Professional Documents
Culture Documents
SUBMITTEDTO:
MR. FREDDY C. NAVARRO, CFMP, MBA,CMITAP
SUBMITTED BY:
ASUMBRADO, DHAIAN
CUENCO, RALPH BRIAN
DIAMANTE, HARVEY MERVYN
LAPE, PRINCES RJ
PACAÑA, NORBERT
SAMBILAD, REYAN
TAMBIS, JAEMAR
TAMBOBOY, CHERRY PIE
TROPICO, REGIE
FEBRUARY 2024
I. TIME CONTEXT
2020-2021
The year 2020 began with optimism for the Philippines, as significant strides were
made towards achieving upper middle-income status and reducing poverty rates
ahead of schedule. President Duterte's fiscal policies and tax reforms contributed to
record-low poverty rates, improved credit ratings, and sustainable funding for priority
programs. However, the onset of the COVID-19 pandemic disrupted this progress,
leading to economic and social challenges.
Impact of Covid-19
Strengths
Resilient BPO sector
Remittance inflows
Digitalization
Government stimulus
Weakness
Economic contraction
High unemployment
Fiscal constraints
Healthcare infrastructure
Opportunities
infrastructure development
Digital transformation
Green economy
Regional Integration
Threats
Pandemic Uncertainty
Global economic conditions
Natural Disaster
Political Instability
Advantage
Disadvantage
Advantage
Workforce reintegration programs provide assistance with job searching,
resume writing, and interview preparation, helping individuals secure
employment more efficiently.
By facilitating the reentry of unemployed individuals into the workforce,
these programs contribute to economic stability by reducing
unemployment rates, increasing consumer spending, and stimulating
overall economic growth.
Disadvantages
Advantages
Disadvantages
IX. RECOMMENDATION
Therefore, we highly recommend ACA#1 “Enhancing skills development and
training programs” as a strategic approach to address economic challenges
and foster sustainable growth. By investing in human capital development, we
can equip individuals with the skills needed to thrive in a rapidly evolving job
market, enhance productivity, and promote innovation. This initiative should
involve comprehensive skills assessments to identify specific training needs,
the development of diverse training programs catering to various sectors and
skill levels, targeted outreach efforts to reach marginalized groups, and
collaborations between public and private sectors to design and deliver
industry-relevant training initiatives. Additionally, flexible training delivery
methods, robust monitoring and evaluation mechanisms, financial incentives
for participants, and advocacy for supportive policies should be implemented
to ensure the success and sustainability of these programs. Overall,
enhancing skills development and training programs will not only benefit
individuals but also contribute to long-term economic prosperity and social
well-being.
X. IMPLEMENTATION
ACTIONS PERSON/S TIME FRAME ESTIMATED
UNDERTAKEN RESPONSIBLE BUDGET