Conglomerate San Miguel Corp. is ranked sharply higher to 43rd on Forbes Magazine and research firm Statista’s World’s Best Employers list.
The conglomerate emerged this year as runaway leader from its last year’s 174th ranking of Filipino firms that made it to the prestigious list.
“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,” San Miguel president Ramon S. Ang said.
“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 this year that San Miguel ranked high in a global business survey. In September, it counted among the top 50 percent of Time Magazine’s list of the World’s Best Companies for 2023, ranking 347 overall, and making it the top two of just six Filipino firms that made it to the list.
Other Philippine companies that made it to the elite roster are Security Bank at 54th; Metropolitan Bank and Trust Co., 162nd; Ayala Corp., 186th; Alliance Global Group Inc., 283rd; Landbank of the Philippines, 304th; LT Group Inc., 361st; and SM Investments Corp., 420th.
“Looking after the overall wellness of our employees is imperative as they are the lifeblood of our organization. Anchored on our founder’s values, we continue to nurture a positive company culture, providing purposeful work and equal growth opportunities for our people,” SMIC president and CEO Frederic C. DyBuncio said.
The distinction coincide with SM’s 65th-year anniversary. Key leaders from the cited business units share insights on the company’s work culture and how employees are vital to the company’s growth and success.
“Being recognized as one of the Philippines’ Best Employers is an honor that reflects our commitment to our most valuable resource—our people. By fostering a workplace rooted in fairness and integrity in SM Prime, we continuously create a positive, transparent and creative environment,” SM Prime Holdings Inc. president Jeffrey C. Lim said.
Forbes rankings are determined through a survey conducted by market research firm Statista, covering more than 170,000 employees who work for various multinational companies and institutions from over 50 countries worldwide.
Respondents are asked whether they would recommend their company to family or friends, and to rate their employer based on such criteria as talent development, remote working options, parental leave benefits, diversity, work-life balance and pride in the product or services the company offers. Participants could also rate companies within their own industries and countries.
