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

The Global Labor Market Conference (GLMC), has seen the signing of 31 agreements and Memoranda of Understanding (MOU) between various entities, intending to offer thousands of training opportunities and jobs for the global labor force. This arrangement 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, together with 40 labour ministers. According to the ministers, these initiatives will concentrate on qualifying diverse groups, such as new graduates, job ladies, and individuals with impairments, for ideal work through specialised training programmes, including advancement, academic initiatives, job management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are presently out of work, and nearly 20 percent of people aged 15 to 54 are either employed or taken part in education, organizations, job or training programs. Read also: Boost for entrepreneurs as IBPLC creates tasks with Hero apprenticeship effort

These statistics have actually also revealed that almost 40 percent of employers report difficulties in filling jobs due to an inequality in between workforce abilities and labour market demands, with youth joblessness surpassing 30 percent in some regions globally. Related News
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Highlighting the significance of these arrangements, Alrajhi said “These figures highlight the urgent requirement to establish comprehensive strategies to resolve these typical obstacles efficiently.” “Transforming them into opportunities, eventually we can all collaborate to guarantee the success of our economies, neighborhoods, and workforces.” The minister likewise kept in mind that the agreements concentrate on enhancing functional effectiveness, fostering development, and driving worth creation in alignment 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 College, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see numerous noteworthy collaborations emerged. INSEAD will provide academic services, while collaborations with Space Faculty and ProFun will check out development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programs concentrated on leadership development and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop labor force certifications and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A substantial development is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities among trainees and the labor force, amongst others. Share
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