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

The Global Labor Market Conference (GLMC), has experienced the signing of 31 agreements and Memoranda of Understanding (MOU) between different entities, intending to provide countless training opportunities and jobs for the worldwide labor force. This contract was signed at the second 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, together with 40 labour ministers. According to the ministers, these initiatives will focus on qualifying varied groups, such as new graduates, females, and with impairments, for suitable work through specialised training programs, including development, instructional initiatives, leadership 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 individuals aged 15 to 54 are either used or taken part in education, organizations, or training programmes. Read also: Boost for business owners as IBPLC produces jobs with Hero apprenticeship initiative

These data have actually also revealed that nearly 40 percent of companies report problems in filling vacancies due to a mismatch between workforce abilities and labour market needs, with youth unemployment exceeding 30 percent in some areas worldwide. Related News
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Highlighting the significance of these agreements, Alrajhi said “These figures highlight the urgent requirement to develop comprehensive strategies to resolve these common obstacles successfully.” “Transforming them into chances, ultimately we can all work together to make sure the success of our economies, communities, and labor forces.” The minister also kept in mind that the contracts concentrate on improving operational performance, promoting development, and driving value development in positioning with Saudi Vision 2030. Key entities associated with these arrangements consist of the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), referall.us 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 a number of noteworthy collaborations emerged. INSEAD will provide scholastic services, while partnerships with Space Faculty and ProFun will explore development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programmes concentrated on leadership advancement and capability building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish labor force credentials and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship development. A substantial development is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills amongst students and the workforce, to name a few. Share
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