HB03387: AN ACT FURTHER AMENDING REPUBLIC ACT NO. 8759, OTHERWISE KNOWN AS THE PUBLIC EMPLOYMENT SERVICE OFFICE ACT OF 1999, AS AMENDED, TO INCLUDE ENTREPRENEURSHIP IN THE SCOPE OF THE LAW, TO RENAME THE PRESENT PUBLIC EMPLOYMENT SERVICE OFFICE (PESO) INTO THE PUB
This bill proposes significant amendments to the Public Employment Service Office (PESO) Act, aiming to include entrepreneurship within its scope and rename PESO to the Public Employment and Entrepreneurship Office (PEESO). Crucially, it also seeks to establish Barangay Employment and Entrepreneurship Offices (BEESOs) nationwide. The explanatory note emphasizes the high unemployment and underemployment rates in the Philippines and the vital role entrepreneurs play in job creation and economic growth.
The impact of this bill would be a more efficient and accessible system for job seekers and aspiring entrepreneurs, particularly in rural areas where self-employment is a primary mode of livelihood. By bringing employment and entrepreneurship services closer to the barangay level, the BEESOs would help bridge the gap between job seekers and employers, provide entrepreneurial guidance, and facilitate access to livelihood opportunities, thereby stimulating economic activity and improving the workforce's access to vital services.