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

The Global Labor Market Conference (GLMC), has experienced the signing of 31 arrangements and Memoranda of Understanding (MOU) between numerous entities, intending to provide countless training opportunities and jobs for the worldwide labor force. This contract was signed at the second edition of the GLMC 2025, launched 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 initiatives will concentrate on certifying diverse groups, such as new graduates, employment females, employment and individuals with specials needs, for ideal employment through specialised training programmes, consisting of development, academic initiatives, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young people are presently out of work, and nearly 20 percent of individuals aged 15 to 54 are either used or engaged in education, institutions, or training programs. Read also: Boost for business owners as IBPLC produces tasks with Hero apprenticeship initiative

These data have actually also shown that nearly 40 percent of companies report difficulties in filling jobs due to an inequality between workforce skills and labour market demands, with youth unemployment exceeding 30 percent in some regions internationally. Related News
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Highlighting the significance of these contracts, Alrajhi stated “These figures highlight the immediate requirement to develop comprehensive techniques to attend to these typical difficulties effectively.” “Transforming them into opportunities, ultimately we can all collaborate to ensure the success of our economies, neighborhoods, and labor forces.” The minister likewise noted that the arrangements focus on enhancing functional effectiveness, cultivating innovation, and driving worth production in positioning with Saudi Vision 2030. Key entities involved in these agreements include the Ministry of Human Resources and employment 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 numerous notable partnerships emerged. INSEAD will provide scholastic services, while collaborations with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programmes focused on management development and employment capability building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish labor force certifications and employment training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A substantial advancement is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities among trainees and the workforce, among others. Share
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