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

The Global Labor Market Conference (GLMC), has seen the finalizing of 31 arrangements and Memoranda of Understanding (MOU) in between numerous entities, aiming to offer thousands of training chances and tasks for the international labor force. This arrangement was signed at the second edition of the GLMC 2025, introduced 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 concentrate on certifying diverse groups, such as brand-new graduates, females, and individuals with disabilities, for appropriate work through specialised training programs, including advancement, instructional efforts, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million young people are currently unemployed, referall.us and almost 20 percent of people aged 15 to 54 are either employed or participated in education, institutions, or training programs. Read likewise: Boost for business owners as IBPLC creates jobs with Hero apprenticeship effort

These statistics have actually likewise revealed that nearly 40 percent of employers report difficulties in filling jobs due to a mismatch in between workforce skills 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 agreements, Alrajhi stated “These figures highlight the immediate need to establish comprehensive methods to address these typical challenges efficiently.” “Transforming them into opportunities, ultimately we can all work together to make sure the prosperity of our economies, neighborhoods, and labor forces.” The minister also kept in mind that the agreements focus on boosting operational efficiency, cultivating innovation, and driving worth production in positioning with Saudi Vision 2030. Key entities associated with these contracts 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 several noteworthy collaborations emerged. INSEAD will provide academic 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 focused on management development and capability structure. 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 significant advancement is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities amongst students and the labor force, amongst others. Share
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