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

The Global Labor Market Conference (GLMC), has actually experienced the signing of 31 contracts and Memoranda of Understanding (MOU) between various entities, intending to supply thousands of training chances and jobs for the worldwide workforce. This agreement was signed at the second edition of the GLMC 2025, introduced 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 concentrate on certifying varied groups, such as new graduates, women, and individuals with specials needs, for ideal work through specialised training programs, including advancement, academic initiatives, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young people are currently out of work, and almost 20 percent of individuals aged 15 to 54 are either employed or engaged in education, organizations, or training programmes. Read also: Boost for business owners as IBPLC creates jobs with Hero apprenticeship initiative

These data have also shown that nearly 40 percent of employers report difficulties in filling jobs due to a mismatch between labor force abilities and labour market needs, with youth joblessness going beyond 30 percent in some areas globally. Related News
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Highlighting the significance of these agreements, Alrajhi stated “These figures highlight the urgent requirement to establish comprehensive techniques to resolve these typical challenges effectively.” “Transforming them into opportunities, eventually we can all work together to make sure the success of our economies, communities, and workforces.” The minister also kept in mind that the agreements concentrate on enhancing functional performance, fostering innovation, referall.us and driving value development 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 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 supply academic services, while collaborations with Space Faculty and ProFun will check out innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programmes concentrated on leadership development and capacity building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish labor force credentials and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A considerable advancement is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities among trainees and the labor force, to name a few. Share
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