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

The Global Labor Market Conference (GLMC), has witnessed the finalizing of 31 arrangements and Memoranda of Understanding (MOU) in between various entities, intending to provide thousands of training chances and jobs for the international labor force. This arrangement was signed at the second edition of the GLMC 2025, introduced in Riyadh, Saudi Arabia, by His 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 concentrate on certifying diverse groups, such as new graduates, women, and people with disabilities, for ideal employment through specialised training programs, including development, educational initiatives, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million youths are currently jobless, and nearly 20 percent of individuals aged 15 to 54 are either used or participated in education, institutions, employment or employment training programs. Read also: Boost for business owners as IBPLC creates tasks with Hero apprenticeship initiative

These statistics have likewise shown that nearly 40 percent of companies report problems in filling jobs due to an inequality between labor force abilities and labour market demands, with youth unemployment going beyond 30 percent in some areas globally. Related News
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Highlighting the significance of these contracts, Alrajhi said “These figures highlight the urgent requirement to establish thorough techniques to attend to these typical challenges effectively.” “Transforming them into chances, ultimately we can all interact to ensure the success of our economies, communities, and labor forces.” The minister likewise kept in mind that the contracts concentrate on boosting functional effectiveness, fostering development, and driving worth creation in alignment with Saudi Vision 2030. Key entities involved in 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 cooperations emerged. INSEAD will provide academic services, while partnerships with Space Faculty and ProFun will check out innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programs concentrated on leadership development and capacity building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop workforce credentials and training initiatives. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship development. A considerable development is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills among trainees and the labor employment force, amongst others. Share
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