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

The Global Labor Market Conference (GLMC), has actually witnessed the finalizing of 31 agreements and Memoranda of Understanding (MOU) between different entities, intending to offer countless training opportunities and jobs for the global workforce. This contract was signed at the 2nd 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, along with 40 labour ministers. According to the ministers, these efforts will concentrate on certifying varied groups, such as new graduates, women, and individuals with impairments, for suitable work through specialised training programs, consisting of advancement, educational initiatives, leadership preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are currently unemployed, and almost 20 percent of individuals aged 15 to 54 are either employed or taken part in education, institutions, or training programmes. Read also: Boost for entrepreneurs as IBPLC develops jobs with Hero apprenticeship initiative

These statistics have likewise shown that nearly 40 percent of companies report difficulties in filling jobs due to an inequality between labor force abilities and labour market demands, with youth unemployment going beyond 30 percent in some regions globally. Related News
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Highlighting the significance of these contracts, Alrajhi stated “These figures highlight the urgent requirement to develop extensive methods to address these typical obstacles efficiently.” “Transforming them into opportunities, eventually we can all interact to make sure the prosperity of our economies, neighborhoods, and labor forces.” The minister also kept in mind that the agreements concentrate on enhancing operational effectiveness, 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), 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 a number of notable collaborations emerged. INSEAD will offer scholastic services, while collaborations with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programmes focused on leadership advancement and capability building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop labor force certifications and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship development. A substantial development is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills amongst trainees and the labor force, to name a few. Share
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