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

The Global Labor Market Conference (GLMC), has witnessed the signing of 31 arrangements and Memoranda of Understanding (MOU) in between different entities, aiming to provide thousands of training chances and tasks for the international workforce. This agreement was signed at the second edition of the GLMC 2025, released in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, together with 40 labour ministers. According to the ministers, these efforts will focus on certifying diverse groups, such as brand-new graduates, ladies, and individuals with impairments, for referall.us appropriate employment through specialised training programmes, including advancement, educational initiatives, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are currently jobless, and almost 20 percent of individuals aged 15 to 54 are either employed or taken part in education, institutions, or training programs. Read also: Boost for business owners as IBPLC develops jobs with Hero apprenticeship initiative

These statistics have actually also revealed that almost 40 percent of companies report difficulties in filling jobs due to a mismatch between workforce abilities and labour market needs, with youth joblessness exceeding 30 percent in some areas globally. Related News
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Highlighting the significance of these agreements, Alrajhi said “These figures highlight the urgent need to establish detailed techniques to attend to these common obstacles efficiently.” “Transforming them into opportunities, eventually we can all interact to guarantee the prosperity of our economies, communities, and labor forces.” The minister also kept in mind that the arrangements focus on improving functional performance, cultivating innovation, and driving value production in alignment with Saudi Vision 2030. Key entities associated with these agreements include 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 notable collaborations emerged. INSEAD will supply academic services, while partnerships with Space Faculty and ProFun will check out development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programmes concentrated on leadership advancement and capacity building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop labor force certifications and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A significant development is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills amongst trainees and the labor force, to name a few. Share
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