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

The Global Labor Market Conference (GLMC), has experienced the signing of 31 contracts and Memoranda of Understanding (MOU) between various entities, intending to provide thousands of training opportunities and tasks for the international labor force. This agreement was signed at the second 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, 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 individuals with disabilities, for suitable employment through specialised training programs, consisting of development, educational efforts, management preparation, and referall.us 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 people aged 15 to 54 are either used or engaged in education, institutions, or training programmes. Read likewise: Boost for entrepreneurs as IBPLC produces jobs with Hero apprenticeship effort

These stats have also revealed that nearly 40 percent of companies report difficulties in filling jobs due to an inequality between workforce skills 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 agreements, Alrajhi said “These figures highlight the urgent requirement to develop extensive strategies to attend to these common challenges successfully.” “Transforming them into opportunities, eventually we can all interact to make sure the success of our economies, communities, and labor forces.” The minister also kept in mind that the arrangements concentrate on boosting operational performance, cultivating innovation, and driving value production in alignment with Saudi Vision 2030. Key entities included in these contracts 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 several notable cooperations emerged. INSEAD will provide academic services, while partnerships with Space Faculty and ProFun will check out development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programmes concentrated on leadership advancement and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop labor force certifications and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A considerable advancement is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills amongst students and the workforce, amongst others. Share
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