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

The Global Labor Market Conference (GLMC), has experienced the finalizing of 31 arrangements and Memoranda of Understanding (MOU) in between various entities, intending to provide thousands of training chances and tasks for the worldwide labor force. 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 focus on qualifying varied groups, employment such as brand-new graduates, females, and people with impairments, for appropriate work through specialised training programs, including development, instructional initiatives, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million youths are presently jobless, and nearly 20 percent of people aged 15 to 54 are either utilized or engaged in education, employment institutions, or training programs. Read also: employment Boost for entrepreneurs as IBPLC produces jobs with Hero apprenticeship initiative

These stats have likewise shown that nearly 40 percent of employers report difficulties in filling vacancies due to a mismatch between labor force abilities and labour market needs, employment with youth unemployment exceeding 30 percent in some regions internationally. Related News
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Highlighting the significance of these arrangements, Alrajhi stated “These figures highlight the immediate need to develop comprehensive methods to attend to these common difficulties efficiently.” “Transforming them into chances, eventually we can all work together to ensure the prosperity of our economies, communities, and workforces.” The minister also kept in mind that the arrangements focus on enhancing operational efficiency, promoting innovation, and driving value development in alignment with Saudi Vision 2030. Key entities associated with these agreements consist of 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, employment and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several notable cooperations emerged. INSEAD will supply academic services, while partnerships with Space Faculty and ProFun will explore development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programmes concentrated on leadership advancement and capability building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop labor force qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A considerable development is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities among trainees and the labor force, to name a few. Share
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