HB07370: AN ACT CREATING A TRIPARTITE COUNCIL TO ADDRESS UNEMPLOYMENT, UNDEREMPLOYMENT, AND THE JOB-SKILLS MISMATCH PROBLEM IN THE COUNTRY, AND APPROPRIATING FUNDS THEREFOR
House Bill No. 7370 proposes the creation of a Tripartite Council aimed at addressing unemployment, underemployment, and the job-skills mismatch in the Philippines. This council will serve as a coordinating body among the government, academe, and industry sectors to monitor economic trends, labor market conditions, and generate information related to employment. Its key functions include formulating policies and programs, reviewing academic curricula and training programs, assessing qualifications against national and international standards, and inventorying job specifications and skills requirements. The Council will be attached to the Commission on Higher Education (CHED) for administrative and budgetary purposes and will submit an annual report to Congress on the status of employment and labor market trends.
The establishment of this Tripartite Council is significant for the Filipino people as it directly tackles critical issues affecting their livelihoods and economic well-being. By fostering collaboration between various sectors, the bill aims to ensure that educational and training programs are aligned with the demands of the business and industry sectors, ultimately reducing the gap between available jobs and the skills of the workforce. This initiative seeks to enhance productivity, improve living standards, and promote the sustained development of a skilled citizenry, contributing to the country's overall economic development goals and offering better employment opportunities for graduates and job seekers.