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

The Global Labor Market Conference (GLMC), has seen the signing of 31 agreements and Memoranda of Understanding (MOU) in between various entities, intending to offer thousands of training opportunities and tasks for the international labor force. This contract was signed at the 2nd edition of the GLMC 2025, released in Riyadh, Saudi Arabia, by His 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 qualifying diverse groups, such as new graduates, job females, and individuals with specials needs, for appropriate work through specialised training programmes, consisting of advancement, academic efforts, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million youths are presently unemployed, and almost 20 percent of people aged 15 to 54 are either employed or engaged in education, organizations, or training programs. Read likewise: Boost for entrepreneurs as IBPLC develops jobs with Hero apprenticeship initiative

These statistics have likewise shown that almost 40 percent of companies report problems in filling vacancies due to a mismatch in between workforce skills and labour market needs, with youth unemployment exceeding 30 percent in some areas worldwide. Related News
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Highlighting the significance of these contracts, Alrajhi stated “These figures highlight the urgent need to develop detailed techniques to attend to these common obstacles efficiently.” “Transforming them into opportunities, ultimately we can all interact to make sure the prosperity of our economies, neighborhoods, and workforces.” The minister likewise noted that the arrangements concentrate on improving operational efficiency, cultivating innovation, and driving value production in positioning with Saudi Vision 2030. Key entities associated with these arrangements 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 several notable cooperations emerged. INSEAD will provide 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 customized training programmes focused on management development and capacity building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop labor force credentials and job training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A significant development is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills among trainees and the workforce, to name a few. Share
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