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

The Global Labor Market Conference (GLMC), has witnessed the finalizing of 31 contracts and Memoranda of Understanding (MOU) between different entities, aiming to supply countless training opportunities and tasks for the worldwide labor force. This arrangement was signed at the second edition of the GLMC 2025, launched in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, employment the Minister of Human Resources and Social Development, along with 40 labour ministers. According to the ministers, these initiatives will concentrate on certifying diverse groups, such as brand-new graduates, women, and people with specials needs, for suitable employment through specialised training programs, consisting of development, academic efforts, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are presently jobless, and employment almost 20 percent of individuals aged 15 to 54 are either employed or participated in education, institutions, or training programs. Read likewise: Boost for entrepreneurs as IBPLC creates tasks with Hero apprenticeship initiative

These stats have likewise revealed that nearly 40 percent of employers report problems in filling vacancies due to a mismatch in between workforce skills and labour market needs, employment with youth unemployment going beyond 30 percent in some regions globally. Related News
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Highlighting the significance of these agreements, said “These figures highlight the urgent requirement to develop thorough techniques to resolve these typical challenges effectively.” “Transforming them into opportunities, ultimately we can all collaborate to ensure the prosperity of our economies, communities, and workforces.” The minister also kept in mind that the agreements concentrate on improving functional performance, fostering innovation, and driving value creation 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 Higher Education, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see numerous notable 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 tailored training programs concentrated on leadership development and capability structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop labor force qualifications and training initiatives. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A significant development is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills among students and employment the labor force, to name a few. Share
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