Top 10 Companies To Work For In The Philippines
Finding the perfect job, and the perfect company to work for can be tough. Often, it’s difficult to find a job you’re passionate about that also offers great pay, a good life/work balance, and excellent benefits. However, there are corporations out there that can suit all your needs. With the help of Jobstreet.com’s 2016 Top Companies Report, we have compiled a list of the top 10 companies to work for in the Philippines this year.
Top 10 Companies To Work For, According To Jobstreet:
1. San Miguel Corporation
According to Jobstreet.com’s study, the Filipino-owned business San Miguel Corporation (SMC), topped the list of the most desired companies by Filipino workers for the third straight year. SMC is the Philippines’ largest food, beverage, and packaging company that employs over 15,000 people in Southeast Asia. SMC boasts being one of the most diversified conglomerates in the region, with a huge portfolio of high performing businesses, brands, and products. The company is guided by its core values of integrity, passion for success, teamwork, innovation, respect, and social responsibility. SMC’s core values, along with great pay and benefits, make it one of the most sought after places of employment for Filipinos.
2. Nestle Philippines
Nestle Philippines was able to remain in the number two spot in 2016. The company offers exceptional health benefits that extend to employees’ family members, along with competitive pay and a desirable work environment. The study also revealed that Nestle provides employees with opportunities for career advancement, which is another huge motivational factor for many Filipino workers.
3. Accenture Philippines
Accenture Philippines was able to hold onto the number three spot again in 2016. According to the company website, Accenture offers employees what it referred to as a “Total Rewards” package. This package includes competitive compensation, a comprehensive benefits package, professional growth opportunities, and programs to help employees balance work with a healthy family-oriented lifestyle. Accenture also places a huge emphasis on recognizing individual contributions and performance. It’s easy to see why Accenture is in the top three of the most sought after companies in the Philippines.
4. BDO Unibank
BDO Unibank jumped up four spots in 2016, knocking Shell Philippines off the list completely. BDO believes that its people are the company’s most important assets, and the company recognizes that the strength of their business relies on healthy and happy employees. BDO provides its employees with a comprehensive benefits plan including group life insurance, medical insurance, as well as accident insurance. Given BDO’s dedication to its employees, it’s not hard to see why many Filipinos from all career levels aspire to work there.
5. Ayala Corporation
Ayala Corporation moved up four spots in 2016, taking over the number five position from Procter & Gamble. Ayala Corporation is one of the largest holding companies in the Philippines, and has been in existence for over 180 years. Ayala corporation has a large portfolio that includes leadership in real estate, telecommunications, water infrastructure, financial services, electronics, automotive, business process outsourcing, power generation, transport infrastructure, and education. At the center of Ayala’s business model are four corporate values: integrity, long-term vision, empowering leadership, and commitment to national development. Many Filipinos desire to work at Ayala is due to the company’s emphasis on innovation, encouragement of continued education, and opportunities for career advancement.
Here are other companies that made the top 10 with their previous rankings:
6. Coca-Cola FEMSA Philippines (Up from number nine in 2015)
Coca-Cola Philippines is the largest bottler of Coca-Cola products in the world, and is proud to employ over 8,000 Filipinos. Per the company website, Coca-Cola FEMSA aspires to be the best employer in the Philippines, and has made significant investments to its product portfolio as well as its commitment to employees. Those who work here are granted with a comprehensive benefits package as well as very competitive pay and opportunities for career advancement.
7. SM Investments (Down from number six in 2015)
SM Investments Corporation (SM), is a top Philippine conglomerate with interests in property development and banking. SM is well-known for its operation in retail through malls all over the country, which includes The SM Store, and various food retail stores. SM prides itself on promoting innovation, and provides employees with many opportunities for career advancement.
8. Google Philippines (Not in the top 10 in 2015)
It’s hard to imagine a world without Google, so it’s not surprising that many Filipinos aspire to be employed by the tech giant. There are many benefits of working at Google including opportunities for career advancement, an extremely generous benefits plan, some of the best maternity and paternity leave in the world, global tuition reimbursement, and some of the most innovative work environments known to man.
9. Procter & Gamble Philippines (Down from number five in 2015)
Procter & Gamble (P&G), employs over 1,300 Filipinos across three work sites: the Philippines Selling and Marketing Organization, the Manila Service Center, and the Cabuyao Plant. P&G boasts providing employees with high compensation, along with medical insurance, life insurance, retirement plans, a great life/work balance, and much more.
10. ABS-CBN Corporation (Down from number seven in 2015)
ABS-CBN is the leading media and entertainment company, and one of the top radio broadcasters in the Philippines. The company dedicates itself to serving a greater purpose in society by providing exceptional service to Filipinos worldwide. A dedication to the greater good, along with competitive pay and exceptional benefits is what attracts many Filipino workers to ABS-CBN.
Top 5 Influencing Factors On Deciding Which Company To Work For
According to Jobstreet.com’s 2016 report, the top reason respondents cited for wanting to work at the above-mentioned companies was salary. The 2016 study revealed that benefit and incentives such as health insurance, retirement pay, and employee bonuses were the top motivating factors. Wondering which industry pays the highest? Take a look at the top 10 highest paying jobs in the Philippines in 2017.
2. Superior Perks and Benefits
Coming in at number two is superior perks and benefits. Recent graduates and those who have been in the workforce for less than a year, list superior perks and benefits as the most important aspect of employment.
3. Career-Enhancing Training and Development Opportunities
Career-enhancing training and development opportunities was the third leading factor that influenced employment decisions among those surveyed. Developing skills to enhance your performance at work should be a top priority, but most training and advanced degrees cost a significant amount of money. If you can find a company that is willing to provide you with additional training, or pay for you to go back to school, do not pass up this opportunity.
4. Opportunities for Career Growth
The fourth most crucial factor among those surveyed was the opportunity for career advancement. Nobody wants to get stuck in a dead-end job. Finding an employer who is willing to help you develop your leadership skills is invaluable.
5. Company Reputation
Rounding out the top five is company reputation. Among those surveyed, many indicated that a company’s overall reputation was a major deciding factor. Since your resume will be updated with your employment background, it’s important to choose an employer with a good reputation in the Philippines. Working for a company with a poor reputation could affect your chances of being hired by other companies in the future.
How Are People Finding Out About Company Perks?
JobStreet.com’s survey also asked respondents how they found out about the attractive characteristics of the employers on the top 10 list. To no surprise, many the respondents stated they utilized the Internet, primarily social media, online articles, and job company websites to research the corporations. Word of mouth was the second most popular way respondents learned about the characteristics and values of the companies they aspire to work for. Recent college graduates and junior executives claimed to use online channels as their primary resource for information about their dream corporations, while supervisors and managers claimed to use testimonials from family and friends who work at the corporation.
What Does This Tell Us?
While it may seem impossible to find a job that caters to all your needs, looking for an opportunity at one of the top 10 companies listed above is a great place to start. Though most respondents listed salary as the number one motivating factor, there are aspects of employment that are equally important as salary such as company values, health benefits, work/life balance, opportunities for career growth, company reputation, and career development opportunities. Finding a good balance of these elements will help you achieve success and happiness in your professional life. After all, what is the appeal of a huge paycheck if you are unsatisfied in your career?