MANILA, Philippines — San Miguel Corp. (SMC), the country’s diversified conglomerate, has climbed the ranks on Forbes Magazine’s list of the World’s 700 Best Employers.
SMC surged 131 places to reach No. 43 in this year’s roster, up from 174 last year, emerging as the runaway leader among the few Filipino firms that made it to the global ranking.
With the big leap in its ranking, SMC, led by president and CEO Ramon Ang, becomes the only Philippine firm to make it to the top 50 of the world’s best.
“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 Ang.
He said SMC has always strived to provide employees an environment where they can realize their potential.
Other Philippine companies that made it to the elite roster are Security Bank (54th), Metropolitan Bank and Trust Company or Metrobank (162nd), Ayala Corp. (186th), Alliance Global (283rd), Landbank (304th), LT Group (361st), and SM Investments Corp. (420th).
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, according to Forbes.
For the survey, companies were rated based on criteria including talent development, remote working options, parental leave benefits, diversity, work-life balance, and pride in the product or services that the company offers.
Furthermore, respondents were asked if they would recommend the company to family and friends and also rate companies within their own industries and countries.
This is the second time that SMC has ranked high in a global business survey this year. In September,SMC 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 SMC is still one of the companies that many Filipinos admire and want to work for.
Moving forward, Ang said SMC would continue to create new employment opportunities through its upcoming major projects, including the New Manila International Airport (NMIA)-touted as the single largest investment by a Filipino company, and in the Philippines by far.