Republic Act 12063 or the Enterprise-Based Education and Training (EBET) Framework Act aims to provide Filipino workers with opportunities to gain new skills and competencies or to upskill for career advancement so they could secure quality jobs or obtain entrepreneurial know-how.
It also seeks to meet the labor market's demand for well-trained and adaptable human resources and strengthen and harmonize competency-based and industry-driven programs under the EBET framework.
Marcos described the newly enacted law as "visionary" and "certainly timely."
"We reaffirm our commitment to addressing the skills gap in our labor force and pledge to forge a more adaptable, future-ready workforce," the President said during the signing ceremony at Malacañang.
"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," he added.
Marcos expressed optimism that the law would help improve the country's employment figures.
"At its heart, the EBET Framework Act aims to provide Filipino workers with accessible and relevant skills training, bridging the capabilities of individuals with the demands of industry," the Chief Executive said.
This story is from the November 08, 2024 edition of The Philippine Star.
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This story is from the November 08, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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