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

The Global Labor Market Conference (GLMC), has experienced the finalizing of 31 contracts and Memoranda of Understanding (MOU) in between various entities, intending to offer countless training opportunities and tasks for the worldwide labor employment 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 varied groups, such as new graduates, females, and individuals with impairments, for employment appropriate work through specialised training programmes, including development, academic initiatives, management preparation, and employment knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million youths are presently unemployed, and nearly 20 percent of people aged 15 to 54 are either used or engaged in education, institutions, or training programs. Read likewise: Boost for entrepreneurs as IBPLC creates tasks with Hero apprenticeship effort

These data have likewise shown that nearly 40 percent of companies report difficulties in filling vacancies due to a mismatch between labor force abilities and labour market demands, with youth unemployment exceeding 30 percent in some areas worldwide. Related News
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Highlighting the significance of these agreements, Alrajhi stated “These figures highlight the immediate requirement to establish thorough strategies to deal with these common obstacles successfully.” “Transforming them into opportunities, ultimately we can all collaborate to ensure the prosperity of our economies, neighborhoods, and labor forces.” The minister likewise noted that the arrangements focus on boosting operational performance, cultivating innovation, and driving value production in positioning with Saudi Vision 2030. Key entities associated with these agreements 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 notable collaborations emerged. INSEAD will supply scholastic services, employment while collaborations with Space Faculty and ProFun will explore development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programmes focused on leadership development and capacity 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 promote entrepreneurship development. A considerable advancement is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities among trainees and the labor force, among others. Share
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