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 countless training opportunities and jobs for the worldwide workforce. This contract 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, together with 40 labour ministers. According to the ministers, these initiatives will concentrate on qualifying diverse groups, such as new graduates, females, and people with specials needs, for employment suitable employment through specialised training programmes, consisting of development, instructional initiatives, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are currently out of work, and nearly 20 percent of individuals aged 15 to 54 are either employed or participated in education, institutions, or training programmes. Read also: Boost for entrepreneurs as IBPLC develops jobs with Hero apprenticeship initiative

These statistics have likewise revealed that almost 40 percent of employers report troubles in filling vacancies due to a mismatch between workforce abilities and labour market needs, with youth joblessness going beyond 30 percent in some areas internationally. Related News
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Highlighting the significance of these arrangements, Alrajhi said “These figures highlight the urgent requirement to develop detailed methods to address these common obstacles successfully.” “Transforming them into chances, ultimately we can all collaborate to ensure the success of our economies, communities, and workforces.” The minister also kept in mind that the contracts concentrate on enhancing functional effectiveness, cultivating development, and driving worth production in positioning with Saudi Vision 2030. Key entities included in these arrangements consist of the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, employment 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 cooperations emerged. INSEAD will supply academic services, while partnerships with Space Faculty and employment ProFun will explore innovation and knowledge sharing. Bella and the Saudi Logistics Academy will provide tailored training programs focused on management advancement and capability structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop labor force certifications and training initiatives. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A considerable advancement is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities amongst students and the workforce, among others. Share
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