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

The Global Labor Market Conference (GLMC), has witnessed the finalizing of 31 contracts and referall.us Memoranda of Understanding (MOU) between various entities, aiming to provide countless and tasks for the worldwide workforce. This arrangement 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, in addition to 40 labour ministers. According to the ministers, these initiatives will focus on certifying diverse groups, such as new graduates, ladies, and people with disabilities, for suitable employment through specialised training programmes, including advancement, instructional initiatives, leadership preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young individuals are presently jobless, and almost 20 percent of individuals aged 15 to 54 are either used or taken part in education, institutions, or training programmes. Read also: Boost for entrepreneurs as IBPLC creates jobs with Hero apprenticeship effort

These statistics have actually also shown that nearly 40 percent of employers report problems in filling vacancies due to a mismatch in between labor force abilities and labour market needs, with youth joblessness exceeding 30 percent in some areas worldwide. Related News
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Highlighting the significance of these contracts, Alrajhi said “These figures highlight the immediate requirement to develop comprehensive strategies to deal with these typical challenges effectively.” “Transforming them into opportunities, eventually we can all work together to make sure the success of our economies, communities, and labor forces.” The minister likewise noted that the contracts concentrate on boosting functional performance, fostering development, and driving value development in alignment with Saudi Vision 2030. Key entities associated with these contracts 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, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several noteworthy partnerships emerged. INSEAD will provide academic services, while partnerships with Space Faculty and ProFun will explore innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programmes concentrated on management advancement and capacity building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop workforce qualifications and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A significant development is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills among trainees and the workforce, among others. Share
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