BIZ BUZZ: Hybrid work at the largest bank of employers


Recognition is a little more special when it comes from your own employees. At least that’s how Frederick Dy’s Security Bank Corp. feels, which was named the top national bank in the Philippines’ Top Employers 2023 survey by the Philippine Daily Inquirer and Statista.

The market intelligence platform gathered data using anonymous surveys that reached 11,000 employees to come up with the top 300 employers in the country.

Security Bank became the No. 1 local lender and No. 60 compared to other companies in different categories.

Nerissa Berba, senior vice president and head of human capital management at Security Bank, said the recognition affirms their broader goal “to become the ’employer of choice’ in the country.”

“The bank continues to innovate in its human resources programs to attract, engage, develop and retain top talent, as well as to foster a strong and distinctive culture among its employees,” she added.

The lender also highlighted new programs that have been rolled out during the pandemic to “support employee well-being, enrich their learning and development capabilities.”

While onsite office mandates are being implemented by other companies, Security Bank pointed to a “unique” hybrid work setup where many employees are allowed to work from home.

This is an interesting suggestion for other companies that want to get on the good side of their workers.

—Miguel R. Camus

new player

The local economy must show good potential if it can attract foreign players to bring their products into the country despite the presence of alternative local products.

We are talking about the first Japanese oil company, ENEOS, which officially entered the Philippines this week.

The official launch took place last week at the InsideRACING Performance and Lifestyle Expo.

Biz Buzz learns that ENEOS started moving here late last year, but only had a limited range of motorcycle oils. Today, however, Japan’s No. 1 oil company already offers a full range of car and motorcycle lubricants and even racing oil, hence the official launch.

Why ENEOS? Well, it’s the preferred engine oil brand for most Japanese customers and they’ve also worked with champion drivers and teams for a long time.

Its officials say they see great potential for growth in the country and look forward to expanding operations further in the future.

This, of course, means that local brands will face more competition in the future, but the competition is good and so is the company’s vote of confidence in the Philippines market prospects.

—Daxim L. Lucas

Diversity Officer

Many Western companies have a long history of appointing “Diversity Directors” to ensure equal opportunity for all, regardless of gender, race, sexual orientation, age, religion, status economic or disability. Such awareness has reverberated in today’s increasingly “woke” Western movies and TV series.

For its part, the main conglomerate SM Investments Corp. (SMIC) has signed on as a supporter of the UN Global Compact’s Women’s Empowerment Principles (WEPs), joining more than 3,000 other business leaders around the world.

SMIC has also appointed Elizabeth Anne “Lizanne” Uychaco as the group’s first diversity officer, charged with advancing gender equality and championing inclusion.

“We celebrate diversity and inclusion within SM Group, as it reflects the broad individualities of the communities we serve. In addition, diversity and inclusion guarantee innovation in our businesses. When we recognize that people are unique individuals, we explore more options, generating a wider range of user-centric services and offerings,” Uychaco said.

In 2021, Uychaco signed as an individual supporter of UN WEP, which offers guidance to businesses on how to promote gender equality and women’s empowerment in the workplace, marketplace and community. .

Uychaco concurrently serves as senior vice president of business services at SMIC and represents the conglomerate in beneficiary companies, such as Belle Corp., NEO, Goldilocks Bakeshop, Brownies Unlimited Inc., ACE Hardware Philippines and the dorm chain operator Philippines Urban Living Solutions. She also runs the Felicidad Sy Sunshine Place, which offers “comprehensive and enriching” programs for seniors.

About 63% of SMIC employees are women and 58% hold managerial positions.

—Doris Dumlao-Abadilla INQ

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