Conglomerate San Miguel Corp. and seven other Philippine companies were included in Forbes Magazine’s World’s Best Employers for 2023.
SMC emerged as highest ranked employer in the Philippines, climbing 131 spots from 174 last year to take the 43rd place.
It is also the only Philippine firm to make it to the top 50 of the world’s best.
Other Philippine companies in the elite roster are Security Bank (54th), Metropolitan Bank and Trust Company (162nd), Ayala Corp. (186th), Alliance Global (283rd), Landbank (304th), LT Group (361st) and SM Investments (420th).
Forbes.com said the rankings were determined through a survey conducted by market research firm Statista, which covered more than 170,000 employees who work for various multinational companies and institutions from over 50 countries worldwide.
“It’s a great honor to make it to this list of the world’s 700 best employers, along with some of the most recognized and most successful Philippine firms. This just goes to show that Filipinos can compete and run proudly with the very best in the world. It also shows that given the right training, motivation, support, and a sense of a higher purpose, the Filipino workforce is highly motivated, effective, dedicated, and therefore fulfilled in their work,” said SMC president and chief executive officer Ramon Ang.
“Specific to us in San Miguel, I believe that our strong emphasis on business for nation-building, our core value of malasakit, coupled with our decisive and impactful actions related to greater sustainability, has really resonated with our employees. We have also always strived to provide our employees an environment where they can learn, realize their potential, build good relationships with colleagues, and feel they are part of not just a great heritage, but also of something bigger. We believe this has greatly contributed to whatever successes we’ve had over the years,” he said.
This is the second time that SMC ranked high in a global business survey this year.
It placed in the top 50 percent of Time Magazine’s list of the World’s Best Companies for 2023, ranking 347 overall, and making it to the top two of just six Filipino firms that made it to the list.
Ang said these favorable rankings signify that San Miguel is still one of the companies that many Filipinos admire and want to work for.
This is especially relevant as the company aims to create new employment opportunities through its various major projects, including the New Manila International Airport (NMIA)–said to be the single largest investment by a Filipino company and in the Philippines by far.