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

The Global Labor Market Conference (GLMC), has actually witnessed the finalizing of 31 contracts and Memoranda of Understanding (MOU) between various entities, aiming to offer countless training opportunities and employment tasks for the worldwide labor force. This arrangement 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, along with 40 labour ministers. According to the ministers, these efforts will focus on certifying diverse groups, such as new graduates, women, and individuals with impairments, for appropriate employment through specialised training programs, consisting of development, instructional efforts, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for employment Economic Cooperation and (OECD), approximately 67 million youths are presently jobless, and almost 20 percent of people aged 15 to 54 are either used or taken part in education, institutions, or training programs. Read also: Boost for employment business owners as IBPLC develops jobs with Hero apprenticeship initiative

These stats have likewise revealed that almost 40 percent of companies report troubles in filling vacancies due to an inequality between labor force skills and labour market needs, employment with youth unemployment exceeding 30 percent in some areas worldwide. Related News
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Highlighting the significance of these contracts, Alrajhi said “These figures highlight the urgent requirement to develop thorough strategies to resolve these common difficulties successfully.” “Transforming them into opportunities, eventually we can all work together to make sure the prosperity of our economies, neighborhoods, and labor forces.” The minister also kept in mind that the contracts concentrate on enhancing operational effectiveness, promoting innovation, and driving value development in alignment with Saudi Vision 2030. Key entities associated with these arrangements include the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, employment 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 a number of noteworthy partnerships emerged. INSEAD will supply scholastic services, while partnerships with Space Faculty and employment ProFun will explore innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programmes focused on leadership development and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and employment Arabian Airports to establish workforce qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A significant development is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities among students and the workforce, to name a few. Share
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