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

The Global Labor Market Conference (GLMC), has experienced the signing of 31 agreements and Memoranda of Understanding (MOU) in between different entities, aiming to offer countless training opportunities and tasks for the global labor force. This agreement was signed at the 2nd 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 efforts will concentrate on certifying diverse groups, such as new graduates, females, and people with disabilities, for appropriate employment through specialised training programmes, including advancement, academic efforts, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young people are presently jobless, and almost 20 percent of people aged 15 to 54 are either employed or engaged in education, organizations, or training programs. Read likewise: Boost for business owners as IBPLC develops jobs with Hero apprenticeship effort

These stats have likewise shown that nearly 40 percent of companies report troubles in filling vacancies due to a mismatch in between workforce abilities and labour market demands, with youth joblessness surpassing 30 percent in some regions internationally. Related News
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Highlighting the significance of these arrangements, Alrajhi stated “These figures highlight the immediate requirement to establish detailed strategies to deal with these common obstacles efficiently.” “Transforming them into opportunities, eventually we can all work together to make sure the prosperity of our economies, communities, and labor forces.” The minister also noted that the arrangements concentrate on improving functional effectiveness, promoting innovation, and driving worth development in positioning with Saudi Vision 2030. Key entities involved in 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 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 scholastic services, while collaborations with Space Faculty and ProFun will check out development and understanding sharing. Bella Vista Institute and the Saudi Logistics will deliver customized training programmes focused on management advancement and capacity structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish workforce credentials and training initiatives. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A significant advancement is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills among trainees and the labor force, to name a few. Share
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