35.8 C
Manila
Wednesday, April 24, 2024

Government allots ₧54.8 million to fund productivity training for MSMEs, workers

- Advertisement -

The government is aiming to provide productivity training to at least 21,000 micro, small, and medium enterprises (MSMEs) under its National Employment Recovery Strategy (NERS) to help pandemic-stricken employers and workers.

In a text message, National Wages and Productivity Commission (NWPC) Deputy Executive Director Jeanette Damo told the BusinessMirror that a P54.8 million was allotted for the program.

She said it will be used to train employers on skills, which are relevant amid the novel coronavirus disease (Covid-19) health crisis such as Business Continuity Planning and Management; ensuring work-life balance among their personnel; using the Internet for their operations; and maximizing social media marketing.

NWPC Executive Director Ma. Criselda R. Sy said the measure would allow employers to continue their operations even during the pandemic, when companies become more reliant on online to continue their businesses.

She noted they opted to “revise” their productivity training to cater to the needs of companies during the Covid-19 crisis based on the winners of their Productivity Olympics last year.

Sy noted they analyzed some MSMEs tend to be more resilient to the effects of the pandemic through good business practices.

“Our objective is to recognize and benchmark MSMEs that have actually demonstrated resilience to reach their targets and at the same time sustain their growth and preserve employment,” Sy said.

She said their Regional Tripartite Wages and Productivity Boards (RTWPBs) are currently accepting entries from MSMEs for their next round of Productivity Olympics.

The deadline for submission of entries is on June 30, 2021.

The winners of the contest can get a cash award of P20,000 to P150,000 as well as a trophy and priority endorsement to other training programs and services of the Department of Labor and Employment.

Read full article on BusinessMirror

- Advertisement -
- Advertisement -

Related Articles

- Advertisement -
- Advertisement -

Latest Articles

- Advertisement -