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

The Global Labor Market Conference (GLMC), has experienced the finalizing of 31 contracts and Memoranda of Understanding (MOU) between numerous entities, aiming to provide thousands of training chances and tasks for the global workforce. This contract 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 disabilities, for suitable work through specialised training programs, consisting of advancement, academic efforts, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young people are presently unemployed, and almost 20 percent of people aged 15 to 54 are either utilized or taken part in education, employment institutions, or training programmes. Read also: Boost for entrepreneurs as IBPLC produces tasks with Hero apprenticeship initiative

These stats have actually also revealed that nearly 40 percent of companies report problems in filling jobs due to a mismatch in between workforce abilities and labour market demands, with youth unemployment exceeding 30 percent in some areas internationally. Related News
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Highlighting the significance of these arrangements, Alrajhi said “These figures highlight the immediate need to establish thorough methods to attend to these typical difficulties efficiently.” “Transforming them into chances, ultimately we can all collaborate to make sure the prosperity of our economies, neighborhoods, and workforces.” The minister likewise noted that the contracts focus on improving functional efficiency, cultivating development, and driving worth development in alignment with Saudi Vision 2030. Key entities involved in these contracts include the Ministry of Human Resources and employment 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 several noteworthy collaborations emerged. INSEAD will provide academic 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 concentrated on management development and capacity building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish labor force credentials and training initiatives. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship development. A significant advancement is the facility of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities among students and the workforce, amongst others. Share
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