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) between different entities, aiming to provide countless training opportunities and jobs for the worldwide workforce. 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, together with 40 labour ministers. According to the ministers, these efforts will focus on certifying diverse groups, such as brand-new graduates, women, and people with impairments, for suitable employment through specialised training programs, including advancement, instructional efforts, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are currently jobless, and nearly 20 percent of individuals aged 15 to 54 are either used or participated in education, organizations, or training programmes. Read also: Boost for business owners as IBPLC produces tasks with Hero apprenticeship initiative

These statistics have actually also revealed that almost 40 percent of employers report problems in filling jobs due to a mismatch in between labor force abilities and labour market demands, with youth joblessness exceeding 30 percent in some regions globally. Related News
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Highlighting the significance of these arrangements, job Alrajhi stated “These figures highlight the immediate requirement to establish extensive techniques to address these common difficulties efficiently.” “Transforming them into chances, ultimately we can all work together to ensure the success of our economies, communities, and workforces.” The minister also noted that the arrangements focus on enhancing functional efficiency, cultivating innovation, and job driving value development in positioning with Saudi Vision 2030. Key entities involved in these agreements include the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, Bella Vista Institute of College, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several noteworthy partnerships emerged. INSEAD will supply scholastic services, while collaborations with Space Faculty and ProFun will check out development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programmes focused on leadership development and capability structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop labor force qualifications and training initiatives. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A considerable development is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills among trainees and job the labor force, among others. Share
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