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, aiming to supply thousands of training opportunities and tasks for the worldwide workforce. This contract was signed at the 2nd 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, along with 40 labour ministers. According to the ministers, these efforts will focus on qualifying diverse groups, such as new graduates, women, and individuals with impairments, for ideal work through specialised training programmes, including advancement, academic initiatives, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are currently jobless, and almost 20 percent of people aged 15 to 54 are either used or engaged in education, organizations, or training programs. Read also: Boost for entrepreneurs as IBPLC produces tasks with Hero apprenticeship effort

These data have actually likewise revealed that nearly 40 percent of companies report troubles in filling jobs due to an inequality between workforce abilities and labour market needs, with youth unemployment exceeding 30 percent in some regions internationally. Related News
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Highlighting the significance of these contracts, Alrajhi said “These figures highlight the immediate need to establish detailed methods to address these typical obstacles efficiently.” “Transforming them into opportunities, ultimately we can all collaborate to ensure the prosperity of our economies, neighborhoods, and labor forces.” The minister also noted that the contracts concentrate on improving operational effectiveness, fostering development, and driving worth creation in alignment with Saudi Vision 2030. Key entities involved in these agreements consist of the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, Institute of Higher Education, the Saudi Logistics Academy, the Ministry of Tourism, and job Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see numerous noteworthy cooperations emerged. INSEAD will supply academic services, while collaborations with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programs focused on leadership advancement and capability building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop labor force certifications and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A substantial development is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities among trainees and the labor force, to name a few. Share
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