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

The Global Labor Market Conference (GLMC), has actually experienced the signing of 31 agreements and Memoranda of Understanding (MOU) in between numerous entities, aiming to supply thousands of training chances and tasks for the international labor force. This agreement was signed at the 2nd 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, together with 40 labour ministers. According to the ministers, these efforts will concentrate on qualifying diverse groups, such as new graduates, women, and individuals with specials needs, for appropriate employment through specialised training programs, including advancement, instructional efforts, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million young people are currently out of work, and almost 20 percent of people aged 15 to 54 are either used or engaged in education, organizations, or training programmes. Read also: Boost for as IBPLC creates jobs with Hero apprenticeship effort

These statistics have also shown that nearly 40 percent of companies report difficulties in filling vacancies due to an inequality between labor force skills and labour market needs, with youth unemployment exceeding 30 percent in some regions worldwide. Related News
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Highlighting the significance of these agreements, employment Alrajhi stated “These figures highlight the urgent requirement to establish comprehensive strategies to deal with these common challenges effectively.” “Transforming them into chances, eventually we can all interact to guarantee the prosperity of our economies, communities, and workforces.” The minister likewise kept in mind that the contracts focus on improving functional efficiency, promoting development, and driving worth creation in alignment with Saudi Vision 2030. Key entities associated with 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 College, the Saudi Logistics Academy, the Ministry of Tourism, and employment Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see numerous notable cooperations emerged. INSEAD will offer academic services, employment while collaborations with Space Faculty and ProFun will explore innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programs focused on management development and capability building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish workforce certifications and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A substantial advancement is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills among trainees and the workforce, among others. Share
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