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

The Global Labor Market Conference (GLMC), has actually seen the signing of 31 agreements and Memoranda of Understanding (MOU) in between different entities, aiming to offer countless training opportunities and tasks for the global workforce. This agreement was signed at the 2nd 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, along with 40 labour ministers. According to the ministers, these efforts will focus on certifying diverse groups, such as new graduates, women, and people with specials needs, for suitable work through specialised training programmes, including advancement, academic efforts, leadership preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are presently jobless, and nearly 20 percent of individuals aged 15 to 54 are either employed or participated in education, organizations, or training programmes. Read also: Boost for business owners as IBPLC develops jobs with Hero apprenticeship effort

These statistics have also revealed that nearly 40 percent of employers report troubles in filling vacancies due to a mismatch in between workforce skills and labour market demands, with youth unemployment surpassing 30 percent in some areas internationally. Related News
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Highlighting the significance of these agreements, Alrajhi said „These figures highlight the urgent need to establish comprehensive strategies to deal with these common difficulties efficiently.“ „Transforming them into opportunities, ultimately we can all work together to ensure the success of our economies, communities, and labor forces.“ The minister also noted that the contracts concentrate on functional effectiveness, fostering innovation, and driving value production in alignment with Saudi Vision 2030. Key entities associated with these arrangements consist of the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, employment Bella Vista Institute of College, the Saudi Logistics Academy, the Ministry of Tourism, employment and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several notable partnerships emerged. INSEAD will provide scholastic services, while partnerships with Space Faculty and ProFun will explore development and employment knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programmes concentrated on management development and capability building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish workforce credentials and employment training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A considerable advancement is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities amongst students and the workforce, among others. Share
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