First Balfour Inc., the Lopez Group’s engineering and building unit, has obtained the very best degree of recognition as an employer from Buyers in Folks (IIP), a London-based worldwide physique that units world requirements in folks administration.
The corporate has earned the IIP’s Platinum Award accreditation after it hurdled the standardization physique’s rigorous audit and evaluation benchmarks for managing workers. First Balfour has develop into the primary and the one engineering and building firm within the Philippines to earn this highest degree of accreditation from IIP.
“The IIP recognition, which is contained in a 46-page report, reaffirms our dedication to the event of our folks — the driving power behind our success,” mentioned Carlos Pedro C. Salonga, First Balfour head of human assets. “This additional helps our firm’s model as a fantastic employer and an outperforming place to work with.”
IIP hardly ever bestows Platinum accreditation to organizations and not more than 2 % of all IIP-accredited organizations have met requirements worthy of this degree of accolade. IIP bestowed the award to First Balfour throughout a digital ceremony on June 14, 2024.
“Reaching this award is the end result of the collective efforts of our leaders and workers in constructing and preserving a excessive efficiency, excessive engagement tradition. It’s a testomony to the shared aspirations of your entire group in creating a piece surroundings whose most important differentiating functionality is its folks practices, setting it aside from its opponents,” Salonga added.
First Balfour has proven constant enchancment in satisfying IIP’s requirements because it obtained its first IIP recognition again in 2010. It earned from IIP a Bronze Award in 2013; a Silver Award in 2017; and a Gold Award in 2020 earlier than it snagged the Platinum this yr.
“And as we have fun our fifty fifth anniversary this yr, we proceed to sit up for extra thrilling improvements from our workers and co-creators that allow our firm to satisfy its mission and dedication to a sustainable future,” Salonga declared.
A subsidiary of Lopez-led First Philippine Holdings (FPH), First Balfour initially relied on enterprise primarily from different Lopez Group corporations when it was organized manner again in 1969. It has since then expanded its enterprise by serving to increasingly tasks being undertaken by corporations exterior the FPH Group.
Right now, the majority of First Balfour’s revenues come from non-FPH purchasers. It has participated in establishing a few of the nation’s greatest infrastructure tasks that embrace Manila Water Firm’s water service enchancment challenge, the Cebu-Cordova Hyperlink Expressway, the North Luzon Expressway, and the Gentle Rail Transit Line 1 Cavite Extension, amongst others.
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