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

The Global Labor Market Conference (GLMC), has actually witnessed the signing of 31 agreements and employment Memoranda of Understanding (MOU) between various entities, aiming to supply countless training chances and tasks for the worldwide labor force. This arrangement 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, employment along with 40 labour ministers. According to the ministers, these initiatives will concentrate on qualifying diverse groups, employment such as new graduates, employment ladies, and people with impairments, for ideal employment through specialised training programs, consisting of development, instructional initiatives, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young people are currently out of work, and almost 20 percent of individuals aged 15 to 54 are either used or participated in education, organizations, or training programmes. Read also: Boost for entrepreneurs as IBPLC develops jobs with Hero apprenticeship initiative

These statistics have actually also revealed that almost 40 percent of companies report difficulties in filling vacancies due to an inequality between labor force skills and labour market demands, with youth joblessness going beyond 30 percent in some areas globally. Related News
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Highlighting the of these contracts, Alrajhi said “These figures highlight the immediate requirement to develop comprehensive methods to resolve these typical challenges effectively.” “Transforming them into opportunities, ultimately we can all work together to guarantee the prosperity of our economies, communities, and labor forces.” The minister also noted that the contracts focus on boosting operational efficiency, fostering development, and driving value creation in positioning with Saudi Vision 2030. Key entities included in these contracts 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 explore development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programmes concentrated on management development and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop workforce qualifications and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A substantial development is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities amongst students and the workforce, amongst others. Share
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