Marcos signs law to tackle jobs mismatch, push quality employment ~ HUMAN RIGHTS PROMOTIONS

Friday, November 8, 2024

Marcos signs law to tackle jobs mismatch, push quality employment

Friday, November 08, 2024 Herbert Curia - Promoter No comments

From the Website of INQUIRER

links: https://newsinfo.inquirer.net/2002133/marcos-signs-law-to-tackle-jobs-mismatch-push-quality-employment

Passage of ‘game changer’ EBET Act lauded by business group

links: https://newsinfo.inquirer.net/2002459/passage-of-game-changer-ebet-act-lauded-by-business-group

---------------------------

Marcos signs law to tackle jobs mismatch, push quality employment

MANILA, Philippines — President Ferdinand Marcos Jr. signed into law the Enterprise-Based Education and Training (EBET) Framework Act to address jobs and skills mismatch, strengthen career development, and promote quality employment in the country.

Marcos believes that the new law, which will also be known as Republic Act No. 12063, will result in improved employment and an increased employment index.

“By establishing a framework on career advancement and industry-relevant skills, this law directly addresses the issues [of] the lack of formal training and skill mismatches, ensuring that every Filipino can contribute and benefit from our nation’s growth,” the president said in his speech during the signing ceremony at the Malacañan Palace on Thursday.

“By opening pathways to professional growth, employment opportunities, and entrepreneurship, we are answering the call for quality employment and fostering a globally competitive workforce,” he added.

The Palace said the EBET Framework Act aligns with the government’s efforts to bolster, rationalize, and harmonize various enterprise-based training modalities under one framework.

According to Marcos, the new law will open and expand training opportunities for those who want to acquire and upgrade their skills to become globally competitive and fit for the evolving labor market.

The Philippine Statistics Authority’s Labor Force Survey released Wednesday showed that the jobless rate in the country dropped to 3.7 percent in September from 4 percent in August this year.

The survey likewise noted that more female workers joined the labor force, specifically in the wholesale and retail trade sectors, ahead of the busy holiday season.