Press Release - PRIB: Senate Approves Measure to Enhance Enterprise Education, Training

? To address job-skills mismatch, underemployment and unemployment, the Senate, on Monday, August 12, 2024, approved on third and final reading Senate Bill No. 2587, otherwise known as the Act Strengthening the Enterprise-Based Education and Training (EBET) Framework, ?a critical support measure to the Trabaho Para Sa Bayan (TPB) Plan under Republic Act No. 11962.

?? Sen. Joel Villanueva, principal author and sponsor of the measure, said that the EBET Framework is designed to rationalize and harmonize all guidelines governing enterprise-based education and training programs, encourage its conduct by enterprises, and expand training opportunities for individuals who want to acquire or upgrade their skills.

?? The bill facilitates active partnership among all stakeholders, recognizing the private sector as indispensable in addressing job-skills mismatch, to ensure that the skills and competencies of workers are able to meet the skills and competencies required by the rapidly evolving labor market.

? In identifying the extent of estimated job-skill mismatch in the country, Villanueva cited a 2022 Philippine Institute for Development Studies (PIDS) study which showed that in terms of work, 39 percent of the employed Filipinos were overeducated, while 29 percent were undereducated.

"What does this mean? While there are many workers who accept jobs that are not commensurate with their qualifications, there are also many workers who lack the required skills," Villanueva said in Filipino.

While the unemployment rate dropped to its lowest in two decades to 3.1% as of June 2024, there is a significant jump in underemployment from 9.9% in May 2024 to 12.1% in June 2024, showing that more workers desire to have additional hours of work or an additional job.

On average, graduates of EBET make up just 3.9 percent of all graduates from different training modalities, despite EBET programs registering the highest employment rates as compared to other forms of TESDA training, ranging from 86.26 percent to 91.14 percent.

"President Marcos directed us to prioritize and ensure the urgent passage of the EBET Framework Act in the Senate. Thus, with the support of our colleagues and