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

The Global Labor Market Conference (GLMC), has experienced the finalizing of 31 contracts and Memoranda of Understanding (MOU) in between different entities, aiming to supply countless training chances and tasks for the international labor force. This arrangement was signed at the 2nd edition of the GLMC 2025, introduced 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 groups, such as new graduates, women, and people with specials needs, for suitable employment through specialised training programs, including advancement, instructional initiatives, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million youths are currently out of work, and almost 20 percent of individuals aged 15 to 54 are either employed or participated in education, organizations, or training programmes. Read also: Boost for business owners as IBPLC develops tasks with Hero apprenticeship effort

These data have likewise shown that nearly 40 percent of companies report troubles in filling vacancies due to an inequality between workforce skills and labour market demands, with youth joblessness exceeding 30 percent in some areas internationally. Related News
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Highlighting the significance of these agreements, Alrajhi stated “These figures highlight the immediate need to establish extensive strategies to resolve these typical difficulties efficiently.” “Transforming them into opportunities, eventually we can all interact to guarantee the prosperity of our economies, communities, and labor forces.” The minister also kept in mind that the contracts concentrate on enhancing operational efficiency, fostering development, and driving value development in positioning with Saudi Vision 2030. Key entities associated with these arrangements consist of the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, job 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 partnerships emerged. INSEAD will provide academic services, while partnerships with Space Faculty and ProFun will check out innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programmes focused on management development and capacity building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish workforce certifications and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A considerable advancement is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills amongst trainees and the workforce, to name a few. Share
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