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

The Global Labor Market Conference (GLMC), employment has seen the signing of 31 agreements and Memoranda of Understanding (MOU) in between numerous entities, intending to provide thousands of training opportunities and jobs for the international labor force. This arrangement 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, in addition to 40 labour ministers. According to the ministers, these efforts will concentrate on qualifying diverse groups, such as new graduates, employment ladies, and individuals with impairments, for ideal employment through specialised training programmes, including development, educational efforts, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), employment roughly 67 million young people are currently out of work, and nearly 20 percent of individuals aged 15 to 54 are either employed or engaged in education, organizations, or training programmes. Read likewise: Boost for business owners as IBPLC produces jobs with Hero apprenticeship effort

These statistics have actually likewise shown that almost 40 percent of companies report troubles in filling jobs due to an inequality between labor force abilities and labour market needs, with youth unemployment surpassing 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 establish detailed strategies to resolve these typical difficulties efficiently.” “Transforming them into opportunities, ultimately we can all collaborate to guarantee the prosperity of our economies, neighborhoods, and labor forces.” The minister likewise kept in mind that the agreements focus on improving operational efficiency, promoting innovation, and driving value creation in positioning with Saudi Vision 2030. Key entities associated with these arrangements 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 Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see a number of notable collaborations emerged. INSEAD will offer academic services, while partnerships with Space Faculty and ProFun will explore innovation and knowledge . Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programmes concentrated on leadership advancement and capability building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop workforce credentials and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A substantial advancement is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities among trainees and the workforce, to name a few. Share
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