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

The Global Labor Market Conference (GLMC), has seen the signing of 31 contracts and Memoranda of Understanding (MOU) between different entities, aiming to offer thousands of training chances and jobs for the global labor force. 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, along with 40 labour ministers. According to the ministers, these initiatives will focus on certifying diverse groups, such as brand-new graduates, females, and individuals with disabilities, for ideal employment through specialised training programs, including development, academic initiatives, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are presently out of work, and nearly 20 percent of individuals aged 15 to 54 are either utilized or taken part in education, institutions, or training programs. Read also: Boost for entrepreneurs as IBPLC creates jobs with Hero apprenticeship effort

These stats have also shown that nearly 40 percent of employers report problems in filling vacancies due to an inequality between labor force abilities and labour market demands, with youth joblessness surpassing 30 percent in some areas globally. 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 typical obstacles effectively.” “Transforming them into chances, eventually we can all interact to guarantee the success of our economies, neighborhoods, and workforces.” The minister likewise noted that the agreements concentrate on enhancing operational efficiency, cultivating innovation, and driving value development in alignment 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, UiPath, Bella Vista Institute of Higher Education, the Saudi Logistics Academy, the Ministry of Tourism, and referall.us Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see numerous notable cooperations emerged. INSEAD will supply scholastic services, while collaborations with Space Faculty and ProFun will check out development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programmes focused on management advancement and capacity structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish labor force credentials and training initiatives. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A considerable development is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills amongst students and the labor force, among others. Share
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