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

The Global Labor Market Conference (GLMC), has experienced the finalizing of 31 arrangements and Memoranda of Understanding (MOU) in between numerous entities, intending to offer countless training chances and tasks for the global workforce. This agreement 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 qualifying diverse groups, such as new graduates, ladies, and individuals with specials needs, for ideal employment through specialised training programs, consisting of development, instructional efforts, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are currently unemployed, and nearly 20 percent of individuals aged 15 to 54 are either employed or engaged in education, organizations, employment or training programs. Read also: Boost for business owners as IBPLC develops jobs with Hero apprenticeship effort

These statistics have also shown that almost 40 percent of companies report problems in filling vacancies due to a mismatch between workforce skills and labour market demands, with youth unemployment going beyond 30 percent in some areas internationally. Related News
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Highlighting the significance of these arrangements, Alrajhi stated “These figures highlight the urgent requirement to develop thorough strategies to address these typical difficulties effectively.” “Transforming them into chances, ultimately we can all interact to guarantee the success of our economies, neighborhoods, and labor forces.” The minister likewise kept in mind that the contracts focus on boosting functional performance, fostering innovation, and driving worth in positioning with Saudi Vision 2030. Key entities included in these agreements 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, employment the Saudi Logistics Academy, the Ministry of Tourism, employment and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see numerous notable collaborations emerged. INSEAD will offer scholastic services, while partnerships with Space Faculty and ProFun will explore innovation and employment knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programs concentrated on management advancement and capability structure. The Ministry of Tourism tattooed 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 substantial development is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills among trainees and the labor force, amongst others. Share
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