The International Labor Organization (ILO) is pushing to mainstream international data techniques to help the government reliably forecast skills surplus and shortages amid ongoing “disruptive” occurrences in the local workforce. Know more:
THE International Labor Organization is pushing to mainstream international data techniques to help the government reliably forecast skills surplus and shortages amid ongoing “disruptive” occurrences in the local workforce.
Brimon reported the result of the pilot study they conducted for the SfP, an ILO project funded by the United Kingdom, where they used the labor market information generated by the Philippine Statistics Authority for creating supply-to-demand ratios .Among the data used for the study are the annual average employment in skilled occupations under the Philippine Standard Occupational Classification Level 4 data, and historic data on employment trends by industry for 2017 to 2020.
Brimon said the data analysis will help the Technical Education and Skills Development Authority make estimates on the anticipated demand and supply of occupations.She said they will help other government agencies to conduct similar analyses to help in their policymaking initiatives due to PSA’s “right and high-quality” labor force data.
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