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

The Global Labor Market Conference (GLMC), has witnessed the signing of 31 contracts and Memoranda of Understanding (MOU) in between various entities, intending to supply countless training opportunities and tasks for employment the international labor force. 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, in addition to 40 labour ministers. According to the ministers, these efforts will concentrate on qualifying diverse groups, such as new graduates, females, and people with specials needs, for suitable employment through specialised training programmes, consisting of development, academic initiatives, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young individuals are currently out of work, and almost 20 percent of individuals aged 15 to 54 are either utilized or engaged in education, employment organizations, or training programs. Read also: Boost for business owners as IBPLC develops jobs with Hero effort

These data have likewise revealed that almost 40 percent of employers report problems in filling jobs due to an inequality in between workforce skills 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 contracts, Alrajhi said “These figures highlight the urgent need to develop comprehensive strategies to resolve these common difficulties efficiently.” “Transforming them into chances, eventually we can all collaborate to ensure the prosperity of our economies, communities, and workforces.” The minister also noted that the arrangements concentrate on improving operational performance, cultivating development, and driving value development in positioning with Saudi Vision 2030. Key entities included in these arrangements consist of the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), employment 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 noteworthy collaborations emerged. INSEAD will offer scholastic services, while collaborations with Space Faculty and ProFun will check out development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programs focused on management development and capability building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish labor force qualifications and employment training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A substantial development is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities amongst trainees and the labor force, to name a few. Share
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