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

The Global Labor Market Conference (GLMC), has seen the finalizing of 31 arrangements and Memoranda of Understanding (MOU) in between various entities, aiming to offer thousands of training opportunities and jobs for the global workforce. This arrangement 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 and Social Development, in addition to 40 labour ministers. According to the ministers, these efforts will focus on certifying diverse groups, such as new graduates, ladies, and individuals with impairments, for appropriate employment through specialised training programs, consisting of development, academic initiatives, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are currently out of work, and nearly 20 percent of individuals aged 15 to 54 are either employed or taken part in education, institutions, or training programmes. Read also: Boost for business owners as IBPLC produces tasks with Hero apprenticeship effort

These stats have actually also shown that almost 40 percent of employers report problems in filling jobs due to a mismatch in between workforce abilities and labour market demands, with youth joblessness going beyond 30 percent in some areas globally. Related News
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Highlighting the significance of these contracts, Alrajhi stated “These figures highlight the urgent need to develop comprehensive strategies to deal with these common obstacles successfully.” “Transforming them into opportunities, eventually we can all interact to ensure the success of our economies, neighborhoods, and workforces.” The minister also noted that the agreements focus on boosting functional efficiency, promoting development, and driving worth production in alignment with Saudi Vision 2030. Key entities included in these contracts 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 numerous notable cooperations 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 programmes concentrated on management development and capability building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop labor force certifications and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A considerable advancement is the facility of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities amongst trainees and the labor force, amongst others. Share
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