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) in between different entities, aiming to provide countless training chances and tasks for the global workforce. This agreement 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, in addition to 40 labour ministers. According to the ministers, these initiatives will concentrate on certifying varied groups, such as new graduates, females, and people with disabilities, for appropriate work through specialised training programmes, including development, academic initiatives, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are currently jobless, and nearly 20 percent of people aged 15 to 54 are either utilized or participated in education, institutions, or training programmes. Read likewise: Boost for entrepreneurs as IBPLC develops tasks with Hero apprenticeship effort

These statistics have likewise shown that almost 40 percent of companies report problems in filling jobs due to a mismatch in between workforce skills and labour market demands, with youth unemployment going beyond 30 percent in some regions worldwide. Related News
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Highlighting the significance of these agreements, Alrajhi said “These figures highlight the immediate requirement to establish thorough strategies to resolve these typical challenges effectively.” “Transforming them into opportunities, eventually we can all work together to ensure the success of our economies, neighborhoods, and workforces.” The minister also noted that the contracts concentrate on improving functional effectiveness, promoting development, and driving worth development 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 College, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several noteworthy cooperations emerged. INSEAD will offer academic services, while collaborations with Space Faculty and ProFun will explore development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programs focused on management advancement and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish labor force certifications and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A significant development is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities amongst trainees and the labor force, to name a few. Share
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