In-Brief

Scotiabank ranked among LatAm’s ‘best multinationals to work for’

"We're proud to have the confidence of our employees," says Scotiabank CEO Peter Bessey (Credit: © Mauricio Pascual)

For the fifth consecutive year, Scotiabank has been included in the Great Place to Work Institute’s list of “Best Companies to Work For in Central America and the Caribbean,” for its operations in Puerto Rico, Dominican Republic, El Salvador, Panama, Guatemala and Costa Rica.

The bank ranked 19th among the 25 listed companies.

“At Scotiabank de Puerto Rico we’re honored to be part of this recognition that highlights the best employers in the Caribbean region,” said Peter Bessey, CEO of Scotiabank de Puerto Rico. “This recognition is extremely valuable to us because it is based on surveys of our employees, whose results are consistent with our own internal assessments.”

Inclusion on the list of “Best Companies to Work For” depends mainly on the responses to the survey carried out independently by the Institute, in which the staff of the participating organizations evaluate the confidence level and quality of labor relations. The Institute’s confidence index includes the following elements: pride, credibility, respect, fair treatment and camaraderie among co-workers.

To be eligible to participate in the list, multinationals must have been recognized in at least three national lists of Latin America in the past year, have at least 1,000 employees worldwide, and have at minimum of 40 percent of total employees working outside the country of origin (where the company is headquartered), the Institute said.

This year, Kimberly Clark capped off the list, followed by Telefónica, Microsoft Corp., McDonald’s and Diageo rounding out the top five.

Author Details
Business reporter with 25 years of experience writing for weekly and daily newspapers, as well as trade publications in Puerto Rico. My list of former employers includes Caribbean Business, The San Juan Star, and the Puerto Rico Daily Sun, among others. My areas of expertise include telecommunications, technology, retail, agriculture, tourism, banking and most other areas of the economy.

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