The government is stepping up its efforts to create more jobs in the country by attracting more investments and by addressing the mismatch between workers' skills and the skills required in the market today, the National Economic and Development Authority (NEDA) said over the weekend.
The regulatory environment "should promote employment creation," said Socioeconomic Planning Secretary and NEDA Director General Arsenio Balisacan.
“To generate more and better employment, we are working on improving the business climate and labor regulations,” he said.
"It also needs to be responsive to the needs of firms to easily adjust employment requirements according to changes in output markets while still ensuring decent work for those employed,” he added.
Balisacan echoed NEDA Deputy Director General Emmanuel Esguerra's earlier comment that a $3-billion increase in investments in tourism, manufacturing and business process outsourcing could generate 621,000 direct and indirect jobs “through multiplier effects,” said Balisacan.
In an earlier interview, Balisacan said government agencies are already “working closely with concerned sectors to address jobs mismatch”: the Commission on Higher Education (CHED) is working with state universities and colleges “to ensure that the courses offered will match the needs of the economy,” and the Technical Education and Skills Development Authority (TESDA) has rolled out programs aimed at reaching the country's unskilled laborers. — BM, GMA News
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