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 employment Memoranda of Understanding (MOU) in between numerous entities, aiming to offer countless training chances and jobs for the global 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, along with 40 labour ministers. According to the ministers, these initiatives will concentrate on qualifying varied groups, such as brand-new graduates, ladies, and individuals with disabilities, for suitable employment through specialised training programs, including development, academic efforts, management preparation, employment and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young people are presently unemployed, and almost 20 percent of individuals aged 15 to 54 are either used or employment participated in education, organizations, or training programs. Read also: Boost for entrepreneurs as IBPLC creates jobs with Hero apprenticeship initiative

These data have also revealed that nearly 40 percent of employers report difficulties in filling vacancies due to an inequality between workforce abilities and labour market demands, with youth joblessness exceeding 30 percent in some areas internationally. Related News
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Highlighting the significance of these agreements, Alrajhi said “These figures highlight the urgent need to develop extensive strategies to attend to these typical difficulties efficiently.” “Transforming them into opportunities, eventually we can all collaborate to guarantee the prosperity of our economies, neighborhoods, and workforces.” The minister likewise kept in mind that the arrangements concentrate on enhancing functional performance, promoting development, and driving worth creation in alignment with Saudi Vision 2030. Key entities associated with these arrangements consist of 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, employment and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see a number of noteworthy cooperations emerged. INSEAD will offer scholastic services, while partnerships with Space Faculty and ProFun will check out innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programmes concentrated on leadership advancement and capability structure. 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 significant development is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills among students and the labor employment force, amongst others. Share
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