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

The Global Labor Market Conference (GLMC), employment has witnessed the finalizing of 31 agreements and Memoranda of Understanding (MOU) in between numerous entities, intending to offer thousands of training chances and jobs for the worldwide 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 concentrate on certifying varied groups, such as new graduates, women, and individuals with specials needs, for suitable employment through specialised training programs, consisting of advancement, educational efforts, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for employment Economic Cooperation and Development (OECD), approximately 67 million youths are currently unemployed, and almost 20 percent of individuals aged 15 to 54 are either used or engaged in education, institutions, or training programmes. Read also: Boost for entrepreneurs as IBPLC produces jobs with Hero apprenticeship effort

These data have also revealed that nearly 40 percent of companies report difficulties in filling jobs due to a mismatch between workforce skills and labour market needs, employment with youth joblessness surpassing 30 percent in some areas globally. Related News
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Highlighting the significance of these arrangements, Alrajhi stated “These figures highlight the urgent need to establish extensive methods to resolve these typical difficulties effectively.” “Transforming them into chances, ultimately we can all interact to make sure the success of our economies, communities, and labor forces.” The minister also kept in mind that the contracts concentrate on improving functional efficiency, cultivating development, and driving value production in positioning with Saudi Vision 2030. Key entities associated with these agreements 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, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see numerous noteworthy collaborations emerged. INSEAD will provide academic services, while partnerships with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programs focused on management advancement and capability building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish workforce qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A considerable advancement is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills amongst trainees and the workforce, among others. Share
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