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

The Global Labor Market Conference (GLMC), has seen the signing of 31 arrangements and Memoranda of Understanding (MOU) in between numerous entities, intending to supply thousands of training opportunities and tasks for the international labor force. This agreement was signed at the second edition of the GLMC 2025, launched in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, along with 40 labour ministers. According to the ministers, these initiatives will focus on qualifying varied groups, such as brand-new graduates, women, and individuals with disabilities, for ideal work through specialised training programmes, including advancement, educational efforts, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are currently unemployed, and nearly 20 percent of individuals aged 15 to 54 are either utilized or engaged in education, organizations, or training programs. Read also: Boost for entrepreneurs as IBPLC develops jobs with Hero apprenticeship effort

These data have actually also shown that almost 40 percent of employers report troubles in filling vacancies due to an inequality between labor force abilities and labour market demands, with youth unemployment surpassing 30 percent in some regions internationally. Related News
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Highlighting the significance of these contracts, Alrajhi stated “These figures highlight the urgent need to establish detailed techniques to deal with these typical challenges successfully.” “Transforming them into opportunities, ultimately we can all interact to guarantee the success of our economies, neighborhoods, and workforces.” The minister also kept in mind that the agreements focus on boosting functional efficiency, promoting innovation, and driving value production in alignment with Saudi Vision 2030. Key entities associated with these contracts include the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, Bella Vista Institute of College, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several notable partnerships emerged. INSEAD will offer scholastic services, while collaborations with Space Faculty and ProFun will check out innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programs focused on management advancement and capability structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop workforce credentials and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship development. A significant advancement is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills among students and the workforce, to name a few. Share
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