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3 Philippine companies make it to Forbes’ ‘World’s Best Employers’ 2021 list

By Tanya Lara Published Oct 14, 2021 2:42 pm

Three Philippine companies are listed in Forbes’ ‘World’s Best Employers’ for 2021. Out of 750 companies on the list, Jollibee is ranked 256th; Ayala Corp., 487th; and Aboitiz Equity Ventures, 487th.

South Korea’s Samsung takes first place, followed by the United States’ IBM, Amazon, Microsoft and Apple.

On the list, 236 are US-based, 91 from Germany, and 57 from China. Engineering and manufacturing industries have the most representation but the Top 5 are all tech companies.

Released on Oct. 12, Forbes said they worked with market research company Statista to survey 150,000 full-time and part-time workers from 58 countries working for multinational companies and institutions.

“Survey participants were asked to rate their willingness to recommend their own employers to friends and family. They were also asked to evaluate other employers in their respective industries that stood out positively or negatively. The list is composed of 750 companies that received the highest scores.” 

The Philippines’ Jollibee Foods Corporation has about 1,200 fast food outlets worldwide. Founded by Tony Tan Caktiong in 1975, the first outlet was an ice cream house in Cubao, Quezon City.

In 2019, Jollibee reported a net income of P7.51 billion, according to Statista. In 2020, when the pandemic hit and lockdowns closed restaurants across the globe, Jollibee reported an annual net loss of P11.5 billion in the first three quarters and plugged its losses in the fourth quarter.

It rebounded in the first quarter of 2021, reporting a net profit of P153 million, according to a Forbes report in May this year.

Ayala Corp. is a publicly listed holding company engaged in real estate, telecommunications, utilities, logistics, financial and insurance services. Chaired by Jaime Augusto Zobel de Ayala, Ayala Corp. listed P1.41 trillion in assets in 2020 with a net income of P29.27 billion and P193.62 billion in revenue in the same year.

Aboitiz Equity Ventures is a holding company based in Cebu with businesses in power, banking and financial services, food, infrastructure, land, data science and artificial intelligence. Chaired by Enrique M. Aboitiz, Aboitiz Equity Ventures was founded in 1989 with five generations of the family behind it.

Labor shortages, according to Forbes, have led employers around the world to compete in an effort to attract and retain top talent.”

For a complete list of Forbes’ 750 Best Employers, click here.