More than 20,000 high school graduates may look forward to PESFA – the Private Education Student Financial Assistance – which is a key TESDA program that has been alloted P200-million in funds.
PESFA aims to extend financial assistance to marginalized but deserving students in tech-voc courses, and to assist private institutions in their development efforts by assuring a steady supply of enrollees to their course offerings.
As new jobs are foreseen this year, the government is pumping a P2.6 billion in scholarship fund into various skills training programs; primarily through the Technical Education and Skills Development Authority (TESDA), the country’s prime agency that promotes and implements technical vocational education and training.
The funds would benefit over 263,000 youth with free education to prepare them as they move into the workforce.
From P1.4 billion in 2014, the fund has been raised to P2 billion this year for the Training for Work Scholarship Program (TWSP), and will be used to support rapid and sustained economic growth through course offerings to key employment generators. This program is aiming to have a total of 210,526 scholars nationwide.
Among the course offerings are in the areas of agri-fishery/agri-business/agro-industrial; tourism; information technology-business process management; semiconductor and electronics; automotives; general infrastructure; other priority manufacturing industries, logistics and new and emerging sectors.
Another key program, the Special Training for Employment Program (STEP), a community-based specialty training endeavor, will address specific needs of the communities and promote employment, particularly, through entrepreneurial, self-employment and service-oriented activities. STEP was alloted P440.7million to fund the training of 32,321 individuals.
As disclosed by TESDA Director General Joel Villanueva, part of the training subsidy will also be used for the micro, small and medium enterprises to undertake education to keep pace with the skills requirements and increase the productivity of workers, thereby creating competitive workforce and products.
He said, “We have scholarship for the high school graduates, out-of-school youth, workers, and even professionals who want to learn new skills. We want to put them in good training positions so that when they graduate, they will be competitive in the workforce.”
He added that their administration wants to leave a lasting legacy; something that will outlive all the funds poured in for the training.
Moreover, Villanueva said that providing relevant skills training is also a key element to ensuring jobs for Filipinos, which would help sustain the economy.
The Asian Development Bank(ADB) earlier said it sees a robust expansion of the Philippine economy in 2015, but noted that the people need sustainable jobs.
In a separate report, human resource expert Leo Gellor said job hunters who have technical and behavioral competence will have the edge in getting hired; thus, he urged the youth to gear up on necessary skills, competencies and set of behaviors appropriate for office situation.
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