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

The Global Labor Market Conference (GLMC), has seen the signing of 31 contracts and Memoranda of Understanding (MOU) in between different entities, aiming to provide 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, the Minister of Human Resources and Social Development, together with 40 labour ministers. According to the ministers, these initiatives will focus on qualifying varied groups, such as new graduates, ladies, and people with disabilities, for appropriate employment through specialised training programmes, consisting of advancement, efforts, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are currently unemployed, and employment almost 20 percent of people aged 15 to 54 are either used or participated in education, organizations, or training programs. Read also: Boost for business owners as IBPLC produces tasks with Hero apprenticeship initiative

These statistics have actually also revealed that almost 40 percent of companies report troubles in filling jobs due to a mismatch between workforce skills and labour market demands, with youth unemployment going beyond 30 percent in some areas worldwide. Related News
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Highlighting the significance of these agreements, Alrajhi said “These figures highlight the urgent need to establish comprehensive techniques to attend to these typical challenges effectively.” “Transforming them into chances, ultimately we can all collaborate to make sure the prosperity of our economies, neighborhoods, and labor forces.” The minister likewise noted that the contracts focus on boosting functional effectiveness, fostering development, and driving value creation in positioning with Saudi Vision 2030. Key entities included in these agreements include the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), employment 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 provide scholastic services, while collaborations with Space Faculty and ProFun will explore development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programs focused on leadership advancement and capacity structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and employment Arabian Airports to develop labor force certifications and training initiatives. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A considerable advancement is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills among trainees and the workforce, employment to name a few. Share
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