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

The Global Labor Market Conference (GLMC), has actually experienced the finalizing of 31 agreements and Memoranda of Understanding (MOU) between different entities, intending to offer thousands of training chances and jobs for the global workforce. 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, along with 40 labour ministers. According to the ministers, these efforts will concentrate on qualifying diverse groups, such as new graduates, females, and people with impairments, for ideal work through specialised training programmes, including development, instructional efforts, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and (OECD), around 67 million youths are presently jobless, and nearly 20 percent of individuals aged 15 to 54 are either utilized or taken part in education, organizations, or training programs. Read also: Boost for entrepreneurs as IBPLC develops tasks with Hero apprenticeship effort

These statistics have also revealed that almost 40 percent of employers report difficulties in filling jobs due to a mismatch between workforce skills and labour market needs, with youth unemployment surpassing 30 percent in some regions worldwide. Related News
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Highlighting the significance of these arrangements, Alrajhi said “These figures highlight the immediate requirement to develop thorough strategies to attend to these common obstacles effectively.” “Transforming them into opportunities, eventually we can all collaborate to ensure the success of our economies, neighborhoods, and labor forces.” The minister also kept in mind that the agreements concentrate on boosting operational efficiency, promoting innovation, and driving value creation in positioning with Saudi Vision 2030. Key entities included in these agreements include the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, referall.us 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 cooperations emerged. INSEAD will supply academic services, while collaborations with Space Faculty and ProFun will explore development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programmes focused on management development and capacity building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop labor force credentials and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A considerable advancement is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills amongst trainees and the labor force, to name a few. Share
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