(a) To stimulate national and local economic growth and development through various means, including, but not limited to, aligning investment and other incentives provided by law to the creation of more decent employment and other work opportunities to address unemployment, underemployment, youth unemployment, rising precarity and informality of working arrangements, reintegration of Overseas Filipino Workers (OFWs), and other challenges in the labor market;

(b) To promote the employability, competitiveness, wellness, and productivity of workers through efficient, effective, and timely delivery of industry-relevant skills training and enhancement programs, reintegration pathways, active labor market activities, and other services to allow workers to gain access to and maximize opportunities in the labor market;

(c) To provide support and incentives to businesses, whether existing or emerging particularly MSMEs, including increased access to financing and capital, to promote self-reliance, spur employment generation, and ensure the security and protection of employment; and

(d) To incentivize employers, industry stakeholders, and other private sector organizations that offer training, technology, knowledge and skills transfer, upskilling and reskilling enterprise-based training, such as apprenticeship, work immersion, or on-the-job training, and other similar activities.

(a) Providing support for the establishment, business continuity, and growth of MSMEs, including start-ups and cooperatives, through increased access to financing, capital, and other incentives, transition of informal MSMEs to formality, and other support mechanisms;

(b) Skilling, upskilling, and reskilling the workforce, including industry-relevant skills and core skills, to improve their employability and competitiveness and to foster lifelong learning, taking into consideration the nuanced needs of workers from marginalized or vulnerable sectors;

(c) Encouraging and providing incentives to employers and other private sector organizations, including industry stakeholders, that offer training, technology, knowledge and skills transfer, upskilling and reskilling, enterprise-based training, such as apprenticeship, work immersion, or on-the-job training, recognition of prior learning and experience, and other similar activities geared towards the improvement of the workforce.

(d) Empowering the workforce on their rights and obligations under the Philippine Constitution, Presidential Decree No. 442 or the Labor Code of the Philippines, as amended, and other rules and regulations, including the right to self-organization, freedom of association, and collective bargaining, through orientations, seminars, and similar modes;

(e) Identifying priority sectors, key and emerging industries, and other activities with high employment potential for various purposes, such as encouraging domestic and foreign direct investments, implementing targeted interventions and subsidies and providing support to create value-adding supply chain;

(f) Expanding the implementation of active labor market policies, information, and programs, including employment facilitation and reintegration support for OFWs, and utilizing innovative means to improve accessibility and efficiency in delivering such services;

(g) Enhancing tripartism and social dialogue among workers, employers, and the government, and increasing the participation and representation of marginalized and vulnerable sectors in various labor issues and concerned;

(h) Addressing youth unemployment by, among others, identifying challenges in the school-to-work transition of new entrants in the labor market, including challenges confronting youth not engaged in education, employment or training (NEET);

(i) Providing standards for training and employment of apprentices, and formulating guidelines for the creation of apprenticeship programs and other enterprise-based education and training modalities to improve productivity and efficiency in the workforce;

(j) Establishing effective and inclusive grievance redress mechanisms to provide an accessible and credible channel for complaints and exact accountability to those liable for obligations and commitments;

(k) Providing support to, and promoting the welfare of, all workers in new forms of work arrangements, such as freelance work, whether in-person or through online platforms or gig economy;

(l) Formulating integrated plans and incentives to encourage and facilitate the transition of workers and enterprises from the informal to formal economy through enabling interventions, such as, but not limited to, business registration, financial literacy programs, and enrollment in social protection programs, such as the Social Security System (SSS), Philippine Health Insurance Corporation (PhilHealth), and the Home Development Mutual Fund (Pag-IBIG);

(m) Promoting the adoption of ethical and fair recruitment standards and practices to protect the rights of migrant workers, promote decent work, and enhance the global competitiveness of Filipino workers;

(n) Promoting access to and utilization of digital infrastructure in doing business among MSMEs and informal economic units to overcome the digital divide; and

(o) Contributing to the implementation of the full-cycle and comprehensive national reintegration program for documented and undocumented OFWs.

(a) Director-General of the National Economic and Development Authority (NEDA), as Chairperson;

(b) Secretary of the Department of Trade and Industry (DTI), as Co-Chairperson;

(c) Secretary of the Department of Labor and Employment (DOLE), as Co-Chairperson;

(d) Director-General of the Technical Education and Skills Development Authority (TESDA), as member;

(e) Secretary of the Department of Budget and Management (DBM), as member;

(f) Secretary of the Department of Finance (DOF), as member;

(g) Secretary of the Department of the Interior and Local Government (DILG), as member;

(h) One (1) representative from the employers' organizations;

(i) One (1) representative from the labor organizations;

(j) One (1) representative from the marginalized or vulnerable sector; and

(k) One (1) representative from the informal sector.

(a) Formulate the TPB Plan that shall include action components, success measures, and key performance indicators as provided under this Act and such other strategies and activities as may be necessary;

(b) Monitor, review, evaluate and update, as necessary, the TPB Plan, its implementation and accomplishments, identify gaps in execution, and recommend improvements;

(c) Conduct a comprehensive analysis of the employment situation and labor market in the country, global employment and economic trends, existing policies and programs affecting the workforce and specific workers in particular sectors, and map initiatives undertaken with the support of the private sector, nongovernment organizations, or international development organizations;

(d) Review and streamline all existing policies, plans, programs, projects, and all existing inter-agency councils, and provide directions for the alignment of their efforts with the TPB Plan to avoid duplication of functions, ensure effective use of resources, and harmonize and complement all government efforts;

(e) Assist LGUs in planning, devising, and implementing employment generation and recovery plans and programs within their localities, and ensure their alignment with the TPB Plan;

(f) Craft and provide guidelines for the institutionalization of the TPB Plan in each government agency; and

(g) Perform such other functions that may be related to the implementation of the TPB Plan.

(a) Corporate and coordinate with the TPB-IAC in the alignment and integration of the TPB Plan with their policies and programs; and

(b) If requested, provide the necessary information to the TPB-IAC to realize the objectives in this Act.

(a) Timelines and status of implementation and accomplishments of each action component in the TPB Plan;

(b) Evaluation of policies, plans, programs, and projects of relevant govenrment agencies;

(c) Recommendations for possible policy interventions to improve and address identified labor market challenges in the TPB Plan; and

(d) Other information that may be relevant.