The Department of Trade and Industry (DTI) said the Philippines and the World Economic Forum (WEF) have agreed to sustain their cooperation for the Jobs Accelerator Network Initiative.
The goal is to leverage the partnership to drive growth in key sectors such as semiconductors and electronics, business process outsourcing, and critical minerals.
The DTI in a statement on Sunday said Trade Secretary Cristina Roque met with Till Leopold, head of Work Wages and Job Creation at WEF, in Davos, Switzerland on Jan. 22, 2025.
Their meeting focused on strategic priorities and opportunities under the ongoing Jobs Accelerator initiative.
The program, co-chaired by public and private sector leaders, gained support from WEF which provided tools that could help map out policies on jobs creation, the WEF said in a separate post on its website.
Roque and Leopold delved deeper into the WEF’s Future of Jobs Report published Jan. 8, 2025.
The report said about 68 percent of Filipino workers are required to undergo training designed to meet evolving skills demand from employers starting in 2030.
This is higher than 59 percent required globally.
The report further said only 38 percent of workers in the Philippines have completed training, compared with 50 percent globally.
The findings “are crucial for shaping policies that will equip the Filipino workforce with the necessary skills to navigate and excel in the digital and artificial intelligence-driven job market.”
The WEF said the Jobs Accelerator in the Philippines focuses on digital skills development, easing transitions into emerging jobs and creating high quality opportunities for job-seekers.
