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

The Global Labor Market Conference (GLMC), has experienced the signing of 31 arrangements and Memoranda of Understanding (MOU) in between different entities, aiming to offer countless training chances and tasks for the global labor force. 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 qualifying varied groups, such as brand-new graduates, women, and people with specials needs, for appropriate work through specialised training programmes, consisting of development, instructional efforts, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million youths are presently out of work, job and almost 20 percent of people aged 15 to 54 are either used or participated in education, organizations, or training programmes. Read also: Boost for entrepreneurs as IBPLC produces tasks with Hero apprenticeship effort

These statistics have also shown that nearly 40 percent of companies report difficulties in filling jobs due to a mismatch between workforce skills and labour market needs, with youth unemployment going beyond 30 percent in some regions globally. Related News
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Highlighting the significance of these arrangements, Alrajhi said “These figures highlight the immediate requirement to establish extensive strategies to address these typical challenges efficiently.” “Transforming them into opportunities, eventually we can all collaborate to ensure the success of our economies, communities, and workforces.” The minister also kept in mind that the arrangements concentrate on improving operational performance, fostering development, and driving worth development in alignment with Saudi Vision 2030. Key entities included in these agreements consist of 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 noteworthy partnerships emerged. INSEAD will supply academic services, while partnerships with Space Faculty and ProFun will check out development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programmes concentrated on leadership advancement and capability building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop labor force credentials and job training initiatives. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A substantial advancement is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills among students and the labor force, to name a few. Share
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