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

The Global Labor Market Conference (GLMC), has witnessed the signing of 31 contracts and Memoranda of Understanding (MOU) between various entities, intending to offer thousands of training opportunities and tasks for employment the worldwide labor force. This contract was signed at the 2nd edition of the GLMC 2025, released in Riyadh, employment Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, employment along with 40 labour ministers. According to the ministers, these efforts will concentrate on qualifying diverse groups, such as new graduates, females, and people with disabilities, for appropriate employment through specialised training programmes, including development, educational initiatives, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are currently unemployed, employment and almost 20 percent of individuals aged 15 to 54 are either employed or engaged in education, organizations, or training programs. Read also: Boost for business owners as IBPLC develops tasks with Hero apprenticeship effort

These statistics have 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 going beyond 30 percent in some regions globally. Related News
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Highlighting the significance of these agreements, Alrajhi said “These figures highlight the urgent need to develop detailed techniques to resolve these common challenges efficiently.” “Transforming them into chances, eventually we can all work together to guarantee the prosperity of our economies, communities, and workforces.” The minister also kept in mind that the arrangements focus on enhancing functional efficiency, promoting innovation, and driving worth development in alignment with Saudi Vision 2030. Key entities included in these agreements consist of the Ministry of 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 notable partnerships emerged. INSEAD will supply academic services, while partnerships with Space Faculty and ProFun will check out innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programmes concentrated on leadership development and capacity building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop workforce certifications and training initiatives. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship development. A significant advancement is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities amongst trainees and the workforce, to name a few. Share
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