HB07400: AN ACT INSTITUTIONALIZING THE ENTERPRISE-BASED EDUCATION AND TRAINING FRAMEWORK AND APPROPRIATING FUNDS THEREFOR
Republic Act No. 12063, also known as the "Enterprise-Based Education and Training (EBET) Framework Act," aims to address job-skills mismatch, unemployment, and underemployment in the Philippines by institutionalizing a framework for enterprise-based education and training. This act seeks to enhance the skills of the workforce through partnerships with the private sector, ensuring that individuals can gain new competencies, upskill for career advancement, and acquire entrepreneurial know-how. It harmonizes various training modalities like apprenticeship and learnership under a single, competency-based, and industry-driven framework.
The significance of this Act for the Filipino people lies in its potential to create a more skilled and adaptable workforce, leading to better employment opportunities and career progression. By engaging the private sector, the law ensures that training programs are aligned with the actual demands of the labor market. Furthermore, it provides incentives for enterprises to implement EBET programs and offers support for micro and small enterprises, making quality training more accessible. This proactive approach to skills development and employment aims to foster a globally competitive human resource and strengthen job generation through entrepreneurship.