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

The Global Labor Market Conference (GLMC), has seen the finalizing of 31 arrangements and Memoranda of Understanding (MOU) between various entities, aiming to offer countless training opportunities and jobs 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, in addition to 40 labour ministers. According to the ministers, these efforts will concentrate on qualifying diverse groups, such as new graduates, women, and people with specials needs, for suitable employment through specialised training programs, including development, educational efforts, leadership preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million young people are presently out of work, and almost 20 percent of individuals aged 15 to 54 are either utilized or participated in education, organizations, or training programmes. Read also: Boost for business owners as IBPLC produces tasks with Hero apprenticeship effort

These stats have also revealed that nearly 40 percent of employers report problems in filling jobs due to a mismatch between labor force abilities and labour market needs, with youth unemployment exceeding 30 percent in some areas internationally. Related News
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Highlighting the significance of these contracts, Alrajhi stated “These figures highlight the immediate need to establish comprehensive methods to attend to these typical difficulties effectively.” “Transforming them into chances, ultimately we can all collaborate to guarantee the success of our economies, communities, and workforces.” The minister likewise noted that the contracts focus on improving functional efficiency, cultivating innovation, and driving value production in positioning with Saudi Vision 2030. Key entities included in these agreements include the Ministry of Human Resources and Social Development (HRSD), referall.us 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 partnerships emerged. INSEAD will services, while collaborations with Space Faculty and ProFun will check out development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programmes focused on management development and capability structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish workforce qualifications and training initiatives. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship development. A substantial advancement is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills among students and the labor force, to name a few. Share
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