These Are the 8 Filipino Companies in Forbes' 700 Best Employers in the World
Forbes has recently released its global rankings of the best employers to work for list for 2023. And we have a few Filipino multinational companies and institutions that have made their mark on the international stage.
The magazine was said to have partnered with market research firm Statista, surveying more than 170,000 employees across 50 countries worldwide. Each respondent was asked if they would recommend the company to friends or family, as well as rate their employers based on several factors. These included questions related to talent development, remote working options, parental leave benefits, diversity, work-life balance, and pride in the company's product or services.
Among the list are familiar names like Ayala Corporation and San Miguel Corporation, as well as banks like Landbank and Metrobank. Only two Filipino companies made the top 100 for the best employers in the Philippines.
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Filipino Companies That Made the Forbes World’s Best Employers List 2023
420| SM Investments Corporation
President and CEO: Frederic Cuyegkeng DyBuncio
SM Investments Corporation (SMIC), or SM Group, employs about 140,000 people across interests in shopping malls and real estate development, banking, and tourism, among others.
361| LT Group, Inc.
Chairman and CEO: Lucio C. Tan
Founded in 1937, LT Group, Inc. has expanded its portfolio to include distilled spirits, beverages, tobacco, property development, and banking. It has around 14,000 employees.
304| Landbank
CEO: Lynette V. Ortiz
With more than 10,000 workers, the Bank of the Philippines is the country's state financial institution, contributing to the socio-economic development of the national government.
283| Alliance Global
CEO and Vice Chairman: Kevin TAN
Spearheaded by Filipino-Chinese billionaire Andrew Tan, Alliance Global has stakes in liquor, gaming, property development, and fast food. It employs close to 33,000 individuals under its wing.
186| Ayala Corporation
CEO: Cezar Juan P. Consing
A business conglomerate that has one of the most diversified operations in the country, the Ayala Corporation has interests in real estate, financial services, water, telecommunications, power generation, transport infrastructure, business process outsourcing, and healthcare industries, among others. It has around 64,000 employees working in its various industries.
162| Metropolitan Bank and Trust Company (Metrobank)
President and Director: Fabian S. Dee
Founded in 1962, Metropolitan Bank and Trust Company (Metrobank) remains one of the leading universal banking institutions in the country. There are 10,000 employees currently working under the group.
54| Security Bank
Chief Executive Officer: Sanjiv Vohra
Another leading universal bank in the Philippines is Security Bank Corporation. It has more than 7,000 employees that serve retail, commercial, corporate, and institutional clients. The company is only the second Filipino entity to make the top 100.
43| San Miguel Corporation
Vice Chairman President, and CEO: Ramon Ang
Entering the top 50 is one of the Philippines' biggest and most diversified conglomerates, San Miguel Corporation. It is an enterprise that is invested in oil, power, packaging, food and beverages, and infrastructure, among other ventures. The enterprise has more or less 50,000 individuals working under its name.
