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) in between different entities, aiming to supply countless training opportunities and jobs for the international labor force. This agreement 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, in addition to 40 labour ministers. According to the ministers, these efforts will focus on certifying varied groups, such as new graduates, women, and people with specials needs, for suitable work through specialised training programs, consisting of development, instructional initiatives, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young people are currently jobless, employment and employment almost 20 percent of people aged 15 to 54 are either employed or participated in education, organizations, or training programmes. Read likewise: Boost for business owners as IBPLC develops jobs with Hero apprenticeship effort

These statistics have likewise shown that almost 40 percent of employers report difficulties in filling jobs due to a mismatch between labor force skills and labour market needs, with youth unemployment going beyond 30 percent in some areas worldwide. Related News
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Highlighting the significance of these contracts, Alrajhi said “These figures highlight the urgent need to develop detailed methods to attend to these typical challenges efficiently.” “Transforming them into chances, eventually we can all work together to ensure the success of our economies, neighborhoods, and workforces.” The minister likewise noted that the agreements focus on boosting functional effectiveness, fostering innovation, and employment driving value production in positioning with Saudi Vision 2030. Key entities involved in these agreements 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 noteworthy cooperations emerged. INSEAD will offer academic services, while collaborations with Space Faculty and ProFun will check out innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programmes focused on management advancement and capability building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish labor force qualifications and employment training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A substantial development is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities among trainees and the labor force, amongst others. Share
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