Last Updated on January 7, 2024 by OJ Maño
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San Miguel Corporation (SMC) climbed 131 spots to number 43 on the annual World’s Best Employers list by Forbes Magazine and research firm Statista, emerging as the runaway leader among the few Filipino firms that reached the global ranking.
The list highlights companies recognized for their positive workplace cultures, employee satisfaction, and overall employer reputation. Forbes collaborates with Statista, a global market research company, to compile the list based on surveys of employees worldwide.
The criteria for inclusion in the list include employee recommendations, company image, economic footprint, talent development, and gender equality. However, the specific criteria and methodology may change from year to year.
SMC Ranked 43 on the annual World’s Best Employers list 2023
SMC, led by President and Chief Executive Officer Ramon S. Ang, climbed to 43rd place this year from 174 in last year’s ranking to become the only Philippine firm to make it to the top 50 of the world’s best.
Other Philippine companies that made it to the elite roster are Security Bank (54th), Metropolitan Bank and Trust Company or Metrobank (162nd), Ayala Corporation (186th), Alliance Global (283rd), Landbank (304th), LT Group (361st), and SM Investments (420th).
According to Forbes.com, 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 and some of the most recognized and successful Philippine firms. This shows 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 added: “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 resonated with our employees. We have always strived to provide our employees with an environment where they can learn, realize their potential, build good relationships with colleagues, and feel they are part of a great heritage and something bigger. We believe this has greatly contributed to our successes over the years.”
This is the second time SMC has ranked high in a global business survey this year. In September, it placed in the top 50% 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 major projects, including the New Manila International Airport (NMIA), which is said to be the single most significant investment by a Filipino company in the Philippines by far.
Recently, it renewed a partnership with the Technical Educations and Skills Authority (TESDA) to expand a joint skills training partnership to train more workers for upcoming job opportunities at the NMIA and other major SMC projects nationwide.
Apart from competitive compensation and benefits, SMC has various programs to help employees hone their skills to advance in their careers and maintain their health and well-being.
The company also provides employees opportunities to give back to the community through volunteerism for its various Corporate Social Responsibility (CSR) and Sustainability programs.
The Forbes and Statista survey rated companies based on talent development, remote working options, parental leave benefits, diversity, work-life balance, and pride in the company’s product or services.
Respondents were also asked if they would recommend their company to family and friends and rate companies within their industries and countries.
Read SMC, gov’t forge most extensive CSR collaboration to clean up, rehabilitate Luzon rivers 2023, Empowering Filipino Workers: SMC and TESDA Unite to Propel Training for Prime Roles in NMIA and Key National Ventures, and Empowering 115 Young Engineers from PH Universities to Excel in the Upcoming MRT-7 Endeavor through SMC’s Dynamic Training.