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) between different entities, intending to provide countless training chances and tasks for the worldwide workforce. This arrangement was signed at the second edition of the GLMC 2025, launched 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 concentrate on qualifying diverse groups, such as brand-new graduates, females, and individuals with impairments, for ideal employment through specialised training programs, including advancement, educational initiatives, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young people are presently unemployed, and nearly 20 percent of people aged 15 to 54 are either employed or participated in education, organizations, or training programmes. Read also: Boost for business owners as IBPLC develops tasks with Hero apprenticeship effort

These statistics have likewise revealed that nearly 40 percent of companies report difficulties in filling jobs due to a mismatch between workforce skills and labour market needs, with youth unemployment exceeding 30 percent in some areas worldwide. Related News
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the significance of these arrangements, Alrajhi said "These figures highlight the immediate requirement to establish extensive strategies to deal with these common difficulties successfully." "Transforming them into opportunities, eventually we can all interact to guarantee the success of our economies, neighborhoods, and labor forces." The minister likewise noted that the agreements concentrate on improving operational performance, cultivating development, and driving worth production in positioning with Saudi Vision 2030. Key entities involved in 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 a number of noteworthy partnerships emerged. INSEAD will provide scholastic services, while partnerships with Space Faculty and ProFun will explore innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programs focused on management development and capability structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop workforce qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A significant advancement is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills amongst students and the labor force, to name a few. Share
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