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 various entities, aiming to offer thousands of training chances and jobs for the international labor force. This arrangement 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, in addition to 40 labour ministers. According to the ministers, these initiatives will focus on certifying varied groups, such as new graduates, females, and people with specials needs, for appropriate work through specialised training programs, including advancement, instructional efforts, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are presently out of work, and nearly 20 percent of people aged 15 to 54 are either employed or participated in education, institutions, or training programmes. Read also: Boost for entrepreneurs as IBPLC develops tasks with Hero apprenticeship effort

These statistics have actually also shown that nearly 40 percent of companies report troubles in filling vacancies due to a mismatch in between workforce abilities and labour market needs, with youth unemployment going beyond 30 percent in some areas globally. Related News
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Highlighting the significance of these arrangements, Alrajhi stated “These figures highlight the immediate need to develop extensive strategies to address these common challenges effectively.” “Transforming them into chances, eventually we can all collaborate to guarantee the success of our economies, neighborhoods, and labor forces.” The minister also noted that the agreements concentrate on boosting functional performance, promoting innovation, and driving value creation in alignment with Saudi Vision 2030. Key entities involved in these arrangements consist of 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 numerous noteworthy collaborations emerged. INSEAD will provide scholastic services, while collaborations with Space Faculty and ProFun will check out innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programmes focused on management development and capacity structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish workforce qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A significant development is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills among trainees and the workforce, to name a few. Share
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