8 PH Companies Rank in the Forbes List of World’s 700 Best Employers

The rankings were based on a survey that covered over 170,000 employees working for various multinational companies and institutions from more than 50 countries

Out of the 700 companies that made it to this year’s Forbes list of best employers, eight of them are from the Philippines. Out of the eight, only one managed to make it to the top 50. 

According to a report, the rankings were determined through a survey by market research firm Statista. Statista surveyed over 170,000 employees who are working for different multinational companies and institutions. Employees from over 50 countries were surveyed. 

The companies were ranked based on the following criteria:

  • Talent development
  • Remote working options
  • Parental leave benefits
  • Diversity
  • Work-life balance
  • Pride in the product or services that the company offers

These are the eight Filipino companies who made it to the prestigious Forbes list of best employers: 

1. Alliance Global

First on the list is Alliance Global. The Andrew Tan-led conglomerate ranks 283rd on the Forbes list. 

Alliance Global began in 1994 as a glass container manufacturer. Today, it has ventured into other industries, including real estate as well as food and beverage. Among its subsidiaries are Megaworld Corporation, Golden Arches Development Corporation, and Emperador Inc. 

2. Ayala Corporation

Ranking 186th on the Forbes list of best employers is none other than Ayala Corporation. This company was founded in 1834 when two partners, Domingo Roxas and Antonio de Ayala, invested in a distillery. 

Today, this conglomerate is best known for owning telecommunications company Globe, real estate firm Ayala Land, and financial services company Bank of the Philippine Islands (BPI). 

3. Land Bank

Next on the list is the Land Bank, which ranks 304th on the list. This government-owned bank was created in 1963 “to finance the acquisition and distribution of agricultural estates for division and resale to small landholders as well as the purchase of the landholding by the agricultural lessee,” according to its official website.

Earlier this year, Land Bank was included in the Forbes World’s Best Banks list

4. LT Group 

Formerly known as Tanduay Holdings, Inc., the LT Group was incorporated way back in 1937. This Lucio Tan-led conglomerate ranks 361st on the Forbes list. 

Among the LT Group’s subsidiaries and associates are Eton Properties Philippines, Inc., Philippine National Bank, and Tanduay Distillers, Inc. Tan’s 30-year-old grandson, Lucio Tan III, was recently named the new president of LT Group. 

5. Metropolitan Bank and Trust Company (Metrobank)

Placing 162nd on the list is Metrobank, which was founded on September 5, 1962 by George Ty. The bank has received multiple awards and accolades through the years, including The Asian Banker’s Strongest Bank in the Philippines for two consecutive years. 

Today, it has over 900 branches, offices and subsidiaries both locally and abroad.

6. Security Bank

Another Filipino bank that made it to the list of the World’s 700 Best Employers is none other than Security Bank. It is also one of two Filipino companies that managed to land in the top 100 of the list. 

Established on June 18, 1951, Security Bank is actually the country’s first private and Filipino-controlled bank of post-World War II. Its current subsidiaries include SBM Leasing, Inc., SB Capital Investment Corporation, and SB Equities, Inc., among others.

7. San Miguel Corporation

The other Filipino company to make it to the top 100 is the Ramon Ang-led San Miguel Corporation (SMC). In fact, it is the only one to break into the top 50, ranking at 43rd. 

Originally founded in 1890 as a single product brewery, SMC has now diversified its businesses and tapped into other industries. SMC’s extensive portfolio includes San Miguel Foods, San Miguel Brewery, and Petron Corporation. 

8. SM Investments Corporation

Last and certainly not least on the list is the Sy family-owned SM Investments Corporation. The company ranks 420th on the Forbes list of best employers. 

What was once a humble shoe store in Carriedo started by the late Henry Sy, Sr. SM Investments Corporation has grown into one of the largest conglomerates in the country. Under SM Investments Corporation are SM Retail, Inc., SM Prime Holdings, Inc., BDO Unibank, Inc., and China Banking Corporation (Chinabank).