Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities

The Global Labor Market Conference (GLMC), [empty] has seen the signing of 31 agreements and Memoranda of Understanding (MOU) in between various entities, intending to supply thousands of training chances and jobs for the global labor force. This contract was signed at the 2nd edition of the GLMC 2025, released in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, together with 40 labour ministers. According to the ministers, [empty] these initiatives will focus on certifying varied groups, such as new graduates, women, and people with specials needs, for ideal work through specialised training programs, consisting of development, academic efforts, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young people are presently jobless, and nearly 20 percent of individuals aged 15 to 54 are either used or taken part in education, institutions, or training programmes. Read also: Boost for entrepreneurs as IBPLC produces jobs with Hero apprenticeship initiative

These statistics have actually also revealed that almost 40 percent of companies report difficulties in filling jobs due to a mismatch in between workforce skills and labour market needs, with youth unemployment surpassing 30 percent in some regions internationally. Related News
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Highlighting the significance of these agreements, Alrajhi stated “These figures highlight the immediate need to develop thorough strategies to deal with these typical difficulties successfully.” “Transforming them into opportunities, ultimately we can all interact to ensure the prosperity of our economies, communities, and workforces.” The minister also kept in mind that the arrangements concentrate on improving operational efficiency, fostering innovation, and driving value creation in positioning with Saudi Vision 2030. Key entities associated with these agreements consist of the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, Bella Vista Institute of Higher Education, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several noteworthy cooperations emerged. INSEAD will provide scholastic services, while collaborations with Space Faculty and ProFun will check out development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programmes concentrated on leadership development and capability structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish labor force credentials and training initiatives. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A significant advancement is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities among students and the workforce, to name a few. Share
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