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

The Global Labor Market Conference (GLMC), has actually seen the signing of 31 contracts and Memoranda of Understanding (MOU) between different entities, job intending to supply thousands of training opportunities and jobs for the international labor force. This contract was signed at the second 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, in addition to 40 labour ministers. According to the ministers, these initiatives will focus on qualifying diverse groups, such as new graduates, females, and individuals with disabilities, for ideal employment through specialised training programmes, consisting of advancement, instructional efforts, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young people are presently jobless, and nearly 20 percent of people aged 15 to 54 are either used or engaged in education, institutions, or 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 workforce abilities and labour market demands, with youth joblessness going beyond 30 percent in some regions internationally. Related News
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Highlighting the significance of these agreements, Alrajhi stated “These figures highlight the immediate need to establish extensive techniques to address these common obstacles successfully.” “Transforming them into opportunities, eventually we can all work together to guarantee the prosperity of our economies, communities, and workforces.” The minister also kept in mind that the agreements focus on boosting functional efficiency, promoting innovation, and driving value development in alignment with Saudi Vision 2030. Key entities associated with 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 College, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see numerous noteworthy cooperations emerged. INSEAD will offer scholastic services, while collaborations 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 inked MoUs with Marriott Hotels and Arabian Airports to develop workforce credentials and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A substantial advancement is the facility of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills among trainees and the workforce, amongst others. Share
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