $79 billion*
Employees: 135, 000
CEO: Bob McDonald

P&G may be known for its stellar management, but it's the new talent that the company really cultivates.

The company hires less than 1% of the more than half million applicants it screens every year. Excluding entry-level positions, less than 5% of P&G's workforce is comprised of external hires, and managers all the way up to the C-suite are involved in the recruiting process.

Thanks to the company's diverse businesses and the markets they serve, Director of Leadership Development Laura Mattimore says employees don't have to leave P&G to continue to grow.

And when top executives aren't out in the field recruiting, they're training the next generation of leaders. Case in point: CEO Bob McDonald and Chairman A.G. Lafley both teach at the company's leadership colleges.

NEXT: General Mills
Last updated November 19 2009: 12:36 PM ET
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*Companies that have reported 2009 fiscal year revenue. All other revenue is for 2008.
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