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

The Global Labor Market Conference (GLMC), has witnessed the finalizing 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 contract was signed at the second 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, in addition to 40 labour ministers. According to the ministers, these efforts will focus on qualifying diverse groups, such as new graduates, women, and people with impairments, for appropriate work through specialised training programmes, consisting of development, educational efforts, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young individuals are presently unemployed, and employment almost 20 percent of people aged 15 to 54 are either used or participated in education, employment institutions, or employment training programmes. Read also: Boost for entrepreneurs as IBPLC develops tasks with Hero apprenticeship effort

These statistics have actually likewise shown that nearly 40 percent of employers report difficulties in filling vacancies due to a mismatch between labor force skills and labour market demands, with youth unemployment going beyond 30 percent in some areas worldwide. Related News
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Highlighting the significance of these agreements, Alrajhi said “These figures highlight the immediate need to establish detailed techniques to address these typical difficulties effectively.” “Transforming them into opportunities, eventually we can all interact to ensure the prosperity of our economies, neighborhoods, and workforces.” The minister also noted that the agreements focus on boosting operational effectiveness, promoting innovation, and driving value creation in positioning with Saudi Vision 2030. Key entities associated with these arrangements 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 numerous notable cooperations emerged. INSEAD will provide 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 programs focused on leadership development and employment capability structure. The Ministry of Tourism tattooed 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 development. A significant advancement is the establishment of the Kaspersky Knowledge Transfer Centre, employment designed to advance cybersecurity abilities among trainees and the labor force, to name a few. Share
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